Us Captains Regent of SAN MARINO the most Serene Republic of San Marino having regard to article 4 of the constitutional law No. 185/2005 and article 6 of the Act Qualified # 186/2005;
Promulgate and send to post the following ordinary law approved by the great and General Council at its meeting of December 20, 2016:21 DECEMBER 2016 LAW # 144 BUDGETS of the STATE and public entities for the financial year 2017 and MULTIANNUAL BUDGETS 2017/2019 title I PROVISIONS for BUDGET MANAGEMENT Art. 1 (State budget) 1. February 18, 1998 in accordance with article 18 of the law # 30 was adopted, in terms of competence, the State budget for the financial year 2017 (annex "A"): estimates the entry Title 1-€421,300,800.00 2-extratributarie €69,888,570.00 Revenues revenue Title 3 Title-Alienation, depreciation of assets and repayments of loans €409,000.00 4-Title revenues by 5-€29,779,354.51 Title loans grand total Revenue €555,087,724.51 €33,710,000.00 round matches estimates 1 Title output-current expenditure €478,240,007.05 Title 2-capital expenditures €30,375,420.00 Title €12,762,297.46 Title 4 3-repayment of loans-€33,710,000.00 grand total €555,087,724.51 Outputs round matches Art. 2 (budget estimate. A.S.L.P.)

1. In accordance with article 18 of the law February 18, 1998 # 30 was adopted, in terms of competence, the budget of the Autonomous status for public works for the financial year 2017 (annex "B"): estimates the entry Title 1-€21,551,000.00 2-€5,000.00 capital Revenue Title current revenue Title 4-special Accounting €750,000.00 revolution 6-Title Matches €10,783,000.00 grand total Revenue €33,089,000.00 estimates of the output 1 Title 2-Title €8,606,000.00-current expenses extraordinary expenses €12,800,000.00 Title 3-expenditure on Special €750,000.00 €150,000.00 5 capital expenditures Accounting 6-Title Title-round matches €10,783,000.00 grand total €33,089,000.00 Outputs Art. 3 (budget estimate. A SERIGRAPHIC FIRM)

1. In accordance with article 18 of the law February 18, 1998 # 30 was adopted, in terms of competence, the budget of the Azienda Autonoma di Stato for public services for the financial year 2017 (annex C): estimates the entry Title 1-2 Title-current revenue capital €66,873,000.00 €17,260,000.00 Title €95,170,000.00 Title 5-3-special Accounting €3,973,000.00 revolution matches grand total Revenue €183,276,000.00 estimates current Outputs output 1-2 Title-Title €55,103,600.00 movement of capital outlay capital €29,614,800.00 €89,015,000.00 4-Title 3 Title special Ledger-exceptional costs €//Title 5-Total €3,973,000.00 2 €177,706,400.00 Outputs round matches. Azienda Autonoma di Stato for public services is authorised for the financial year 2017, to use their reserves up to euro 18,870,000.00 for funding of planned investment works, including those relating to the investments made on behalf of the State whose burdens are borne of A. A SERIGRAPHIC FIRM.
3. The Azienda Autonoma di Stato for public services is authorized for the year 2017, to conduct a financial reserve of € 1,300,000.00 destined to "navigation Background A.T.".
4. The Azienda Autonoma di Stato for public services is authorized for the year 2017, to make a provision for risks and charges € 800,000.00 against any bad debts.


Art. 4 (estimated budget C.O.N.S.)

1. In accordance with article 18 of the law February 18, 1998 # 30 was adopted, in terms of competence, the San Marino national Olympic Committee's budget for the financial year 2017 (annex D): estimates the entry Title 1-Title 2-extraordinary income €4,120,000.00 €2,525,000.00 current revenue Title 4 Miscellaneous revenue Title 3-€317,950.00-5-Entry capital €80,000.00 €132,000.00 round matches Title CONS Total General Revenue €7,174,950.00 estimates of the output 1-2 €4,716,450.00 current expenditure Title Title-special charges €2,244,000.00
Title 3-non-shareable capital expenditures €80,000.00 €2,500.00 4-Title 5 Title-repayment of loans €//Title 6-€132,000.00 grand total €7,174,950.00 2 Outputs round matches. The State Congress is authorized to provide for advances the contribution for the year 2017 4,200,000.00 euros to Olympic S referred to in article 9 of the law September 30, 2015 # 149.


Art. 5 (budget Secretary Arne Duncan's remarks)

1. In accordance with article 18 of the law February 18, 1998 # 30 was adopted, in terms of competence, the budget of the Institute for social security for the financial year 2017 (annex "E"): estimates the entry Title 1-Financing Health care activities and Financing activities 2-Title €84,290,000.00 Health insurance €219,617,000.00 Title 3-revenue from administrative tasks, techniques and General Services €4,129,611.99 Title 4-income from alienation of assets €1,000.00 Title €12,928,388.01 Title 6 funds 5-acquisition-matches Total Revenue €339,749,000.00 €18,783,000.00 turning estimates 1 output current Outputs 2-Title Title-€318,766,000.00 capital €2,200,000.00 Outputs Title 3-repayment of €//4-Title matches of round €18,783,000.00 grand total €339,749,000.00 2 Outputs. Within the meaning and for the purposes of article 26, third paragraph, of the Law # 112 December 20, 2002 the State Congress is authorized to provide to the Institute for social security, for the year 2017, an Endowment Fund for health care and for the financing of social and health service, to be charged on Chapter 1-10-4590, the extent of euro 67,500,000.00.
3. lump sum recovery responsibility of Secretary Arne Duncan's remarks concerning allowances pensions paid in correlation to the March 8, 1927 Law # 7 referred to in Chapter 10 is established 1080 insofar as per cent of the amount recorded on the chapter 1-3-2670.
4. Any charges referred to in paragraphs 48 and 49 May 20, 1996 Decrees for the financial

