French General Code of Local Authorities
In forceIn compliance with article L. 4251-17, the municipalities, the Lyon metropolitan area and the public establishments for inter-municipal cooperation with their own tax status are solely competent to define aid or aid schemes and decide on the granting of such aid within their territory in relation to business property investment and the leasing of land or buildings.
This aid takes the form of grants, discounts on the sale price, rental or hire purchase of bare or developed land or new or renovated buildings, loans, repayable advances or leasing on terms more favourable than those on the market. The amount of aid is calculated by reference to market conditions, in accordance with ceiling and zone rules laid down by regulation. This aid gives rise to the drawing up of an agreement and is paid either directly to the beneficiary company or to the project owner, whether public or private, who then passes on the benefit in full to the company.
The region may participate in the financing of the aid and aid schemes mentioned in the first paragraph of this article under conditions specified by an agreement signed with the commune, the Lyon metropolis or the public establishment for inter-communal cooperation with its own tax status.
The municipalities or public establishments for inter-municipal cooperation with their own tax status may, by means of an agreement with the département, delegate to it the power to grant all or part of the aid mentioned in this article.
Fees payable by beneficiaries of loan guarantees granted by credit institutions or finance companies may be paid, in full or in part, under conditions set by decree by the Conseil d'Etat. This aid cannot be combined, for the same loan, with the guarantee or surety granted by a local authority or grouping.
Aid granted on the basis of this article is intended for the creation or expansion of economic activities.
