Portal de Totana
www.portaldetotana.com
The Full Council of Totana yesterday approved unanimously the proposal of the Councillor of Finance, Ana Maria Canovas, to refinance a total of 17 loans between banks Savings nine final judgments in connection with the resolution of the Ministry of Finance and government, which resolved to accept the accession of totanero Consistory Fund Management 2015.
Totana City Council has already approved in July this year accession to Fund Management, so that on 25 November, the General Secretariat of the Ministry accepted this procedure, considering the aforementioned Fund Management to cover various financial needs related to various operations loans secured with seven different credit institutions.
The Ministry of Finance and Public Administration approved the Royal Decree 17/2014 of 26 December on measures of financial sustainability of the autonomous communities and local entities and other economic character;
aimed at the implementation of measures to ensure financial sustainability.
The proposal approved and caters to the amounts of principal and interest maturities amounting in 2015 to a figure of 3,426,074.58 euros of the total amount of 44,336,510.13 euros of the total operation of the initial loans.
In addition, final decisions may be financed by the local authority that add the total number of 806 243, 78 euros.
Similarly, pursuant to that resolution and this whole agreement, the session will address the maturity of the loan operations formalized in 2015 under the financing mechanism payments to suppliers;
derivatives and debts, in this framework, are being offset by deductions participation in State taxes.
Thus, the 2015 maturity collected by the Fund of Management relating to such transactions "provided they are refinanced in terms of financial prudence" will be addressed.
The measure includes the Minister may impose additional measures for the monitoring phase of the adjustment plan to the City Council.
Thus, the Consistory had requested, since it learned of the favorable resolution to the different banks with which it has arranged credit operations, which estudiasen and submit proposals in terms of "financial prudence" to comply with this resolution .
The proposal of the mayor of Finance gave the green light to corporate agreed to accept the proposals made by banks BBVA, Bankia and Cajamar to carry out the lowering of the interest rate in effect in each of the operations of loans to referring the resolution.
Finally, it was collected empower the mayor to sign the minutes of loan amounting to 5,080,546.82 euros credit operation that was requested by full agreement of July 15, 2015 and was approved by the Ministry- to sign loan operations with the entity as operator Bankinter Fund Management said that administrative procedure belongs.
See report:
http://www.totana.com/reportajes/2015/12/pleno-extraordinario/
Source: Ayuntamiento de Totana / Foto: Totana.com
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