Section 4: Loan guarantees (R)

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.