Reference Rate Determined For The Period 1 January-June 30, 2015, In Relation To Variable-Rate Operations, Carried Out By Local Authorities Within The Meaning Of The Decree-Laws Luglio1986 1, # 318, August 31, 1987, # 359 And March 2, 1989, # 66, ...

Original Language Title: Tasso di riferimento determinato per il periodo 1° gennaio - 30giugno 2015, relativamente alle operazioni a tasso variabile,effettuate dagli enti locali ai sensi dei decreti-legge 1º luglio1986, n. 318, 31 agosto 1987, n. 359 e 2 marzo 1989, n. 66, ...

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The DIRECTOR GENERAL of the TREASURY having regard to art. 9 of Decree-Law 1 July 1986, no. 318, converted with amendments by law no August 9, 1986. 488, art. 9 of Decree Law August 31, 1987, # 359, converted with amendments by law no October 29, 1987. 440, and art. 22 March 2, 1989, Decree-Law n. April 24, 1989, converted with amendments, by law 66, # 144, under which it is left to the Secretary of the Treasury to determine periodically, by Decree, the maximum conditions or other terms applicable to loans to be granted to local authorities, in order to ensure uniformity of treatment; Visto l'art. December 28, 1989, 13 of the Decree-Law n. 415, converted with amendments by law No 38 February 28, 1990, which calls for the year 1990 the provisions on loans to local authorities referred to in art. 22 March 2, 1989, Decree-Law No. 66; Visto l'art. 13, paragraph 13, of the law March 11, 1988, n. 67, as amended by art. 4 of Decree-Law No March 4, 1989. 77, converted by law May 5, 1989, # 160, which provides for the State competition in payment of interest on mortgages that municipalities already engaged in the construction of railway systems passers-by are allowed to hire up to 700 billion lire for the partial funding of the works; Having regard to the decrees of June 28, 1989, of the June 26, 1990, March 25, 1991 and June 24, 1993 regarding the method of determination of the reference rate for mortgages referred to rules set out above, concluded at variable rates; Having regard to the Ministerial Decree of December 23, 1998 by which it is established that as of December 30, 1998, RIBOR rate is replaced by EURIBOR; Having regard to the Ministerial Decree of May 10, 1999, and, in particular, article. 4, which provides that the provisions of the Decree shall apply to loan agreements concluded after its entry into force; Having regard to its Decree dated June 30, 2004, which, for the purposes of determining the borrowing costs of adjustable-rate mortgages, the Bank has been replaced with that of the lira interbank rate; Having regard to its Decree dated January 13, 2005, which, for the purposes of this Decree, the "RENDIOB" has been replaced with that of "RENDISTATO"; Having regard to the measures of the three-month EURIBOR and EURIBOR ACT/365 ACT/360 in three months detected for November 2014 on Reuters 0.081 0.082% respectively, and%; Having regard to law No 69 June 18, 2009, containing "Provisions for the economic development, simplification, competitiveness and on civil process" and in particular art. 32, paragraph 1, concerning the publication of acts and administrative measures; Having regard to the extent of the average gross return of fixed-income securities, referring to November 2014; Having regard to the letter of March 15, 2013 and subsequent communication of December 2, 2014, with which the Bank of Italy, he suggested, as an alternative to the three-month interbank rate, (the parameter is available), to adopt the three-month EURIBOR, which ensures an acceptable continuity to the series of data and a decent homogeneity with the conditions applied to loans concluded in recent years; Considered the need to set borrowing costs for the operations referred to in Decree-Law March 2, 1989, # 66 and ministerial decrees of March 25, 1991 and June 24, 1993 concluded before May 29, 1999 and taking into account the recommendations contained in the aforementioned note by the Bank of Italy;
Decrees: Art. 1 1. For the period 1 January-June 30, 2015 the maximum cost funding to be used for mortgage operations referred to the laws mentioned in the introduction, adjusted variable rate is equal to 1.00% a) for the operations referred to in decree-laws 1 July 1986, # 318 and August 31, 1987, # 359, as well as those covered by the Act March 11, 1988 , # 67;
b) 0.90% for the operations referred to in Decree-Law March 2, 1989, # 66 and its implementing Decree of June 28, 1989;
c) 1.25% for the operations referred to in Decree-Law March 2, 1989, # 66 and its implementing Decree of June 26, 1990;
d) 1.25% for the operations referred to in Decree-Law March 2, 1989, # 66 and ministerial decrees of March 25, 1991 and June 24, 1993 stipulated by December 30, 1998;
e) 1.25% for the operations referred to in Decree-Law March 2, 1989, # 66 and ministerial decrees of March 25, 1991 and December 31, 1998 period stipulated in June 24, 1993-May 28, 1999. 2. The borrowing costs must be added the all-encompassing Commission from time to time in force during the period in which they were carried out the operations referred to in this Decree. The extent of the Commission remains fixed for the duration of the operation.