TITLE IIGENERAL PROVISIONS ON AGRICULTURAL FUNDS

CHAPTER IAgricultural Funds

Article 3Funds financing agricultural expenditure

1

In order to achieve the objectives of the CAP as set out in the TFEU, the financing of the various measures falling under that policy, including rural development shall be made by:

a

the European Agricultural Guarantee Fund (EAGF);

b

the European Agricultural Fund for Rural Development (EAFRD).

2

The EAGF and the EAFRD (the "Funds") shall come under the general budget of the European Union (the Union's budget).