2017 are allocated on the chapter 1-3-2490 or on capp. 1-3-2470 and 1-3-2480.
5. A partial amendment of article 6, third paragraph, of the law # 184 November 28, 2011 transfer for restoration of mutual fund risk Reserve due on Chapter 1-10-4705, for the years 2017-2019, is fixed in the amount of euro 3,000,000.00 for each year.


Art. 6 (estimated budget University) 1. February 18, 1998 in accordance with article 18 of the law # 30 was adopted, in terms of competence, the budget of the University for the year 2017 (annex "F"): estimates the entry Title 1-2 Title-current revenue capital Revenue €85,500.00 €5,590,280.00 Title 3-Total Revenue €6,453,780.00 €778,000.00 round matches estimates 1 Title output-current expenditure Capital Expenditure €100,000.00 €5,575,780.00 Title 2-Title 3-Total Outputs €6,453,780.00 €778,000.00 tour matches Art. 7 (budget Civil Aviation Authority forecast and maritime navigation) 1. February 18, 1998 in accordance with article 18 of the law # 30 was adopted, in terms of competence, the budget of the authority for civil aviation and maritime navigation for the year 2017 (Annex G): estimates the entry Title 1 – current revenue €686,500.00 2 Title – extraordinary receipts €//3 €30,000.00 4 – Title – Title Special Accounting capital €//Title 5 – Total Revenue €785,000.00 €68,500.00 Round matches General estimates of the output 1-2 Title-Title €395,500.00 current expenditure capital expenditure € capital €275,000.00 16,000.00 3 Title-Title 4 – 5 – Special Accounting €68,500.00 Revolution Title matches €30,000.00 grand total €785,000.00 Outputs Art. 8 (estimated budget of the State Agency of the games) 1. In accordance with article 18 of the law and article 10 February 18, 1998 law # 30 December 27, 2006 # 143 is approved, in terms of competence, the budget of the State Agency for the financial year 2017 (Annex H): estimates the entry Title 1 – current revenue €199,500.00 2 Title – extraordinary receipts €//Title 4 – movement of capital €//Title 5 – Total Revenue €226,000.00 €26,500.00 Round matches General estimates of the output 1-2 Title-Title €195,000.00 current expenditure outlays Capital €4,500.00 capital €0.00 3-5 Title Title – lots of Fun €26,500.00 grand total €226,000.00 Outputs Art. 9 (transfers Placed San Marino S.p.A.)

1. authorized transfers Are included in the State budget with Poste San Marino S.p.A.
on the basis of the budget Budgetary Post Office San Marino S.p.A. for the year 2017 (annex "I"): Grand total grand total €5,276,500.00 €6,071,630.00 Revenues €795,130.00 Imbalance Costs 2. On the chapter 1-3-2615 "Contest of the State Postal Administration draw San Marino S.p.A." is earmarked for 2017 the amount of euros 795,130.00 which competition up the State to balance the management of Poste San Marino S.p.A.
3. On chapter 1-3-2616 "compensation fund for postal discounts" is earmarked for 2017 the amount of euro 190,000.00 which maximum refund from the budget of the State for the tariff concessions granted by Poste San Marino S.p.A., pursuant to article 22 of Decree Director June 26, 2013 # 68.


Art. 10 (multiannual Budgets) 1. In accordance with articles 2 and 34 of the Act February 18, 1998 # 30 are adopted, in terms of competence, the following annual budgets for the period 2017-2019:1)-annual budget of the State (annex "L");
2) annual budget of Autonomous status for public works (Appendix "M");
3) annual budget of Azienda Autonoma di Stato for public services (Appendix "N");
San Marino national Olympic Committee 4) multiannual budget (Annex O) 5) annual budget of the Institute for social security (annex P);
6) annual budget of the University (Appendix Q);
7) annual budget of the authority for civil aviation and maritime navigation (annex "R");
8) annual budget of the State Agency of the games (Annex S).


Art. 11 (accounting provisions related to the budget) 1. With the approval of the financial statements are authorised and committed automatically compulsory expenditure due to staffing, salary costs for mortgage amortization installments, interest and related charges, as a result of the execution of contracts or legal regulations, as per Annex "T".


