Regulatory Alerts2013-07-02
Resolution of June 28, 2013 by the Secretary General of the Treasury and Financial Policy updating financial prudence limits for autonomous community debt 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 costs for debt operations by common-regime autonomous communities and cities with autonomous statute participating in the ICO-CCAA 2012 direct financing line and the Autonomous Liquidity Fund. The document replaces previous annexes by publishing new monthly caps on fixed interest rates and spreads over EURIBOR benchmarks (1, 3, 6, and 12 months) effective for July 2013. These updated limits enforce the financial prudence principle established in the March 4, 2013 resolution, ensuring that total borrowing costs, including commissions and expenses, remain within legally defined thresholds.
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