Advanced Search

Law 12/2010 Of 22 April, Extraordinary Credit In Order To Finance The Costs Of The Initial Endowment Of Foundations Onca And Ena

Original Language Title: Llei 12/2010, del 22 d’abril, de crèdit extraordinari per finançar les despeses derivades de la dotació inicial de les fundacions ONCA i ENA

Subscribe to a Global-Regulation Premium Membership Today!

Key Benefits:

Subscribe Now for only USD$40 per month.
Law 12/2010 of 22 April, extraordinary credit in order to finance the costs of the initial endowment of foundations ONCA and ENA since the General Council in its session of April 22, 2010 has approved the following: law 12/2010 of 22 April, extraordinary credit in order to finance the costs of the initial endowment of foundations ONCA and ENA preamble : with the approval of the law on foundations, on June 12, 2008, and of the regulations of the register of foundations and the Protectorate, April 1, 2009, we started a process of adaptation of the ONCA and ENA, which must end with the entry in the register before January 2010.

In addition to the performance of the regulatory provisions concerning the adaptation of the statutes of these foundations, the agreements of the founders on the desire to have the consideration of foundations of the public sector, and the proof that they meet since it constituted according to the requirements set out in article 39 of this law, are pending in the negotiations to increase up to 85,000 euros the foundational resources that are required.

So, then, to close the adequacy of these foundations and make effective the entry in the register of foundations before January 2010, it is necessary to adapt the initial endowment to 85,000 euros as in article 5 of the above-mentioned Law.

For ONCA, the participation of the Board of Trustees is shared between the Crèdit Andorrà Foundation and the Government; because the Foundation is considered the public sector the contribution for the initial capital must be more than 50%, which represents an amount of 51,000 euro by the Government.

In the case of the ENA, the participation is shared between the Crèdit Andorrà Foundation, the Comú of la Massana and the Government. Thus, since the sum between the of la Massana and the Government no longer represents more than 50% that is required so that the Foundation will consider the public sector, it is necessary to bring the Government a total of 34,000 euros.

The character of maximum urgency and need is justified by the adequacy of the initial endowment to 85,000 euros, as article 5 of the law 11/2008, and of the need to pay the entry in the register of foundations before January 2010, in accordance with the first transitional provision of the above-mentioned Law and with letter of 7 July 2009 , of the person responsible for the register of foundations and the Protectorate.

Seen that there is no budget for the financial year 2009 to deal with the expense of reference;

Seen that the Government, by agreement of December 9, 2009, approved an advance of funds for a total amount of 85,000 euros for the following budgetary items: 555 Department of Cultural and Linguistic Promotion 558 action Area Pol.-Cultural-founding Capital 82070 ONCA-PROJ 0003 support to cultural institutions, for a total of € 51,000 555 Department of Cultural and Linguistic Promotion 558 action Area Pol.-Cultural-82071 founding Capital ENA-PROJ 0003 support for cultural institutions , for an amount of € 34,000 Seen the report of the General intervention;

Seen the governmental agreement of December 9, 2009;

Article 1 approves an extraordinary credit for an amount of € 85,000, intended to finance the costs of the initial endowment of foundations ONCA and ENA, for budgetary as well: 555 Department of Cultural and Linguistic Promotion 558 action Area Pol.-Cultural-founding Capital 82070 ONCA-PROJ 0003 support to cultural institutions, for a total of € 51,000 555 Department of Cultural and Linguistic Promotion 558 action Area Pol.-Cultural-82071 founding Capital ENA-PROJ 0003 support for cultural institutions , for an amount of € 34,000 Article 2 This extraordinary credit is financed by budgetary 410-Department planning and Territorial-413-building Area-60910-studies and investment projects-2008-0000000001-School Meadows of the River, for a total of 85,000 euros.

Final provision this law enters into force on the same day to be published in the official bulletin of the Principality of Andorra.

Casa de la Vall, Josep Dallerès Codina 22 April 2010 Syndic General Us the co-princes the sancionem and promulguem and let's get the publication in the official bulletin of the Principality of Andorra.

Nicolas Sarkozy Joan Enric Vives Sicília and President of the French Republic and the Bishop of Urgell Co-prince of Andorra Co-prince of Andorra