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Article 142

The implementation by the Kingdom of Spain of the aids or subsidies referred to in Article 138 or by the Community of the refunds referred to in Article 141 shall be subject to prior consultations which shall take place in accordance with the following procedure :

1 . Any proposal for fixing :

- a subsidy for exports from Spain to the Community as at present constituted or to third countries , or

- a refund for exports from the Community as at present constituted to Spain ,

shall form the subject of an exchange of views within the framework of periodical meetings of the Management Committee set up by Regulation ( EEC ) No 1035/72 .

2 . The Commission representative shall submit the proposal referred to in point 1 for examination ; this examination shall concern itself in particular with the economic aspect of the exports envisaged and with the situation and the level of prices on the Spanish market , on that of the Community as at present constituted or on the world market .

3 . The Committee shall deliver an opinion on the proposal within a time limit which the Chairman may lay down according to the urgency of the matter . The opinion shall be delivered by a majority of 54 votes .

The opinion shall be forthwith forwarded to the competent authority for fixing , namely the Kingdom of Spain or the Commission , as the case may be .