The deliberative assemblies of the local authorities or their groupings determine each year the maximum amount of expenditure that may be incurred under the third paragraph of article L. 1511-3.
For a single loan, payments corresponding to the commission or commissions assumed by a local authority or grouping must be made in a single instalment to the lenders, credit institutions or finance companies acting as guarantors. .
In all cases, the lender must inform the borrower, before the loan agreement is signed, of the terms and conditions of the involvement of the local authorities or their groupings and in particular those provided for in the agreements referred to in Article R. 1511-24.
The provisions of articles R. 1511-24, R. 1511-25 and R. 1511-28 are not applicable to the assumption of fees payable by beneficiaries of loan guarantees contracted to carry out the operations provided for in article L. 2252-2, in article L. 3231-4-1 and article L. 4253-2.
The net amount of annual debt payments referred to in articles L. 2252-1, L. 3231-4 and L. 4253-1 is equal to the difference between the total amount of sums entered : a) Expenditure on the repayment of loan capital and the payment of interest and the settlement of long or medium-term debts, without receipt of funds; b) Revenue on the recovery of long and medium-term debts. These sums are those…
Real operating revenue is that defined in the fifth paragraph of article R. 2313-2.
The percentage limit mentioned in the second paragraph of articles L. 2252-1, L. 3231-4 and L. 4253-1 and whose elements are defined in articles D. 1511-30 and D. 1511-31 is set at 50%.
For the application of the second paragraph of articles L. 2252-1, L. 3231-4 and L. 4253-1, the multiplying coefficient applied to specific provisions set aside by municipalities to cover guarantees or sureties is set at 1.
For the application of the third paragraph of articles L. 2252-1, L. 3231-4 and L. 4253-1, the maximum proportion of annual instalments guaranteed or secured for the benefit of a single debtor, payable in respect of a financial year, in relation to the total amount of annual instalments that may be guaranteed or secured is set at 10%. .
For the application of the fourth paragraph of articles L. 2252-1, L. 3231-4 and L. 4253-1, the maximum percentage that may be guaranteed by one or more local authorities on the same loan is set at 50%. It may be increased to 80% for development projects carried out pursuant to articles L. 300-1 à L. 300-4 du code de l’urbanisme.
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is a Registered Trademark of
PETROFF LAW FIRM (SELARL LEGASTRAT)
182, rue de Rivoli
75001, Paris France
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Paris Bar Registration n° (Toque) C2396
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is a Registered Trademark of
PETROFF LAW FIRM (SELARL LEGASTRAT)
182, rue de Rivoli
75001, Paris France
RCS Paris n°814433470
Paris Bar Registration n° (Toque) C2396
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