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Article R1611-33 of the French General Code of Local Authorities

I. – Variable interest rates on loans taken out by local authorities, their groupings and the departmental fire and rescue services mentioned in 2° of I of article L. 1611-3-1 with credit institutions are indexed or vary according to one of the following indices: 1° A customary rate on the eurozone interbank market, the eurozone money market or bonds issued by a Member State of the European Union whose currency…

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Article R1611-34 of the French General Code of Local Authorities

I. – Local authorities, their groupings and departmental fire and rescue services may only enter into financial contracts provided that they are backed by loans and that the variable interest rate of the indexation formula resulting from the combination of the loan and the financial contract does not derogate from the conditions set out in Article R. 1611-33. II. – The deliberation of the deliberative assembly or, in the event…

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Article D1611-35 of the French General Code of Local Authorities

In application of article L. 1611-9, the multi-annual impact study on operating expenditure is drawn up for all exceptional investment projects. This study is attached to the presentation of the exceptional investment operation project to the deliberative assembly, which may take place at the time of the budgetary orientation debate or the vote on a budgetary decision or at the time of a request for financing. The multi-annual impact study…

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Article R1611-36 of the French General Code of Local Authorities

I. – When the European Commission initiates proceedings against France on the basis of Article 258 or 260 of the Treaty on the Functioning of the European Union, the State shall inform the local authorities, their groupings or their public establishments concerned by means of a referral comprising: 1° A note setting out the complaints in the proceedings brought against France; 2° The legal and factual elements likely to establish…

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Article R1611-37 of the French General Code of Local Authorities

The Consultative Commission on the Financial Liability of Local Authorities, referred to in III of Article L. 1611-10, includes: 1° Two members of the Conseil d’Etat, including the chairman of the commission, appointed by the vice-chairman of the Conseil d’Etat; 2° Two members of the Cour des Comptes, appointed by the first chairman of the Cour des Comptes; 3° The presidents of the “Régions de France” association, the Assemblée des…

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Article R1611-38 of the French General Code of Local Authorities

The members of the commission mentioned in 3° of article R. 1611-37 may be represented by a member of their association, who must be a regional councillor, a departmental councillor, a councillor who is a member of an inter-communal public body with its own tax system or a municipal councillor, depending on whether they belong to the “Régions de France” association, the Assemblée des départements de France, the Assemblée des…

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Article R1611-39 of the French General Code of Local Authorities

The Commission’s secretariat is provided by the Minister responsible for local and regional authorities. The expenses relating to the operation of the commission are entered in the State budget, mission “general and territorial administration of the State”. The procedures for the organisation and operation of the commission that are not provided for by this decree are set by the commission’s internal regulations. The deliberation of the commission establishing the rules…

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Article R1611-40 of the French General Code of Local Authorities

When it is consulted pursuant to IV of article L. 1611-10, the Consultative Commission on the Financial Responsibility of Local Authorities shall give its opinion within three months of the date of receipt, by its chairman, of its referral by the Prime Minister. The commission’s referral, which may be communicated electronically, includes: 1° A copy of the judgment against France by the Court of Justice of the European Union on…

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Article D1611-41 of the French General Code of Local Authorities

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,…

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Article D1612-1 of the French General Code of Local Authorities

The prefect communicates to the mayors: 1° A statement indicating the forecast amount of the net bases of each of the four direct local taxes and the tax for the removal of household waste chargeable to the municipality, the net tax rates adopted by the municipality the previous year, the average reference rates at national and departmental level, as well as the ceiling rates which are enforceable against the municipality…

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