Section 4: Restrictions on borrowing terms and conditions and on entering into financial contracts

I. – Variable interest rates on loans taken out by local authorities, their groupings and the departmental fire and rescue services mentioned in 2° of I of article L. 1611-3-1 with credit institutions are indexed or vary according to one of the following indices: 1° A customary rate on the eurozone interbank market, the eurozone money market or bonds issued by a Member State of the European Union whose currency…

I. – Local authorities, their groupings and departmental fire and rescue services may only enter into financial contracts provided that they are backed by loans and that the variable interest rate of the indexation formula resulting from the combination of the loan and the financial contract does not derogate from the conditions set out in Article R. 1611-33. II. – The deliberation of the deliberative assembly or, in the event…