Subsection 2: Aid to establishments retailing new books

The subsidies provided for in article L. 2251-5 are subject to a written request from the head of the company to which the existing establishment whose purpose is the retail sale of new books belongs.

In support of the application, the company director produces a file containing: 1° The company’s articles of association; 2° A description of the establishment; > and 3° The company’s operating accounts for the last two financial years preceding the application or, failing that, for the last financial year preceding the application; > 4° The company’s provisional operating accounts for the following two years; 5° The reasons for the application, specifying…

The agreement concluded pursuant to article L. 2251-5 shall set out: 1° The purpose and objectives of the aid; 2° The amount and terms of the aid and, where applicable, the conditions under which the aid is granted.

Per year, the amount of the grant awarded, on the basis of Article L. 2251-5, by the communes and their groupings, the collectivity of Saint-Barthélemy, the collectivity of Saint-Martin and the communes of Saint-Pierre-et-Miquelon may not exceed 20% of the turnover of the company to which the establishment belongs.