Art. 12 (A.A.S.L. P work Programs and investment spending bill # 67/2015) 1. Ordinary and extraordinary maintenance interventions, on public works and infrastructure, financed through appropriations respectively on the chapter 1-5-2600 "A.A.S.L.P. routine maintenance expenses Endowment Fund" and on the cap. "A.A.S.L.P. 2-5-6444 Endowment Fund for extraordinary maintenance costs" shall be carried out in compliance with the annual planning A.A.S.L.P. defined in agreement with the Secretary of State for the territory and environment , agriculture and relations with the A.A.S.L.P.
2. The State Congress has the provision of monthly allowances of this appropriation of endowment capital for labor due to that Company, in chapters 1-5-2590 and 2-5-6443.
3. The appropriations on the chapter 2-5-6630 "A.A.S.L.P. Endowment Fund for financing spending bill # 67/2015 for provision of infrastructure and public works in the territory" as from the financial year 2016, are recorded in the General Statement as passive residues in successive financial years though not yet designed.
4. the appropriations in Chapter 2-5-6630 "A.A.S.L.P. Endowment Fund for financing spending bill # 67/2015 for provision of infrastructure and public works in the territory" 2016 financial year not yet intended by the State Congress are, notwithstanding the provisions of article 1 of law No 67/2015, intended to finance investment works of A.A.S.L.P. for the year 2017, up to the amount of euro

3,500,000.00. Within the same appropriation € 400,000.00 are intended for protection and management of the historic centre of San Marino and Mount Titano. It is the exclusive competence of the State Congress define the execution of public works and interventions which must ensure – directly or indirectly – Azienda Autonoma di Stato for public works. Following the adoption of the resolutions of the Congress of the State of destination of investments those funds will be placed in and out in the estimated budget of A.A.S.L.P.


Art. 13 (financing of political parties and movements) 1. Until otherwise provided the State contribution to be granted to political parties and political movements is reduced to the extent of 10%.
2. For the year 2017 the State contribution to be granted to political parties and movements of euro 1,253,995.93 is therefore set at euro 1,128,596.33. The above sum is imputation on the chapter 1-2-1450.


Art. 14 (provisions relating to funds allocated to the operation of the municipal councils) 1. The State Congress has reserved the right to proceed on a proposal of the General Council of the municipal councils, the allocation of funds among the chaps. 1-2-3810 "Fund for operation and the fees of the municipal councils" and 2-2-7280 "Quota contribution municipal councils intended for purchase of tangible fixed assets".
2. For the purposes of article 32 of the law September 27, 2013 # 127, A.A.S.L.P. is authorized to make available to the municipal councils the sum of euro 430,000.00 from the relevant chapters of the budget of the company itself. The A.A.S.S. is authorized to make available to the municipal councils the sum of € 70,000.00 due on relevant chapters of the budget of the company itself to the realization of systems of public lighting in the castles using methods of saving and low consumption.
3. Article 34, paragraph 3, within the meaning of Act No 127/2013, the year 2017 the amount of the fees for the service provided by the captain of the Castle and the Secretary of the Board and of the attendance fees of the captain of the Castle, the Secretary of the Board and of the members of the junta is defined to the extent and under the terms established by article 17, paragraph 3, of law December 23, 2014 # 219.
4. The fees and charges referred to in the first subparagraph are tokens on the chapter 1-2-3810 and sums not paid on that basis by the junta of the castle may be employed by the Government itself in order to finance its activities and its operation.


Art. 15 (Chamber of Commerce) 1. By way of derogation from article 3 of the law May 26, 2004 # 71, the financial contribution in favor of the Chamber of Commerce, for the fiscal year 2017, is fixed in euro 80,000.00 with imputation on Chapter 1-4-3755 "financing Chamber of Commerce (article 3, law No 71/2004)".


Art. 16 (acquisition of funds and liquidity management measures) 1. The State Congress is authorized to enter into loan agreements with major banks, as a priority, San Marino, and/or with Broader Public sector entities to provide cash advances in the form of preliminary overdraft facility openings when the mortgage balance of the fiscal year 2017 and to meet any temporary cash deficiencies in accordance with articles 30 and 31 of the Act February 18, 1998 # 30. The State Congress is also authorised to enter into loan agreements with major banks, as a priority, San Marino, and/or repayment agreements with public sector entities Widened for ignition of the mortgage to breakeven for the year 2017 and/or meet any temporary cash deficiencies or alternatively to issue public debt.
2. any agreements referred to in the preceding subparagraph requires Congress to publish State and quarterly reporting to the Permanent Council Commission finances and budgeting; Crafts, Industry, Commerce;
Tourism, services, transport and communications, work and cooperation.
3. On chapter 1-3-2760 "interest expense on loans, advances and overdrafts" imputation are borrowing for the year 2017 relating to cash advances referred to in the first subparagraph 1.


Art. 17 (Agreements for concessional loans) 1. The State Congress is authorized to negotiate conventions, for the year 2017, with banks available for the provision of low-interest loans referred to in the paragraphs below, in so far as they expected, and their consequent burden borne by the State, even for existing loans, on relevant items of expenditure: a) preferential agreements on Agriculture law and the law # 22 September 20, 1989 March 11, 1981 # 96 overall, up to the amount of euro 2,500,000.00.
Will have priority access to preferential arrangements with farmers who use organic farming or exclude the use of pesticides, fertilizers and other chemicals;
b) preferential agreements for students of law and Decree # 5 January 21, 2004 Director September 26, 2013 # 126, up to the total amount of euros 155,000.00;
c) preferential agreements for removal of architectural barriers in article 154 of the law July 19, 1995 # 87, up to the amount of euro 250,000.00;
d) preferential agreements to companies for the research of law decree # 19 January 27, 2006 and December 1, 2006 Delegate # 126, amended by Decree # 126 December 20, 2007 Delegate and Delegate March 10, 2008 Decree # 44, up to the amount of euro 5,000,000.00, paying particular attention, in the five-year programme for research referred to in article 4 of the Law # 19 January 27, 2006 those companies engaged in the redesign of the produced materials with a view to their total recoverability, efficiency of resource consumption and the prevention of waste;
e) packing for subsidized credit undertakings referred to Decree July 24, 2013 Delegate # 93, up to the amount of euro 8,000,000.00; packing for subsidized credit to companies referred to in article 11 of the Decree # 162 November 3, 2015 Delegate up to the amount of euro 40,000,000.00. Charges for

