Subsection 1: Common provisions.

I. – For the application of this section, the market value of the land or buildings used as a reference for determining the amount of aid that may be granted by the local authorities and their groupings, under the conditions laid down in Article L. 1511-3, is set by the departmental or, where applicable, regional director of public finance or by an expert. In cases where its opinion is required…

For the application of this section, aid granted in the forms provided for in Article L. 1511-3 for the financing of real estate projects under leasing and hire-purchase contracts is considered to be investment aid. This aid can only be granted if the leasing or hire-purchase contract still has a duration of at least five years after the anticipated completion date of the investment project. Where the beneficiary company is…

The deliberative assemblies of the territorial authorities and their groupings determine the conditions for the allocation, liquidation, payment, cancellation and repayment of aid granted under this section. Benefit from this aid is subject to the company’s compliance with its tax and social security obligations. The agreement referred to in paragraph 2 of Article L. 1511-3 includes a declaration in which the beneficiary company mentions all the aid received or applied…

For the application of this section, the competent local authorities and their groupings may, alone or jointly, grant aid for property investment and rental in compliance with Articles 107 and 108 of the Treaty on the Functioning of the European Union and the regulations deriving therefrom.