Read the untranslated law here: http://www.gazzettaufficiale.it/atto/serie_generale/caricaArticoloDefault/originario?atto.dataPubblicazioneGazzetta=2015-04-02&atto.codiceRedazionale=15A02497&elenco30giorni=false&atto.tipoProvvedimento=DECRETO
The GROUP DIRECTOR of local finance having regard to act December 23, 2014, # 190 containing "Provisions for the preparation of annual and multiannual budget of the State (law of stability 2015)"; See, in particular, paragraph 540 art. 1, which reads: "in the estimate of the Ministry of the Interior and established a Fund, with a budget of EUR 125 million for the year 2016 and 100 million for each of the years from 2017 to 2020, aimed at granting an interest subsidy to municipalities, provinces and metropolitan cities out of borrowing operations turned in the year 2015 depreciation starts on January 1, 2016. By Decree of the Minister of the Interior, in consultation with the Minister of economy and finance, after consulting the State Conference-city and local governments, to be adopted by February 28, 2015, are established terms and criteria for the provision of interest subsidy referred to in the first sentence. "; Considered that the interest subsidy under art. 1, paragraph 540, Act No 190 of 2014, is provided by the Ministry of the Interior on behalf of municipalities, provinces and metropolitan cities that have enabled new borrowing operations, in the form of mortgage credit institutions authorised for investment expenditure in the year 2015, whose amortization shall commence from 1 January 2016; Considered that for investment expenses are those indicated in art. 3, paragraph 18, law n. 350 of December 24, 2003 (legge finanziaria 2004); Detected an obligation to acquire the required data in the legislative provisions invoked; Having regard to the provisions relating to dematerialization of administrative procedures of public administration involving, among other things, the digitization of documents, computerization of the processes of acquisition of acts and the simplification of such acquisition processes; Having regard to the Legislative Decree March 30, 2001, n. 165, as amended, laying down general rules on the sort of labour employed by public administrations; Felt, therefore, that the document to be adopted in the form of the decree in question is the approval of a certificate template, the contents of which have purely management; Acquired the opinion, with comments, of the State Conference-city and local authorities at its meeting of March 12, 2015; Considered in determining the method and criteria for the provision of interest subsidy, to join, in compliance with the provisions referred to, the observations of the Conference State-cities and local authorities.
Decrees: Art. 1 certification model 1. It approved the model set out in Annex A, which forms an integral part of this Decree, concerning the granting of an interest subsidy to municipalities, provinces and metropolitan cities out of borrowing operations enabled in the year 2015, whose amortization shall commence from 1 January 2016; 2. The model shall certify the amount of annual interest and any interest on pre-amortization related to the year 2015, due on debt operations enabled by the year 2015, based on the amortization schedule applicable on the date of signing of the debt. For variable rate debt operations regulated the amount of annual interest, should it be quantified with certainty, must be determined on the basis of the contractual interest rate applicable on the date of transmission of the model; 3. The quantification of annual contribution and interests of pre-depreciation, resulting in revenue funds allocated and the number of entities that are entitled to each year, will be ensured to the maximum extent of the mentioned funds. If the Fund is insufficient to cover the requests received the contribution is awarded through allotment of the Fund according to the criterion of proportional representation, which is based on the criteria of allotment that will be subject to agreement in the Conference State-City and local governments; 4. The annual interest rate, which is paid by the year 2016, and up to the year 2020, and in any case no later than the term of the repayment plan, is consolidated in the amount certified in the model passed in method and in the terms indicated in art. 2, except as provided by paragraph 3. Any variation in the data transmitted must be communicated in the same manner indicated in art. 2, to allow the restatement of its annual contribution cannot exceed interest burdens borne by the institution; 5. The annual interest rate is paid by the year 2016, and up to the year 2020 in two solutions of the same amount by April and October each year; 6. the fee on interest of pre-amortization related to the year 2015 it is disbursed in two equal solution by April and October 2016, in conjunction with the annual interest rate given in the same year;
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