Terms, conditions and restrictions concerning the provision of aids
The approved aided cost, may be restructured fol-lowing a request
of the investor, and provided that 50% of the investment and/or
equipment leasing pro-gram has been implemented. In order to determine
the restructuring amount of the cost of the investment or program,
account shall be taken of any increases and variations that have
arisen in the individual cost elements of the investment or program,
during their implementation. Any cost restructuring in excess of
15% of the approved cost of the investment, or 25% of the approved
cost in case of business plans, may not be approved.
In order for this paragraph to be applicable, a docu-mented recommendation
of the competent department to the Advisory Committee shall be required.
7. Extension of time limit for the completion of an in-vestment
and/or equipment leasing program eligible for a grant and interest
subsidy, as well as leasing subsidy.
The time limit for the completion of an investment and/or equipment
leasing program provided for in the decision on eligibility, may
be extended for a maxi-mum of two (2) years, on condition that the
relevant request shall be submitted exclusively within six (6) months
from the expiry of the completion time limit ini-tially set in the
decision on eligibility, and provided that upon submission of the
relevant request, at least 50% of the approved project shall have
By way of exception, in case of interruption or delay of the works
due to force majeure, sufficiently proven, the investment completion
time limit may be extended for an additional time period, equal
to that of the inter-ruption or delay. In case the force majeure
arises prior to the completion time limit initially set in the decision
on eligibility, the relevant request must be submitted prior to
such completion time limit, without the condi-tion for the completion
of 50% of the approved project.
8. Commencement of investments and/or equipment leasing programs
and business plans, eligible for the grant and interest subsidy,
as well as leasing subsidy.
(a) The commencement of investments and/or equipment leasing programs
and business plans of these presents, may take place after the submission
of the application seeking eligibility for the provisions of these
presents, as well as all the required support-ing documents to the
competent department. Invest-ment projects, equipment leasing contracts
and other operations implemented prior to the submission date of
the application seeking eligibility, shall not be com-puted in the
aided cost nor in the investor's own par-ticipation, irrespective
of whether, by that date, they shall have been paid.
By way of exception, in case of organisations, facili-ties of which
have suffered losses due to fires, floods or other natural events,
submit an application seeking eligibility for investments, equipment
leasing pro-grams or business plans, related to the restoration
of affected activities, the investment projects, equipment leasing
contracts and other operations implemented in the time period from
the moment that the fire or natu-ral event that caused the loss
occurred until the sub-mission date of the application seeking eligibility,
shall be taken into account for the calculation of aids, pro-vided
that these were implemented within a maximum period of twelve (12)
months prior to the submission of such application.
(b) The commencement of the investment, leasing program or business
plan prior to the publication of the decision making them eligible
for the provisions of this law, shall be on the sole responsibility
of the in-vestor and shall not bind the judgement of the Advi-sory
Committee, nor the decision of the Administra-tion, concerning the
eligibility of those operations for the provisions of these presents.
(c) Grant-aided investment expenditures, preceding the submission
date of the application seeking eligibil-ity, shall not be computed
in the grant-aided cost, nor in the investor's own participation.
9. Terms, conditions and restrictions on the invest-ment loan.
(a) In case the use of a loan shall be provided for the investment
or business plan proposed to receive an aid, then this loan should:
(i) be medium to long term, of a term no less than four years;
(ii) be in the form of a bank loan, or a bond loan is-sued through
a public offering or not, or a loan by other financing organisations,
with the exception of the current account form;