Article L113-1 of the French Sports Code
Local authorities or their groupings may not grant loan guarantees or sureties to the sports associations and societies mentioned in articles L. 121-1 and L. 122-2. However, local and regional authorities or their groupings may grant their guarantee for loans contracted with a view to the acquisition of equipment by sports associations whose annual revenue does not exceed 75,000 euros. They may also grant their guarantee for loans taken out…