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Government Decree On The State And On A State Guarantee Covering

Original Language Title: Valtioneuvoston asetus valtion lainanannosta sekä valtiontakauksesta ja valtiontakuusta

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Government Decree on State lending, State guarantee and State guarantees

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The presentation of the Minister for Finance of 20 May 1988 is governed by the law on State lending and guarantee (449/88) Pursuant to:

ARTICLE 1
Scope

This Regulation shall apply to a State guarantee granted on the basis of the State loan granted in the statement of revenue and expenditure of the State and on the basis of the consent of the Parliament.

The provisions of this Regulation shall apply only if the law or other regulation does not provide otherwise.

The fees charged for the management of State loans, as well as the charges for State guarantees, are laid down separately.

ARTICLE 2 (12/122001/1253)
Minimum loan threshold

The amount of the loan from the State resources shall be at least eur 1 700.

ARTICLE 3
Amount of loan funds

The disbursement of the loan shall be carried out in accordance with the progress of the project to be lent or the expenditure financed by the loan.

§ 4
Monitoring the use of borrowed funds

The authority which granted the loan must monitor the use of borrowed funds and compliance with the terms of the loan.

§ 5
Additional interest rate

Pursuant to Article 7 of the Law on State lending and State guarantee, an additional interest rate must be paid on the basis of the difference between the interest rate of 16 % and the rate of interest on the loan terms, calculated from the date of withdrawal of each loan from the date of payment; Or the prescribed date of repayment.

ARTICLE 6 (12/122001/1253)
Collection of low performance

The unpaid interest, interest on late payment or any other payment may be recovered on the following maturity date of the loan, if the amount does not exceed EUR 34 and, in the case of the last instalment, not to be recovered if they do not exceed EUR 3.

§ 7
Interest to be recovered from the deferral

An annual interest rate of 10 % shall be charged to the suspension of the interest and abbreviation of the loan to be suspended by a decision of the managing authority.

§ 8
Forced auction

In the case of the foreclosure of the State loan or State guarantee, the State shall be represented by the authority which manages the loan, which may, where appropriate, transfer the authority to another authority. The temporary administration of the immovable property which has become part of the state of foreclosure is carried out by the government and the managing authority for the management of other assets.

§ 9
Loan accounts

At the latest by the day following the date on which the mfi is open to the public, MFIs shall carry out the loans they receive in respect of loans to the post office of the managing authorities at the latest.

ARTICLE 10
Entry into force

This Regulation shall enter into force on 1 June 1988.

Entry into force and application of amending acts:

12.12.2001/12531:

This Regulation shall enter into force on 1 January 2002.

Before the entry into force of the Regulation, measures may be taken to implement it.