the interest expense for the year 2017, will find imputation on Chapter 2-4-7226 "interest subsidy and overdraft fees for the interventions in support of economic activities". The indictment also charges chapter are predicted as referred to in article 4, point d) of law December 4, 2015 # 178, the charges provided for in article 30 of Decree # 187 November 10, 2014 Delegate and charges referred to in article 11 of the Decree Deputy # 162/2015;
f) charges for the year 2017 for the interest subsidy from the State of law March 31, 2015 # 44 find imputation on Chapter 2-4-7435 "contribution from the State tax on interest for construction loans and eliminating architectural barriers". The chapter also charges for past loans are charging.
2. pursuant to article 9 of law August 3, 2009 # 109 on the chapter 2-4-7227 "interest rate subsidies and fees for account extraordinary credit subsidies in support of economic activities (Law No. 109/2009)" for the year 2017 is allocated the amount of EUR 450,000.00, for charges related to previous loans.
3. On capp. 2-4-7225 tourism sector financing operations – commercial "and" contribution to g/2-4-7220 to interest soft loans to businesses (l.n. 139/1985-l. n. 13/1993-l. n. 35/1996) and financial incentives under Art. 6, law No 134/1997 "continue to find previous loans. charges allocation
4. in order to promote the recovery and enhancement of centres and centres, buildings historical, environmental and cultural interest as well as of the artifacts found in UNESCO, the effects of the Decree Delegate May 5, 2010 # 86 and # 87 May 5, 2010 Delegate Decree shall be extended to the year 2017; for this purpose, the deadline for submitting applications for the enjoyment of the benefits hereunder is established on October 31, 2017.
5. The appropriation provided for the chapter 2-5-6640 "contribution from the State tax on interest and loans for recovery of centers and historic groups" is also intended to finance the residual charges relating to interest rate subsidies from the State for loans acquired in the past relating to the recovery of the historic core of Montegiardino.


Article 18 (promotions and incentives in the energy sector) 1. On the chapter 2-5-6435 called "Fund for interventions aimed at saving energy and water, the production of energy from renewable sources and the reduction of pollution sources" is expected for the financial year 2017, an appropriation of euro 50,000.00 tended to finance: a) the additional costs referred to in article 7, the second, third and fourth subparagraphs, of the Decree of June 25, 2009 Delegate # 89 and subsequent amendments , supported by the Azienda Autonoma di Stato for public services;
b) the additional fees and charges aimed at energy saving, water-related interventions and the production of energy from renewable sources covered by the Act May 7, 2008 # 72 and its implementing decrees delegates as amended;
c) interventions for the development of a sustainable mobility plan with the use of electrically-propelled vehicles.


Art. 19 (extraordinary measures aimed at upgrading the energy efficiency of existing housing stock) 1. To reduce energy consumption for winter heating and summer of existing buildings and reduce pollutants and emissions of greenhouse gases in the atmosphere, and water consumption and national costs for energy supply, in line with forecasts of the current PEN and in implementation of commitments arising from United Nations Framework Convention on climate change on the chapter 2-5-6438 "Fund for extraordinary measures aimed at the rehabilitation of heritage buildings" is expected for the financial year 2017, an appropriation of € 60,000.00 tended to finance the energy upgrading of heritage buildings as required by Law and decree # 48 January 26, 2015 Delegate April 3, 2014 # 5.


Art. 20 (Fund for interventions aimed at the rehabilitation of buildings and installation of FER) 1. It established the chapter 2-5-6434 "Fund for interventions aimed at the rehabilitation of buildings and installation of FER" pursuant to article 36 of Decree # 126 August 30, 2016 Delegate with an appropriation for the year 2017 by euro 300,000.00 tended to finance the energy upgrading of heritage buildings as required by Law and by the abovementioned Decree # 48 April 3, 2014 August 30, 2016 Delegate # 126.


Art. 21 (provisions for the use of funds for international partnership development) 1. Referring to the ongoing negotiations aimed at signing of an association agreement between the Republic of San Marino and the European Union, the money spent on capp. 1-1-1810 "charges for developing relations with the European Union and the European economic area", 1-1-1825 "expenses for initiatives related to the activities of European and international bodies" and 1-1-1970 "charges for international relations" will be used mainly to cover expenditure related to consultancy, agreements with external partners with including any travel and accommodations, travel expenses of officials for the purpose of negotiating meetings and promotion activities and training.


Article 22 (Extending diplomatic conventions) 1. In accordance with article 9 of Act July 30, 2012 # 100 and pending the approval of the law amending the law September 16, 1993 # 105, compensation provided to diplomatic agents belonging to the diplomatic career remain governed by conventions existing at the time of entry into force of Act July 30, 2012 # 100 or, if the State Congress adopted or to act after that date new assignments of tasks , are regulated by conventions adopted with resolution nominating Convention. The validity of such conventions shall be extended until the conclusion of the process of the adoption of the Act amending the law No. 105/1993.
2. The emoluments provided for by the conventions on diplomatic and consular representatives be career, not in force at the date of entry into force of Act July 30, 2012 # 100 for which are not subsequently intervened resolved otherwise by the State Congress, means extended until December 31, 2017, notwithstanding several deliberations eventually assumed by the State Congress in 2017.



