Regulatory Alerts2022-01-06
Resolution of 4 January 2022 updating Annex 1 on financial prudence principles for autonomous communities and local entities
The Secretary General of the Treasury and International Financing issued this resolution to update Annex 1 with the maximum fixed interest rates and Euribor differentials applicable to debt operations by autonomous communities and local entities as of January 3, 2022. These updated rates serve as the benchmark for calculating the maximum total cost of financing, ensuring compliance with the financial prudence principle established in the Resolution of 4 July 2017. The document also specifies that if the calculated maximum cost is negative, loans may be formalized at a 0% interest rate, and provides instructions for linear interpolation for maturities not explicitly listed.
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