French Monetary and Financial Code
In forceCaisse des Dépôts et Consignations, within the framework of the missions mentioned in Article L. 518-2, may, after authorisation from the ministers responsible for the economy and the budget and by written agreement, be mandated by the State, its public establishments, public interest groupings and independent public authorities, to collect income or pay expenditure and to act in legal proceedings in the name and on behalf of the principal. The agency agreement must provide for accounts to be presented at least once a year. The conditions of application of this paragraph are defined by decree.
Caisse des Dépôts et Consignations may be entrusted with the operations mentioned in II of Article L. 1611-7 of the General Code of Local Authorities. In addition, under the conditions set out in articles L. 1611-7 and L. 1611-7-1 of the same code, it may be entrusted with the payment of expenses and the collection of receipts for the purposes of managing funds which, on the date of publication of law no. 2019-486 of 22 May 2019 relating to the growth and transformation of businesses, have been entrusted to it by local authorities and their public establishments, pursuant to article L. 518-2 of this code.
The management of funds that give rise to the collection of revenue or the payment of expenses shall be brought into compliance with the provisions of the first or second paragraphs of this article, as applicable, when the management agreements are renewed and no later than 31 December 2022.
