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The Financial Fund of the State for the Modernization of the Tourist Infrastructures (FOMIT) has for finality the financial support to the plans of renovation and modernization of mature tourist destinations that I know develop in parallel with local authorities and private tourism companies.
The FOMIT is regulated by Royal Decree 937/2010, of July 23, which develops the additional 40th third of Law 42/2006, of December 28, of General Budget of the State for the year 2007, which was as amended by the Final Disposition fourteenth of Law 51/2007 of 26 December 2007 of the General Budget of the State for the year 2008, and by the final decision of the second, second, of Law 22/2013 of 23 December, of the State generals for the year 2014.
As regards the characteristics of the type of loan granting operation, as provided for in Article 10.2 of Royal Decree 937/2010 of 23 July 2010, these shall be granted at the rate of interest to be determined by order of of the Minister of Industry, Energy and Tourism, with the agreement of the Government Delegation for Economic Affairs.
According to the above, Order IET/1039/2014 of 11 June established the financial terms of the loans to be granted by the FOOMIT for the period 2014-2015. However, the improvement in the financing conditions of the Spanish State over the last year advises to review the types contained in this order in order to make the loans of the upcoming FOMIT calls more attractive and competitive.
It is therefore appropriate to issue a new ministerial order setting out the financial characteristics of the FOMIT loans applicable to the call for the financial years 2015 and 2016.
The Government's Delegation for Economic Affairs, at its meeting on 24 September 2015, has authorised the Minister for Industry, Energy and Tourism to issue this order.
Under the agreement of the Government's Delegation for Economic Affairs, I agree:
Unique. Loans from the State Financial Fund for the Modernization of Tourism Infrastructures (FOMIT) during the financial years 2015 -2016.
The loans granted from the State Financial Fund for the Modernization of Tourism Infrastructures (FOOMIT) during the financial years 2015 -2016 shall be carried out in accordance with the following financial conditions:
Interest rate for final beneficiary:
Loans to 3 years: fixed up to 4,406%.
Calculation: 0.406% + up to 4% intermediation margin.
Maximum shortage period: One year.
5-year loans: fixed up to 5,319%.
Calculation: 1,019% + up to 4.30% intermediation margin.
Maximum deficiency period: Two years.
10-year loans: fixed at 6,449%.
Calculation: 2,149% + up to 4.30% intermediation margin.
Maximum deficiency period: Three years.
Loans to 15 years: fixed up to 6.932%.
Calculation: 2.632% + up to 4.30% intermediation margin.
Maximum deficiency period: Five years.
Repeal provision.
Order IET/1039/2014 of 11 June 2014, specifying the financial terms of the loans to be granted from the State Financial Fund for the Modernisation of Tourist Infrastructures, is hereby repealed. for the period 2014-2015.
Final disposition. Entry into force.
This order shall enter into force on the day following that of its publication in the "Official State Gazette".
Madrid, October 6, 2015. -Minister of Industry, Energy and Tourism, José Manuel Soria López.
