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Article R5211-13-3 of the French General Code of Local Authorities

When the price of acquisitions of real estate, real property rights or businesses carried out according to the rules of common law by public establishments of inter-municipal cooperation gives rise to reinvestment in real estate, the public accountants remit the funds to the notary drafting the deed transferring the real estate acquired in reinvestment. The funds are remitted at the request of the seller and on production of a certificate…

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Article R5211-13-4 of the French General Code of Local Authorities

When the price of one of the acquisitions mentioned in Article R. 5211-13-3 gives rise to reinvestment in transferable securities, the public accountants shall remit the funds to the investment service provider other than a portfolio management company appointed by the seller, by contract or by judicial authority, to carry out the purchase and apply for registration of the securities acquired in reinvestment. The funds shall be remitted on production…

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Article R5211-13-5 of the French General Code of Local Authorities

For real estate acquisitions made in administrative form by public establishments of inter-municipal cooperation, a deposit may be paid to the seller, upon expiry of the periods open for taking registrations with retroactive effect, up to a maximum of three quarters of the difference between the stipulated price and that of the charges and accessories. This deposit is paid after authorisation by the authority empowered to receive the administrative deed.

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Article R5211-13-6 of the French General Code of Local Authorities

The price of real estate acquisitions made out of court in accordance with the rules of civil law or after exercising the right of pre-emption on behalf of public establishments for inter-municipal cooperation may be paid to the vendor, after publication of the deed in the real estate register, without the completion of formalities for the purging of registered mortgages when it does not exceed an amount set by order…

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Article R5211-14 of the French General Code of Local Authorities

The chapters and articles of the budget of a public establishment for inter-municipal cooperation are defined by the decree mentioned in article R. 2311-1. The provisions of article R. 2311-1 relating to functional presentation and presentation by nature are applicable to the budget of the public establishment of inter-municipal cooperation, taking into account the voting procedures adopted by the deliberative assembly and the provisions below. The budget of the public…

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Article R5211-15 of the French General Code of Local Authorities

For public establishments for inter-municipal cooperation which include at least one municipality of 3,500 inhabitants or more, and which have their own tax system, the summary data relating to the financial situation to be produced are those in article R. 2313-1. When the population of the communities that are part of these public establishments is equal to or greater than 10,000 inhabitants, the second paragraph of article R. 2313-1 is…

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Article D5211-16 of the French General Code of Local Authorities

The reimbursement of the operating costs of the service made available in application of II of article L. 5211-4-1 is made on the basis of a unit operating cost for the service, multiplied by the number of operating units recorded by the public establishment for inter-communal cooperation or the municipality benefiting from the provision. The agreement defines the method used to determine the unit operating cost and includes a forecast…

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