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Article L4424-26 of the French General Code of Local Authorities

The territorial collectivity of Corsica defines its housing priorities within the framework of the development plan, in particular, in the light of proposals sent to it by the communes. The Assembly of Corsica, on the proposal of the Executive Council, determines the distribution, between programmes for home ownership, the construction of new rental housing and the improvement of existing housing, of aid allocated by the State in the form of…

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Article L4424-26-1 of the French General Code of Local Authorities

In the form of a public establishment of the territorial collectivity of Corsica of an industrial and commercial nature, the Office foncier de la Corse, over which the collectivity exercises its supervisory power, has the missions defined below. This establishment implements land strategies in order to mobilise land and promote sustainable development and the fight against urban sprawl. These strategies contribute to the creation of housing, particularly social housing, taking…

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Article L4424-26-2 of the French General Code of Local Authorities

For the implementation of the tasks provided for in the second paragraph of Article L. 4424-26-1, the Office is competent to carry out, on behalf of the territorial collectivity of Corsica or any public person, all land or property acquisitions with a view to establishing land reserves pursuant to articles L. 221-1 et L. 221-2 du code de l’urbanisme ou de la réalisation d’actions ou d’opérations d’aménagement au sens de…

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Article L4424-26-3 of the French General Code of Local Authorities

For the implementation of the missions provided for in the first paragraph of Article L. 4424-26-2, the office draws up a multiannual programme of operations which: – defines its actions, the procedures for them and the resources implemented; – specifies the conditions for the transfer of land, suitable for guaranteeing use in accordance with the establishment’s missions. The multiannual intervention programme takes into account the priorities set out in the…

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Article L4424-26-5 of the French General Code of Local Authorities

The revenues of the office include in particular: 1° The proceeds of the special equipment tax determined under the conditions provided for in Article 1607 bis of the General Tax Code; 2° Contributions, in particular grants, subsidies, advances, assistance funds or holdings, financial guarantees granted to it by the European Union, the State, local authorities and national companies, public establishments and any other interested public or private legal entities; 3°…

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Article L4424-27 of the French General Code of Local Authorities

The territorial authority’s aid regime in favour of economic development, provided for in Title I of Book V of Part One, is determined by the territorial authority by deliberation of the Assembly of Corsica. The President of the Executive Council implements these deliberations under the conditions set out in article L. 4422-26.

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Article L4424-28 of the French General Code of Local Authorities

The Corsican regional authority may participate, through the payment of endowments, in the constitution of an investment fund with a private equity company whose purpose is to provide equity capital to companies. The total amount of endowments paid by the regional authority may not exceed 50% of the total amount of the fund. The Corsican regional authority will enter into an agreement with the company managing the fund, setting out,…

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Article L4424-28-1 of the French General Code of Local Authorities

The Corsican regional authority may participate, through the payment of grants, in the constitution of a guarantee fund with a credit institution or finance company whose exclusive purpose is to guarantee financial assistance granted to companies. The Corsican regional authority will enter into an agreement with the company managing the fund, setting out, in particular, the purpose, amount and operation of the guarantee fund, the procedures for informing the regional…

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Article L4424-29 of the French General Code of Local Authorities

The territorial collectivity of Corsica may, where the purpose of its intervention is to promote local economic development, grant aid for the creation or development of businesses, in addition to that mentioned in Title I of Book V of Part One. The nature, form and procedures for granting aid are set by deliberation of the Assembly of Corsica. Each year, the President of the Executive Council of Corsica reports to…

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