Regulatory Alerts2013-08-06
Resolution of August 1, 2013, by the Secretary General of the Treasury and Financial Policy updating financial prudence limits for autonomous communities' debt operations under the ICO-CCAA 2012 line and Autonomous Liquidity Fund
The Secretary General of the Treasury and Financial Policy issued this resolution to update the maximum allowable fixed interest rates and spreads over EURIBOR for debt operations by common-regime autonomous communities and cities with autonomous statute accessing the ICO-CCAA 2012 direct financing line and the Autonomous Liquidity Fund. The updated annex replaces previous monthly publications and establishes the specific cost ceilings for August 2013 across operation maturities ranging from one month to twenty-six months or more. These maximum cost limits must be strictly observed to ensure compliance with the financial prudence principle governing regional borrowing under the referenced March 2013 resolution.
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