Key Benefits:
See the copyright notice Conditions of use .
In accordance with the decision of the Parliament:
For the development, expansion, creation and capacity-building of small and medium-sized enterprises, the guarantee for domestic and foreign loans or contingent liabilities may be provided by State guarantees in accordance with this law. Provides. State guarantees are provided as collateral, primarily on behalf of companies whose business activity or service activities have a key role to play.
A State guarantee cannot be provided as collateral for a credit or contingent liability which is intended to provide services immediately to the consumer unless it is a tourism sector or a business activity. Notwithstanding the above restrictions, a State guarantee may be granted to a credit or contingent liability which is assessed to have a significant impact on the technological development of the industry or the undertaking, the improvement of the operating methods or Development of international competitiveness. However, the State guarantee cannot be given as a guarantee to the credit institution or to a contingent liability which is used for the exercise of the actual farm economy.
A State guarantee may only be given to the credit of a real estate undertaking or a contingent liability that is intended to serve undertakings whose loans under paragraphs 1 and 2 may be granted a State guarantee. Where the ownership of a real estate company is other than those of undertakings which, under paragraphs 1 and 2, may be granted a State guarantee pursuant to paragraphs 1 and 2, a State guarantee may be granted by a State guarantee To the property company only for specific reasons.
A State guarantee may also be provided by a credit institution with a credit institution for the purpose of providing a financial arrangement for the provision of domestic capital goods to a domestic supplier or subscriber, where the creditor is other than in paragraphs 1 or 2. Intended company.
The credit guaranteed by the State under this Act is referred to as a guarantee facility. Commitment means a commitment to meet the collateral conditions of supply contracts.
The purpose of the guarantee facility shall be to acquire, for the purposes of Article 1, the acquisition, modification, repair and improvement of the assets necessary for the business activity referred to in Article 1, and not earlier than two years before the start of the application for the guarantee The stabilisation of short-term liabilities resulting from these investments.
The financing of the use of capital for business operations and the financing of product development and the marketing of products may also be approved for the purpose of the credit facility. (27.11.1981/810)
A State guarantee may also be granted as a guarantee of credit for the purpose of which the business operator referred to in Article 1 (1) to (3) requires the acquisition of a company or its shares or units intended for the purposes of another said article.
The State guarantee may also be given as collateral for the contingent liability provided for in this Act. (3.4.1992)
The State guarantee may be provided as collateral for the principal amount of the guarantee credit, the interest rate and the other contributions under the credit terms, as well as the guarantee for the guarantee credit or the guarantee provided as collateral. The guarantee may cover, in whole or in part, the risk of loss or contingent liability.
The State guarantee may be granted as a form of guarantee, guarantee or other commitment.
At the same time, guarantee loans and contingent liabilities shall not exceed the amount of DEM 6 000 million, interest and other capital, possibly due in addition to capital, without reading. The amount of the foreign credit shall be calculated on the basis of the average rate established by the Bank of Finland at the time of issue of the guarantee. At the time of issue of the guarantee, the exchange rate of the Bank of Finland shall be calculated using the international exchange rate at the time of the guarantee of this currency, in a currency for which the Bank of Finland is available. (17,1995/205)
The provision of a State guarantee to the credit referred to in Article 1 (4) shall be subject to the agreement of the Ministry of Trade and Industry, provided that the amount of credit exceeds EUR 200 million.
A State guarantee may be granted where it is deemed necessary for the financing of the undertaking and for the guarantee arrangements. (27.11.1981/810)
In order to reduce the risk of loss linked to the State guarantee, collateral or collateral arrangements need not be required. (17,1995/205)
When granting State guarantees, attention should be paid to the importance of the company in terms of the general economic development of the activities referred to in Article 1 and the appropriate regional investment and the safeguarding of employment. Particular attention must be paid to the financial conditions and viability of the company's activities, as well as to the ability of the entrepreneur and the company's management to manage the company successfully. (5.1978/328)
Articles 6 to 7 have been repealed by L 27.11.1981/810 .
The implementation and application of this law is governed by the law of the State (443/1998) For the purposes of the company.
In the case of guarantees and other charges, as referred to in this Act, and in the case of compensation, the provisions of the Law on the Guarantee Fund (444/1998) Provides.
Articles 10 to 14 have been repealed by L 3.2.1989/113 .
More detailed provisions on the implementation and application of this law will be adopted by the Regulation.
State guarantees within the meaning of this law are no longer granted under the law on credit and guarantee operations of a special financial company (445/1998) After entry into force. This law shall apply to the State guarantees provided for by this Law by the State guarantee centre. (18.06.1998/453)
This Act shall enter into force on 15 May 1978.
The provisions of Article 3 (3) and (4) of this Law also apply to State guarantees already granted.
This Act shall enter into force on 1 January 1982.
A State guarantee for which a decision has been taken by the State guarantee institution before the entry into force of this Act shall be governed by the law previously in force.
HE 111/81, mmet miet. 50/81, svk.M. 105/81
This Act shall enter into force on 1 September 1989.
HE 201/88, yyyy. 77/88, the svk.M. 199/88
This Act shall enter into force on 8 April 1992.
HE 236/91, tv miet. 4/92
This Act shall enter into force on 2 December 1992.
The average rate fixed by the Bank of Finland under Article 4 of the Act shall apply from 18 September 1992.
THEY 257/92 , TaVM 40/92
This Act shall enter into force at the time laid down by the Regulation. On 1 January 1999, L 453/1998 came into force on 1 January 1999.
Before the entry into force of this Act, measures may be taken to implement the law.
THEY 35/1998 , TaVM 12/1998, Pevie-11/1998, EV 53/1998
