Section 1: Loan guarantees.

A region may only grant a loan guarantee or surety to a person governed by private law under the conditions set out in this article. The total amount of annual instalments, already guaranteed or guaranteed to fall due during the financial year, of loans contracted by any person governed by private or public law, plus the amount of the first full annual instalment of the new guaranteed assistance, and the…

I. – The provisions of the second, third and fourth paragraphs of Article L. 4253-1 are not applicable to loan guarantees or sureties granted by a region: 1° Pour les opérations de construction, d’acquisition ou d’amélioration de logements réalisées par les organismes d’habitations à loyer modéré ou les sociétés d’économie mixte ; 2° For housing construction, acquisition or improvement operations benefiting from a State subsidy or carried out with the…