Ordinance on the Altschuldenhilfe-Gesetz (Altschuldenhilfe-AHGV)

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AHGV

Date of completion: 15.12.2000

Full quote:

" AltschuldenAid Ordinance of 15 December 2000 (BGBl. I p. 1734), as defined by Article 1 of the Law of 10 November 2008 (BGBl. I p. 2179).

Status:

Amended by Art. 1 G v. 10.11.2008 I 2179

For more details, please refer to the menu under Notes

Footnote

(+ + + Text evidence from: 1.1.2001 + + +) 

  

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Input formula

Due to § 6a of the AltschuldenAssistance Act, which is defined by Article 1 (3) of the Law of 28 August 2000 (BGBl. I p. 1304), the Federal Government is responsible for: Unofficial table of contents

§ 1 Additional discharge of legacy liabilities

(1) In addition to § 4 of the Altschuldenhilfe-Gesetz, eligible housing companies can be granted a relief amount in accordance with the available federal budget. It shall be used for the repayment of legacy liabilities and liabilities based on them and shall be calculated on the basis of the extent of the reduction in housing space. (2) The amount of the relief shall be granted only if:

1.

the vacancy, including the residential area since 1 January 1998, includes at least 15 per cent of the company's own living area when the application is lodged,

2.

the applicant, in its economic existence, is at risk as a result of the financial burden of unleased living space;

3.

the reduction in living space is a necessary part of a viable reorganisation approach for the applicant, taking into account the urban aspects in which the country participates and to which the credit institution contributes at least in the amount of the waiver of the compensation for the compensation,

4.

the vacancy rate, the company's risk of existence and the reorganisation concept are confirmed by an auditor and

5.

the credit institution shall declare its agreement with the redemption of liability in a legally binding way.

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§ 2 Calculation of discharge

The basis for the calculation is the partial discharge which has been reduced in accordance with Article 2 (1), second sentence, of the Altschuldenhilfe-Gesetz (Altliabilities Act), which has been recognised as a result of the old debt aid Act of 1 January 1994 The amount of the relief shall be calculated on the basis of the 8% reduction in the average length of the average of the total living area of the applicant, not more than 150 Deutsche Mark, multiplied by the number of the total area of the applicant ' s total living area. the square metre of the applicant's living area, which is to be demolised in accordance with Article 1 (2) (3) or which has been demolised since 1 January 2000. The amount of the relief shall not exceed the national contribution to the reorganization concept pursuant to § 1 para. 2 no. 3. Unofficial table of contents

§ 3 Application and deadline

Eligible for application are companies according to § 2 (1) (1) and (3) of the Altschuldenhilfe Act, which have received old-school assistance pursuant to § 4 or § 7 of the Altschuldenhilfe-Gesetz (Altschuldenhilfe-Gesetz). The application must be submitted in writing by the confirmations and declarations required pursuant to section 1 (2) (4) and (5) by 31 December 2003. Unofficial table of contents

§ 4 Requirement for the granting of benefits

A decision on the granting of the relief amount may take place before demolishment of the living area. The conditions for the granting of benefits are the completion of the demolition or the rebuilding of the respective building by 31 December 2013 at the latest and the fulfilment of the obligations of the housing company in accordance with § 5 of the Altschuldenhilfe-Gesetz or confirmation by the Kreditanstalt für Wiederaufbau, that the company does not have to represent the non-performance. Unofficial table of contents

§ 5 Entry into force

This Regulation shall enter into force on 1 January 2001.