Article 23 (fees for summer time) 1. On the chapter 1-6-4860 "Expense for summer time" is provided for an appropriation for the year 2017 15,000.00 euro.
2. Find imputation on the chapter referred to in the preceding subparagraph 1 expenditure arising from the organisation of activities related to the training of "summer time", aimed at students of the school involved. The same chapter also partial repayments shall be charged to the entitled, dues to these initiatives.

Art. 24 (socio educational Programming) 1. Delegated Decree will be disciplined usage patterns of resources on Chapter 1-6-4810 "expenses from contractual agreements with private early childhood services (l. n. 69/2004)" for accredited private entities referred to in article 1 of Decree No 115 August 4, 2008 Delegate for the extended offer of educational and welfare services for early childhood.
2. The amount of the contribution of the State referred to in the preceding paragraph will be determined taking into account the operating costs and tax burdens for employees with social and educational functions supported by individuals accredited.

Article 25 (interventions in support of disability) 1. In order to pursue the objective of equal opportunities, with the participation of representative associations of volunteers and people with disabilities on chap. 1-10-2397 "Fund for disability assistance" is provided an appropriation, for 2017, euro 100,000.00 destined to the creation of what is provided and governed by the plan that will be prepared by the Secretariat of the competent State.

Art. 26 (Solidarity Fund for social care benefits and social welfare management deficit financing) 1. In keeping with the principle of solidarity introduced by article 3 of law December 20, 1990 # 156 "Solidarity Fund for social care services", in the year 2017 on 10% of the balance of the compensation fund provided for in article 14 of the law itself, writing in the last balance sheet approved. S. s., is used to finance health and socio-health care activity.
2. In reference to the law March 31, 2010 # 73 "reform of social safety nets and new economic measures on employment and employability", having regard to article 9, paragraph 5, of the aforementioned Act, extending even to the year 2017, the withdrawal from the "compensation fund" law December 20, 1990 # 156, rescheduling of any deficit in the management in question.


TITLE II PROVISIONS on EXPENDITURE RESTRAINT Art. 27 (extension of the provisions relating to the containment of staff costs in the public sector Expanded and contracts, partnerships and training reports) 1. Extraordinary reductions laid down in articles 75 and 76 of the first paragraph of the law decree # 194 and December 22, 2010 January 31, 2011 Delegate # 19 are also applied to the year 2017; the above reductions do not apply to persons covered by the provisions of Decree March 31, 2014 Delegate # 47.
2. The provision of article 36 of the law December 20, 2013 # 174 is also applied in relation to the financial year 2017 for which is confirmed the goal set by the said rule, reduction, in not less than 10%, the overall amount of fees paid in respect of work performed under extraordinary and hourly increase from public sector employees Widened from the gendarmerie and core bodies enrolled Uniformed guards.
3. The provisions concerning the extension of educational and collaborative relationships and contracts concluded by the Institute on social security referred to in article 29 of the law December 23, 2014 # 219 apply until December 31, 2017, without prejudice to the premature termination of these relationships than the deadline as a consequence of the definition of frameworks and subsequent assignments.
4. In implementation of article 3, paragraph 1, of the Decree 119 June 30, 2014 no Delegate and as a supplement to the article 7 of the Decree June 7, 2004 # 75, with the transfer of the accounts to the Wages Section of human resources management, the Office of personnel management shall authorize the Treasury to the immediate P.A. paying wages to personnel and steady-State pensions by ignition of Matches outgoing Pendants (PPU) pending the completion of the administrative process for the issue of the settlements and mounting orders.


Art. 28 (pension funds) 1. Pending the adoption of measures concerning the reform of the pension system, the contribution from the State employees ' Fund management for the year 2017, allocated on the chapter 1-10-4530 "burdens on State employees ' fund management" is established up to euro 19,500,000.00.
2. is it mandated the Secretariat to competent State and governing bodies of the Institute for social security to implement the actions necessary to ensure balance in the pension fund referred to in the preceding paragraph.
3. The period referred to in paragraph 1 of article 61 of the law December 22, 2015 # 189 is extended until June 30, 2017.


Art. 29 (cheque) 1. In article 2 of the law June 29, 2005 # 97 the following subparagraph is added: "1. bis. The limit of at least 10 years ' residence and effective in the Republic of San Marino, without prejudice to the other requirements of income and expenses and of the grounds for suspension, shall not apply to persons with physical or mental disabilities, for which is established by the Institute for social security disability (100%) and the total permanent work provided that the same subjects :-dependent under applicable tax laws, by at least one member of the household with direct relationship within the second degree, which is work or pensioner in the Republic of San Marino;
-the household component, of which the applicant is charged, keep the registered residence and effective in the Republic of San Marino for the duration of employment or ownership of clearance Board. ".

