Advanced Search

The Law On Credit Institutions Funds Some Of The Interest Rate Subsidy On Loans

Original Language Title: Laki luottolaitosten varoista myönnettävistä eräistä korkotukilainoista

Subscribe to a Global-Regulation Premium Membership Today!

Key Benefits:

Subscribe Now for only USD$40 per month.

Law on certain interest rate subsidies on credit institutions' assets

See the copyright notice Conditions of use .

In accordance with the decision of the Parliament:

ARTICLE 1

Credit institutions' assets may, according to the law provided for in this Act, provide loans for which the State pays interest credit to credit institutions. These loans are referred to as interest subsidies.

The loan is granted by the deposit bank, the Nordic Investment Bank, the Industrial Cooperation Fund Oy, the insurance company or the occupational pension institution (hereinafter referred to as the Credit institution . (20.4.2000)

Paragraph 3 has been repealed by L 30.12.1992/1557 .

ARTICLE 2

Interest rate loans may be given:

1) for the construction of private textbooks, community colleges, civil and labour colleges and municipal and private professional, technical, commercial, household, domestic, agricultural and forestry education institutions, as well as construction To stabilise the debt incurred;

2) for the construction of water supply and sewerage equipment and sludge processing and soil facilities and for the implementation of industrial water protection measures; (3.11.197824)

(3) the construction of trade and industrial ports; (5.12.1984/827)

(4) renovation and renovation of ships engaged in island transport; (16.2.1979/173)

(5) the establishment and remediation of industrial and electricity, gas and heat services, the establishment and remediation of general waste disposal sites and the implementation of investments to promote recovery of waste; (5.12.1984/827)

(6) Procurement and basic repairs of cargo ships used for the carriage of goods by sea and, principally, for the carriage of goods by sea for the carriage of goods by sea and, principally, for the carriage of goods by sea, and of less than 1 600 gross tonnage to be purchased abroad For purchases of cargo ships in the field of cargo, (30.12.1993)

(7) The paragraph has been repealed by L 30.12.1992/1557 .

(8) the safeguarding of the livelihood of the population and the supply of raw materials, supplies and products necessary for the maintenance of production activities in the event of disruption of external trade; and (17.12.1982/944)

(9) the paragraph has been repealed by L 30.12.1992/1557 .

(10) Paragraph 10 has been repealed by L 30.12.1992/1557 .

(11) Paragraph 11 has been repealed by L 30.12.1992/1557 .

(12) the execution of construction and basic improvement projects for ravi and equestrian activities, as well as the stabilisation of the debts resulting from these measures; (23.12.1988/1)

(13) an investment abroad for environmental protection, which has a significant impact on the state of the environment in Finland; and (22.12.1994/1308)

(14) the stabilisation of credit and capital credits resulting from the productive investment of greenhouse gases and horticultural crops. (22.12.1994/1308)

ARTICLE 3

The interest rate charged by the credit institution shall not exceed the interest rate of the credit institution, which is generally applicable to loans granted for similar purposes.

Paragraph 2 has been repealed by L 19.12.1986/971 .

§ 4 (19/121986/971)

In the context of the assessment of the State's revenue and expenditure, the amount of the interest rebate and the maximum amount of the interest rate loans for different purposes shall be decided annually.

§ 5

The general terms of the interest rate loans shall be fixed by the Ministry concerned.

The loan shall be approved by the interest rate and the interest rebate is carried out by the competent ministry or by the Agency, the institution or any other State authority. The Ministry may also entitle the holder of the loan to be approved by the Agency, the institution or authority, or the interest rebate. The payment of the interest compensation may also be entrusted to the Treasury. (30.11.2001/1112)

ARTICLE 6 (19/121986/971)

Paragraph 6 has been repealed by L 19.12.1986/971 .

§ 7

The credit institution and the relevant ministry or central office shall ensure that the loans are used for the purpose specified in the decision approving the loan in the interest rate loan.

The credit institution shall be obliged to provide the relevant State authority with the information necessary to establish whether the interest rate loans have been used for the approved purpose and the conditions of the loan are otherwise respected.

§ 8

Where the beneficiary of an interest rate loan has used the loan funds for a purpose other than that which they have been granted or, in the case of a loan, provided in the relevant paragraph, the amount of information which has been disclosed in the essential part of the loan, it shall not: In the case of a loan, after the borrower's practice has been established, the interest rebate referred to in Article 6. In such a case, the creditor shall pay the State the interest rebate which the State has paid for the loan from the date of its withdrawal, plus two per cent of the annual interest rate on the amount of the loan from the date of its withdrawal.

§ 9

More detailed provisions on the implementation of this law will be adopted by the Council of State if necessary.

ARTICLE 10

This Act shall enter into force on 1 January 1978. It repeals the Law of 31 December 1968 of 31 December 1968 on interest subsidy loans granted by the Postal Bank (761/68) With its subsequent modifications.

Before the date of entry into force of the law, interest rate loans granted from the Bank of the Postal Bank shall be subject to the provisions and regulations in force in the past.

Before the entry into force of the law, measures may be taken to justify the entry into force of the law referred to in this Act.

Entry into force and application of amending acts:

3.11.1978/8:
16.2.1979/173:
17.12.1982/944

This Act shall enter into force on 1 January 1983.

HE 161/82, yyyy. 73/82, svk.M. 181/82

5.12.1984/827:

This Act shall enter into force on 1 January 1985.

HE 165/84, yyyy. 70/84, svk.M. 123/84

19.12.1986-71:

This Act shall enter into force on 1 January 1987.

However, Articles 3, 4 and 6 shall apply until 1 January 1988 in the form in force before the entry into force of this Act.

HE 156/86, yyyy. 60/86, svk.M. 128/86

23.12.1988/1:

This Act shall enter into force on 1 January 1989.

HE 164/88, yyyy. 66/88, svk.m. 146/88

21.12.1990/1209:

This Act shall enter into force on 1 January 1991.

HE 193/90, yyyy. 71/90, svk.M. 232/90

ON 30.12.1992/1557:

This Act shall enter into force on 1 January 1993.

THEY 310/92 , TaVM 55/92

22.12.1994/1308:

This Act shall enter into force on the date specified in the Regulation. (1 January 1995 L 1308/1994 entered into force on 1 January 1995.)

THEY 164/94 , MmVM 16/94

20.4.2000:

This Act shall enter into force on 1 May 2000.

THEY 6/2000 , TaVM 4/2000, EV 39/2000

30.11.2001/1112:

This Act shall enter into force on 1 January 2002.

Before the law enters into force, measures may be taken to implement the law.

THEY 162/2001 , VaVM 23/2001, EV 153/2001