Locations, their groupings, the collectivity of Saint-Barthélemy and the collectivity of Saint-Martin may, under conditions set by decree in the Conseil d’Etat, award subsidies to existing establishments whose purpose is the retail sale of new books.
To qualify for the grant provided for in the first paragraph, an establishment must, during the reference period referred to in Article 1467 A of the General Tax Code or, for the collectivity of Saint-Barthélemy, the collectivity of Saint-Martin and the communes of Saint-Pierre-et-Miquelon, the year preceding that in which the grant is paid, be part of a company that satisfies the following conditions:
The company must be a public limited company or a private limited company.
1° The company must be a small or medium-sized enterprise within the meaning of Annex I to Commission Regulation (EU) No 651/2014 of 17 June 2014 declaring certain categories of aid compatible with the internal market in application of Articles 107 and 108 of the Treaty or, for the collectivity of Saint-Barthélemy and the communes of Saint-Pierre-et-Miquelon, employ fewer than 250 people and have an annual turnover not exceeding €50 million or an annual balance sheet total not exceeding €43 million;
2° At least 50% of the company’s capital is held on a continuous basis by:
a) Individuals
a) By natural persons;
or
b) Or by a company that meets the conditions laid down in 1° and 3° of this article and at least 50% of whose capital is held by natural persons;
3° The company is not linked to another company by a contract under Article L. 330-3 of the French Commercial Code.
These subsidies are awarded in accordance with the stipulations of an agreement signed between the establishment and the local authority, municipality or group of municipalities.
The benefit of this grant is subject to compliance with Article 53 of the aforementioned Commission Regulation (EU) No 651/2014 of 17 June 2014.