Article 30 (Devaluation of the active compounds) 1. For the sum corresponding to the total of the active compounds classified by the appropriate agencies to

dubious and uncertain and difficult recovery, the mandatory collection object, in the formation of the General Statement of the State, is set aside, in financial accounts as well as in the financial account, a stake out by way of devaluing the sum that it considers that it cannot collect.
2. with effect from the current financial year the share of devaluation of the active compounds referred to in the preceding paragraph shall be determined on a minimum of 50% for the credits remaining in the second year after its members training and 100% for receivables recorded at residue in the third year of his training, subject to the evaluation by the competent offices of greater devaluation if you plan a recovery less than or a difficult collection since inscription of the active compounds.
3. the share of depreciation referred to in the preceding subparagraph 2 can be changed by Decree delegate.


Art. 31 (Amendment article 6 January 20, 2000 Decree # 10) 1. The State Congress is authorized to adopt delegated decree to amend article 6 of the Decree # 10 January 20, 2000 and subsequent amendments and additions in order to adjust the types of insurance to be requested for the professional services performed on behalf of the State.


Article 32 (Amendment article 15 of law No 67 July 25, 2000) 1. The sanctions referred to in article 15, paragraphs 6, 7 and 8 of the Act July 25, 2000 # 67 article 15, paragraph thus amended are:-6, penalty from euro 1,000.00 to euro 6,000.00;
-Article 15, paragraph 7, penalty from euro 600.00 to € 3,000.00;
-Article 15, paragraph 8, penalty from euro 600.00 to € 3,000.00.
2. The penalties referred to in paragraph 1 may be amended by Decree delegate.


TITLE III PROVISIONS for socio-economic DEVELOPMENT Art. 33 (social protection) 1. The financial resources, totalling euro 600,000.00, stationed on the chapter 1-3-2409 "Fund for interventions relating to income policy" for the year 2017 are intended:-to reimbursement at the Institute for Social Security contribution revenues as a result of the application, to the salaries to people who perform care under Regulation pursuant to resolution of the State Congress # 56 of May 2, 2005 , contribution rates envisaged by the Decree # 3 January 23, 2009 Delegate whose provisions are extended to all the 2017;
-refund at the Institute for Social Security contribution revenues for the Assistant to the family referred to in article 15, paragraph 3, of the Decree of January 22, 2016 Delegate # 5;
-to support measures in favour of persons who are in disadvantaged economic and social conditions that will be identified through Decree delegate comply with the General principles of Delegated Decree December 20, 2007 # 125.
The Extraordinary Solidarity Fund is extended, exceptionally, for the year 2017 and until the entry into force of the economic status of households equivalent (ISEE). With the ISEE is hereby delegate Decree as an instrument of evaluation of the economic situation of those who require access to special tools and performance as well as governed by applicable legislation, through income and asset criteria of belonging to the family unit residing chronologically and actually in the Republic and shall be governed by the criteria for determining the indicator of the economic situation of households based on a scale of equivalence.
2. social protection instruments in force, including the supplementary family allowance act December 16, 1994 # 113, April 28, 1999 Law # 54 and # 64 May 8, 2009 law need to be reformed, by Decree delegate, on the basis of income of individual capacity.
In particular the certificate of social credit and the Extraordinary Solidarity Fund must be traced to a single instrument of financial support to families who are experiencing difficult economic and social conditions by providing differentiated interventions depending on the actual economic capacity of individuals; with the establishment of the instrument only resources available on capp. 1-3-2409 and 1-3-2410 will be transferred to the availability of the new instrument.
3. The financial resources provided on the chapter 1-3-2410 "Extraordinary Solidarity Fund" for the year 2017, are to be used in the manner referred to in Decree # 179 November 3, 2014 Delegate.
4. The Extraordinary Solidarity Fund can be financed in the manner provided in subsection 3, point a), b), c), d) e), f) and g), article 55 of the law December 23, 2014 # 219.
5. with effect from the current financial year the financial resources committed chap. 1-3-2410 "Extraordinary Solidarity Fund", even if not specifically allocated, shall be entered in the accounts of State at residue in the next exercise, for the refinement of procedures by the Management Committee.
6. Individuals who require access to the instruments of social protection are established ability to pay.


Art. 34 (science and Technology Park) 1. On the chapter 1-4-3705 "Expense of operation and business science and technology park in San Marino-Italy" is provided for an appropriation for the year 2017, euro 179,000.00. The resources of that chapter are used:-the amount of € 157,000.00 as a contribution of the State to the managing body of the science and Technology Park;
-for the amount of € 22,000.00 for renting seat of business incubator.


Article 35 (interventions and advice aimed at the management and promotion of airport and port for air and sea transport) 1. On the chapter 1-4-2306 "interventions and advice aimed at the management and promotion of airport and port for air and sea transport" is provided for an appropriation for the year 2017 to € 130,000.00. The funds allocated to the aforementioned chapter are designed to:-contributions to companies, organizations and associations that promote and/or manage the tasks airport and port for air and sea transport and consulting related for the purposes of this chapter by fees up to the amount of euro 100,000.00;
-contribution to the Association flying club San Marino euro 30,000.00.


