SAN MARINO

DECREE - LAW 28 April 2011 67
(Ratification Decree - Law 24 March 2011 n.42)


We the Captains Regent of the Most Serene Republic of San Marino

The Decree - Law 42 of March 24, 2011 - "Extension of benefits under Law 109 of August 3, 2009
- Facilitated Credit outstanding in support of economic activities", promulgated:
Against this backdrop of urgency and necessity of art. 2, paragraph 2, point b), of the Constitutional Law
15 December 2005 n. 183 and art. 12 of the Qualified Law 15 December 2005 n
. 184, namely the necessity and urgency of extending the period of eligibility
to the benefits of Law August 3, 2009 n. 109 in order to include even those
investments that have not been able to perfect on time;
Given the decision of the State Congress adopted in the sitting of 6
18 February 2011;
Given the amendments to the above Decree in connection with ratification of the same by the Great and General Council
its meeting on 27 April 2011;
Having regard to Articles 8 and 9, paragraph 5, of the Qualified Law n.186 / 2005; We
promulgate and publish the final text of the Decree - Law 24 March 2011 n.42
as amended as a result of the amendments approved by the Great and General Council
home to ratification:


EXTENSION OF BENEFITS OF THE LAW August 3, 2009 109
- EASY CREDIT EXTRAORDINARY IN SUPPORT OF ECONOMIC ACTIVITIES



Art. 1

Without prejudice to the maximum amount of loans payable under Article 1, paragraph 2, of the Law
August 3, 2009 n.109, the period referred to in Article 5, paragraph 1 of the same and of which
Article 1 first paragraph of the related Regulations of 22 October 2009 n. 2, already
modified with Article 27, paragraph 2, of Law 168 of 21 December 2009 and 24 of
Decree Law 172 of 26 October 2010, shall be extended to 31 March 2011. | ||
Art. 2

The questions relating to the funding of the projects referred to in Article 4, paragraph 2, letter
e) of Law 109 of August 3, 2009, are also eligible in the absence of the requirements of
'Article 3, paragraph 2, of the Act.
In the cases referred to in the preceding paragraph, the request may be submitted by costituende
not yet operating companies or individuals who wish to acquire the company.
The subjects referred to in the second paragraph presenting the instance
must still meet the remaining requirements of the Law n. 109/2009 and subsequent amendments therein
including the presentation of the company's project. The disbursement of the loan is still
subject to the completion of the procedures for acquiring the company or business unit and
start economic activity.
In the cases covered by this Article shall be financed investment tended purchase
company or branch of the company has any further investment detectable by the project company
fall within the types provided for in Article 4 Law no. 109/2009.


Art. 3
After paragraph 12 of Article 2 of Law 109 of August 3, 2009 The following is inserted paragraph 13
:
"13. The official referred to in paragraph 7 b) assumes the Vice President
functions. In case of absence or incapacity of the President, the Vice President may convene
sessions of the Evaluation Committee and preside subscribe records and relevant resolutions. ".


Given at Our Residence, this day of 28 April 2011/1710 dFR


THE CAPTAINS REGENT
Maria Luisa Berti - Filippo Tamagnini





THE SECRETARY OF STATE FOR INTERNAL AFFAIRS Valeria Ciavatta