Section 2: Financial assistance from local authorities and their groupings

Local authorities and their groupings may, in their capacity as shareholders, take part in changes to the capital or allocate current account contributions from members to local semi-public companies under the conditions defined in article L. 1522-5. These financial contributions are not governed by the provisions of Title I of this Book.

The contribution to the members’ current account referred to in the first paragraph of article L. 1522-4 is allocated within the framework of an express agreement between the shareholder local authority or grouping, on the one hand, and the local semi-public company, on the other hand, which stipulates, on pain of nullity: 1° The nature, purpose and duration of the contribution; 2° The amount, the conditions for repayment, possibly remuneration…