Art. 36 (Project San Marino Card) 1. The appropriation provided for the chapter 1-3-2385 "operating Charges San Marino Card" equal to € 400,000.00 for the sustaining development and operation costs

project promotion San Marino Card as a means of encouraging domestic consumption of goods and services by private individuals and for certification activities revenue including Telematics: a) activation weekly contest cash prizes, supporting and consolidating the adjustment of consumption, the development of the electronic purse and discounts;
b) work to update hardware and software for the tourist circuit is fidelity card San Marino and San Marino circuit fuel card Operators;
c) funding support and incentive policies aimed at merchants SMaC Card circuit, governed by regulation February 20, 2015 # 3;
d) work to update hardware and software aimed at increased speed of transactions, the development of additional functionality using the SMaC Card as electronic payment and electronic card services;
e) realization of advertising campaigns, both inside and outside the Republic, intended to encourage the use of San Marino Card from both residents and non-residents;
f) information and dissemination activities San Marino Card features designed to encourage and strengthen the participation of economic operators for the Promotional Project San Marino Card.
2. In accordance with the provisions of article 27 of the law February 18, 1998 # 30 inbound chapters 405 "miscellaneous revenue San Marino Card" and "Operating Expenses 1-3-2385 outgoing San Marino Card" may be increased in accordance with a balanced budget, for proceeds of sale of the SMaC card, compared with overdue amounts unclaimed on card stock and/or blocked and for contributions by individuals to the development effort. These sums will be allocated in operating Expenses on the chapters 1-3-2385 exit "San Marino Card" and 2-3-6465 "Purchase capital goods San Marino San Marino expansion Card" Card as a tool for trade promotion and tourism and for the measures provided for in paragraph 1 of this article.

Art. 37 (extension change stamp duties) 1. The provisions of article 18 of the law are extended to December 31, 2017 # 146 September 19, 2014.

Art. 38 (tax provisions) 1. The tax authority which, as a result of the activities of control over tax periods 2014 and 2015, observes, in respect of the taxpayer's income from employment or only holders of retirement and/or income referred to in paragraph 2 of article 104 of law No 166/2013, the absence of the statement but the presence of one or more of the above income certifications submitted to tax authorities as required by law by employers and educational institutes is allowed without imposition of sanctions, to carry out the recalculation of tax recovery or reimbursement procedures applying IGR provided for in articles 132 and 133 of the abovementioned law No 166/2013. The possible higher tax payable by the taxpayer are due only the interest on arrears.

Art. 39 (liability) 1. Paragraph 4 of article 1 of the Decree-Law October 27, 2011 # 174 so replaced: "4. firms, banks are for all purposes equivalent social and creditors have the right to pursue the action for damages provided for in article 56, paragraph 4, article 64 and article 71, paragraph 1, of law No. 47 February 23, 2006 and subsequent amendments without prejudice to further action, including remedies of responsibility of law November 17, 2005 # 165. ".
2. paragraph 6 of article 1 of the Decree-Law June 27, 2013 # 72 is replaced: "6. firms, banks are for all purposes equivalent social and creditors have the right to pursue the action for damages provided for in article 56, paragraph 4, article 64 and article 71, paragraph 1, of law No. 47 February 23, 2006 and subsequent amendments without prejudice to further action, including remedies of responsibility of law November 17, 2005 # 165. ".
3. in article 1 of the Decree-Law October 27, 2011 # 174 the following subparagraph is added: "4-4-bis bis. The ascertainment of liability of corporate bodies in order to get omissions or commissivi, which have helped to determine the situation of instability of lenders and/or determine negligence if an incorrect representation of the economic and financial situation of the institutes the same incident on the Act of acquiring the assets and liabilities referred to in paragraph 2 and Consequently, the extent of any negative balance referred to in paragraph 3, first sentence, entails the liability thereof in respect of tortious liability, Madam room considering the necessity and indispensability of public intervention as referred to in this decree-law to guarantee the stability of the banking system and the protection of savings. The Madam room has locus standi independently for the purpose of establishing the liability referred to in the preceding period. ".
4. Article 1 of the Decree-Law June 27, 2013 # 72, the following subparagraph is added: "6-6-bis bis the ascertainment of liability of corporate bodies in order to get omissions or commissivi, which have helped to determine the situation of instability of lenders and/or determine negligence if an incorrect representation of the economic situation of the institutes the same incident on the Act of acquiring the assets and liabilities referred to in paragraph 2 and Consequently, the extent of any negative balance referred to in paragraph 4, first sentence, entails the liability thereof in respect of tortious liability, Madam room considering the necessity and indispensability of public intervention as referred to in this decree-law to guarantee the stability of the banking system and the protection of savings. The Madam room has locus standi independently for the purpose of establishing the responsibilities provided for in the previous period. "


Art. 40 (Revocation) 1. The finding by a final judgment of liability of corporate bodies in accordance with article 1, paragraphs 4 and 5 of the Decree-Law No. 174/2011 as amended and article 1, paragraphs 6 and 7 of the Decree-Law No. 72/2013 and subsequent amendments is also been in any

