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Article D1511-30 of the French General Code of Local Authorities

The net amount of annual debt payments referred to in articles L. 2252-1, L. 3231-4 and L. 4253-1 is equal to the difference between the total amount of sums entered : a) Expenditure on the repayment of loan capital and the payment of interest and the settlement of long or medium-term debts, without receipt of funds; b) Revenue on the recovery of long and medium-term debts. These sums are those…

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Article D1511-34 of the French General Code of Local Authorities

For the application of the third paragraph of articles L. 2252-1, L. 3231-4 and L. 4253-1, the maximum proportion of annual instalments guaranteed or secured for the benefit of a single debtor, payable in respect of a financial year, in relation to the total amount of annual instalments that may be guaranteed or secured is set at 10%. .

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Article D1511-35 of the French General Code of Local Authorities

For the application of the fourth paragraph of articles L. 2252-1, L. 3231-4 and L. 4253-1, the maximum percentage that may be guaranteed by one or more local authorities on the same loan is set at 50%. It may be increased to 80% for development projects carried out pursuant to articles L. 300-1 à L. 300-4 du code de l’urbanisme.

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Article R1511-38 of the French General Code of Local Authorities

The percentage of each financial facility guaranteed by the credit institution or finance company either from its own funds or from those of the guarantee funds set up with it may not exceed 50%. The guarantee of the credit institution or finance company combined with that of the local authorities may not exceed 50% of the total amount of each financial assistance, except for the transactions referred to in articles…

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