The social and economic committee is informed and consulted after the company has been notified of the direct award, by a public entity, of subsidies, loans or repayable advances, the amount of which exceeds a threshold set by order of the ministers responsible for labour, the economy, the budget and local authorities. This provision applies under the same conditions to grants, loans and repayable advances awarded under Community programmes or funds.
Information and consultation relate to the nature of the aid, its purpose, its amount and the conditions for payment and use set, where applicable, by the awarding public entity.
These provisions do not apply to the funding mentioned in the first paragraph which is awarded by public authorities to public establishments attached to them, or to subsidies for public service charges awarded by a public authority.