additional evaluations promoted by firms, banks or the most excellent room for the quantification of any major damage resulting from the same corporate officers conduct which is, by virtue of the dynamics of negative balance referred to in article 1, paragraph 3, first sentence, of Decree-Law No. 174/2011 and article 1, paragraph 4, first sentence, of Decree-Law No 72/2013, further than that recognized with such final judgment.
2. in view of the extent of public interest served and in order to ensure the effectiveness of the actions undertaken by firms, banks within the meaning of article 1, paragraph 4, of Decree-Law No. 174/2011 as amended and article 1, paragraph 6, of Decree-Law No 72/2013 and subsequent amendments and by the Ecc.ma Chamber, pursuant to article 1, paragraph 5, of the aforementioned Decree-Law No. 174/2011 as amended and article 1 paragraph 7 of that Decree-Law No 72/2013 and subsequent amendments, are ineffective against firms, banks and the same Room: a Ecc.ma) acts at no charge, involving personal treasures, made by the subject in relation to which they have been established the responsibilities referred to in article 1, paragraphs 4 and 5 of Decree-Law No. 174/2011 as amended and referred to in article 1 paragraphs 6 and 7 of Decree-Law No 72/2013 and subsequent amendments, in the ten years prior to the same public intervention;
b) acts for consideration concerning personal treasures, made by the subject in relation to which they have been established the responsibilities referred to in article 1, paragraphs 4 and 5 of Decree-Law No. 174/2011 as amended and referred to in article 1, paragraphs 6 and 7 of Decree-Law No 72/2013 and subsequent amendments, in the ten years prior to the same public intervention unless the other party proves that it was not aware of the State of insolvency.


Article 41 (establishment of a Monitoring Committee) 1. In order to ensure proper financial administration's assessment of the conditions for the recognition of approved tax credit by virtue of measures to support the banking system has established a monitoring committee composed of three members appointed by the State Congress. Member of the Supervisory Board has a duration of three years and shall be renewable for one further term.
2. Can serve as a member of the Monitoring Committee on Civil and political rights professionals and graduate diploma or equivalent degree with administrative or accounting address pursuant to law October 5, 2011 # 161. The composition of the Monitoring Committee shall ensure the existence, in the same, of knowledge and experience in legal, accounting, banking and financial sector.
3. May not hold as a member of the Supervisory Board, and shall expire immediately if appointed, those who are in a position to Subject Unfit or who have received the indictment for the same circumstances that determine the condition of subject Unsuitable. The members of the Supervisory Board are required to establish the existence of the requirements of this law and the absence of anything involving the status of Subject Unsuitable.
4. The members of the Supervisory Board are entitled to compensation based on those provided for similar functions that find imputation on Chapter 1-3-2392 "charges for Monitoring Committee".
5. the Monitoring Committee has the following duties: a) expresses with regard to the exercise of prior opinion and binding ability of lenders assigns to compensation referred to in article 2 of the Decree-Law October 27, 2011 # 174 as amended and referred to in article 2 of the Decree-Law June 27, 2013 # 72, as amended. Tax relief provided for in those articles can only be used following the favourable opinion provided in this letter and limited to the abovementioned decree-laws governed by the compensation;
b) determines, with prescriptive, the criteria for the recovery of claims by the management company of investment trusts (SG) which assigns credit institutions have granted credit institutions originators;
c) monitors the effective running and evolution of the actions taken by the SG in managing mutual funds for the recovery of credits earned and/or operated, including in relation to the work of professionals for this purpose agents;
d) expressing prior opinion and obligatory to SG on the suitability and appropriateness of any arrangements for defining extrajudicial recovery actions referred to in point c);
and possible actions to promote the SG) authorizes, maintenance also acts to prevent commercial devaluation of assets held by mutual funds or to ensure their economic exploitation;
f) shall perform the duties referred to in paragraphs 1 and 2 of article 47 of law December 22, 2015 # 189, formerly attributed to Central Bank of San Marino;
g) reports every six months to the State Congress on the activities carried out by proposing any interventions within its competence.
6. the members of the Supervisory Board, in carrying out the functions entrusted to them, have the status of public official. For the purposes of acquiring data, useful documents for the performance of their duties relate directly with institutional bodies, with the offices of financial administration, with banks transferees and with mutual funds. In respect of the Monitoring Committee are not binding on secrecy, professional secrecy, or confidentiality referred to in article 36 of the law November 17, 2005 # 165.


Article 42 (February 18, 1998 framework law changes # 31) 1. The deadline for the enactment of delegated decrees referred to in paragraph 1 and in paragraph 2 of article 81 of the Law # 189 December 22, 2015 shall be extended to September 30, 2017.


Art. 43 (obligatory publication in the register of authorized parties of beneficial owners) 1. With effect from January 1, 2017 will be subject to mandatory publication in the register of authorized persons of the Republic of San Marino, November 17, 2005 referred to in article 11 of law No. 165, as amended, the names of the beneficial owners of authorized parties as defined in article 1 of the abovementioned law.

2. For the purposes of mandatory publication referred to in the preceding subparagraph 1, per beneficial owner refers to the natural person or persons who, as a last resort, even jointly with other parties, or through the company directly or indirectly participate, fiduciary or other barrier interposition, possess or control a person authorized through the direct or indirect ownership or control by a percentage equal to or greater than 2% stake to capitane social or of the voting rights within the subject, including through bearer shares.
3. The authorized persons are required to comply with the provisions of this article by February 28, 2017.
4. where authorized parties do not meet the requirement of the preceding paragraphs, applies maximum pecuniary administrative sanctions referred to in paragraph 1 of article 5 of Decree No 76/2006 Delegate.

Article 44 (entry into force) 1. This Act shall enter into force on the fifth day following that of its legal publishing.



Data from our residence, 21 December 2016/1716 d.F.R.



The Captains Regent Fabio Berardi Marino Riccardi – SECRETARY of STATE for HOME AFFAIRS Gian Carlo Venturini