Decree Law 11 July 2011 104 - Extension Benefits Of Which At Law August 3, 2009 109 - Facilitated Credit Outstanding In Support Of Activities

Original Language Title: Decreto Legge 11 Luglio 2011 N.104 - Proroga Benefici Di Cui Alla Legge 3 Agosto 2009 N.109 - Credito Agevolato Straordinario A Sostegno Delle Attivit

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REPUBLIC OF SAN MARINO REPUBLIC OF SAN MARINO DECREE - LAW July 11, 2011 104 We the Captains Regent of the Most Serene Republic of San Marino Having seen the referred to in Article 2 need or emergency conditions, paragraph 2, point b) of the Constitutional Law 15 183 of December 2005 and Article 12 of the Qualified Law 184 of 15 December 2005, namely the need and urgency to extend the eligibility period to the benefits of Law 109 of August 3, 2009 in order to maintain the credit instrument facilitated businesses as an incentive measure for investments, the roots of businesses in the area and increased employment; Given the decision of No. 3 State Congress adopted in the sitting of 27 June 2011; Having regard to Article 5, paragraph 2, of the Constitutional Law no. 185/2005 and Article 9 and Article 10, paragraph 2, of the Qualified Law n.186 / 2005; Promulgate and publish the following Decree-Law: EXTENSION OF BENEFITS OF THE LAW August 3, 2009 109 EASY CREDIT EXTRAORDINARY IN SUPPORT OF ECONOMIC ACTIVITIES Art. 1 Subject to the maximum amount payable financing referred to in Article 1, paragraph 2, of the Law 109 of August 3, 2009, the period referred to in Article 5, paragraph 1 thereof and in Article 1, first paragraph, the related Regulations of 22 October 2009 n. 2, already patched with Article 27, paragraph 2, of Law 168 of 21 December 2009, Article 24 of the Decree - Law 172 of 26 October 2010 and Article 1 of Decree - Law 24 February 2011 42 shall be extended to 31 December 2011. Art. 2 based on the experience of application of incentive norms of the Law no. 109/2009, assessed the current economic environment and heightened requirements of consolidation and strengthening of businesses are eligible, even notwithstanding the provisions of Article 4 of Law 109/2009, the projects and requests for access to benefits which provide for the implementation, from 2011, of precise plans aimed at increasing employment in a maximum period of three years employment undertaking or who are at theses maintain a stable level of employment for a minimum period of 5 years. Failure to comply with employment plans referred to in the preceding paragraph involves the loss of the benefits under Article 7 of the Law n.109 / 2009, as amended. Notwithstanding Article 6, paragraph 1, of the Law n.109 / 2009 and subsequent amendments the maximum amount of funds payable under this Article shall be equal to EUR 2 million and the interest subsidy paid by the State in derogation paragraph 2 of that article is defined by the Evaluation Committee held employment commitment account and up to a maximum of 80%. Remain valid and all other applicable provisions of the Law n.109 / 2009 and subsequent additions and changes effectively. Art. 3 If the applicant enterprise access to benefits does not possess at the time of the request the minimum requirements for the funding provided for in Article 3 of Law no. 109/2009 and subsequent amendments, but the development being among those eligible for funding under Article 4 of the Directive and Article 2 of this Decree - Law, the Evaluation Committee may decide admission to the benefits by making the disbursement of the loan the implementation of the necessary adaptation measures to these requirements within a maximum of 6 months from the resolution for approval. Given at Our Residence, this day of July 11 2011/1710 THE CAPTAINS REGENT Maria Luisa Berti - Filippo Tamagnini THE SECRETARY OF STATE FOR INTERNAL AFFAIRS Valeria Ciavatta

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