Section 7: Provisions governing the public company referred to in article L. 1611-3-2 known as Agence France Locale

1° For the application of Article L. 1611-3-2, local authorities, their groupings and local public establishments whose debt-reduction capacity, defined as the ratio between outstanding debt at the balance sheet date and gross savings for the previous financial year and expressed as a number of years, recorded during the penultimate financial year, is less than : a) Twelve years out of the average over the last three years for communes,…