Amendments To The Cabinet Of Ministers On 15 September 2009. Regulations No. 1065 "rules On Loans To Small (Micro), Small And Medium Business Operators And The Agricultural Service Cooperative Society Development"

Original Language Title: Grozījumi Ministru kabineta 2009. gada 15. septembra noteikumos Nr. 1065 "Noteikumi par aizdevumiem sīko (mikro), mazo un vidējo saimnieciskās darbības veicēju un lauksaimniecības pakalpojumu kooperatīvo sabiedrību attīstības veicināšanai"

Read the untranslated law here: https://www.vestnesis.lv/op/2015/202.13

Cabinet of Ministers Regulations No. 588 in 2015 (13 October. No 54 21 §) amendments to the Cabinet of Ministers on 15 September 2009. Regulations No. 1065 "rules on loans to small (micro), small and medium business operators and agricultural service cooperatives development" Issued under the Cabinet of Ministers Act article 31 equipment, first paragraph, point 3 to make the Cabinet of 15 September 2009. Regulations No. 1065 "rules on loans to small (micro), small and medium business operators and agricultural service cooperatives development" (Latvian journal 2009, no. 154; 2010, no. 162; 49. in 2012, no; 246. no 2013; 2014, 149., 255. No.) the following amendments: 1. provisions be supplemented by 5.3 points in the following: "public" Viola "5.3 investment loan granted to finance the loan of eur 10 000 000, consistent with the laws of State lending and servicing arrangements, without the risk of the loan interest rate. The loan is granted in the form of a credit line, and its purpose is long-term financing of investment projects in accordance with the procedure laid down in these rules. " 2. Make paragraph 6 by the following: "6. This rule 7.1, 7.2 and 7.3. referred to economic operators working capital loans and investment loans contract end date is 2020 December 31." 3. Express and 10.3 10.2 subparagraph by the following: "10.2. then, at the time applications are submitted, these rules 14, 15 or 21. above the loan, with the judgment of the Court of Justice has declared insolvency or legal protection is implemented in the process, with the decision of the Court is an out-of-court redress process, has launched bankruptcy proceedings, suitable for rehabilitation or composition, its economic activity is terminated if it meets the legal criteria to request creditors to request the opening of insolvency proceedings; 10.3. it is the application of the provisions referred to in point 22 of the loan correspond to ailing economic operator status: 10.3.1 Corporation – a corporation or limited liability company (except for the small and medium enterprises, which has been in existence for less than three years), accrued losses has lost more than half of its subscribed capital, if the accumulated losses, the report from the reserves and other items that make up the public equity a negative result occurs in more than half of the subscribed capital, including shares premium; 10.3.2. the company, in which some members have unlimited liability for the company's indebtedness, the general partnership or limited partnership (except for the small and medium enterprises, which has been in existence for less than three years), accrued losses has lost more than half of the public accounting report shows capital; 10.3.3. it is declared by a Court of insolvency proceedings or the legal protection is implemented in the process, with the decision of the Court is an out-of-court redress process, has launched bankruptcy proceedings, suitable for rehabilitation or composition, its economic activity is terminated if it meets the legal criteria to be required, at the request of creditors in insolvency proceedings; 10.3.4. it has received rescue aid and still not pay off the loan or the guarantee reference or is it received restructuring aid and is still subject to the restructuring plan; 10.3.5. it does not correspond to the small and medium business status and the last two years the company's debt and equity book value ratio is exceeded, as well as undertaking 7.5 interest coverage ratio, which is calculated after the company's earnings before interest, taxes, depreciation and amortisation (EBITDA), deductions have been smaller than 1.0. " 4. Add to paragraph 14.2. and 21 points behind the words "does not grant the industry" with the words "and activities". 5. Express 27. and 27.1 second sentence by the following: "investment loan term – up to 15 years with the possibility of repayment period be extended to five years, if warranted." 6. the supplement V to 37.1 and 37.2 points as follows: "If the economic operator 37.1 simultaneously also works to Commission Regulation No 1407/2013 article 1, paragraph 1," a "," b "or" c ", laid it in accordance with Commission Regulation No 1407/2013 article 1, paragraph 2 of the chapter activities or costs. 23.1 the company "Viola" and economic analyst information on de minimis aid granted in conformity with Commission Regulation (EC) No 1407/2013, for 10 years from the date of granting of the aid. " The Prime Minister is the Rapidity of the farming Minister Newsletters John of Dūklav