Decree No. 226 / 1999 Coll.
Government Regulation amending Government Regulation No. 244 / 1995 Coll., laying down the conditions for State financial support for mortgage lending for residential construction, as amended
Valid
Regulation
Effective from 14.10.1999
Text versions:
14.10.1999
226
GOVERNMENT REGULATION
of 15 September 1999
amending Government Regulation No 244 / 1995 Coll., laying down the conditions for State financial support for mortgage lending of residential buildings, as amended
The Government mandates the implementation of Act No. 576 / 1990 Coll., on Rules of Management of the Budget Funds of the Czech Republic and of the Municipality of the Czech Republic (Budget Rules of the Republic), as amended by Act No. 579 / 1991 Coll., Act No. 166 / 1992 Coll., Act No. 321 / 1992 Coll., Act No. 10 / 1993 Coll., Act No. 189 / 1993 Coll., Act No. 57 / 1995 Coll., Act No. 154 / 1995 Coll., Act No. 160 / 1995 Coll. and Act No. 160 / 1997 Coll.:
Government Regulation No 244 / 1995 Coll., laying down the conditions for State financial support for mortgage lending for residential buildings, as amended by Government Regulation No. 276 / 1996 Coll. and Government Decree No. 70 / 1998 Coll., is amended as follows:
1. in Article 2 (1) (a), the words "or land-based buildings" shall be replaced by the words "land-based buildings or buildings" and the figures "1999" shall be replaced by "2000."
2. in Paragraph 2 (1) (b), the words "between a builder and a buyer within one year at the latest" shall be replaced by the words "within two years at the latest";
3. In Article 2 (1) (d), the words "but no longer than the legal power of the approval decision 'are deleted.
4. In Paragraph 2 (2), "before the entry into force of this Regulation, 'is deleted and the" on' subheading is replaced by 'k'.
5. After Part One, the following Part Two is inserted:
SUBSIDY TO CITIZENS AND BEAIRS
(1) In order to promote the construction and acquisition of residential houses, family houses or flats financed in whole or in part from mortgage loans (5), grants to municipalities in the Czech Republic and housing cooperatives located in the Czech Republic which do not carry out residential construction in the framework of their business activities are granted from the state budget.
(2) The subsidy shall be granted on the basis of an application submitted by the municipality or housing cooperative to the mortgage bank, (6) with which the municipality or housing cooperative has a credit agreement. The application shall be submitted to the mortgage bank no later than four years after the end of the mortgage loan.
(3) The subsidy for the previous month shall be transferred to the municipality or housing cooperative by the end of the following month.
Conditions for granting aid to municipalities and housing cooperatives
(1) The subsidy is granted from the start of the mortgage loan, provided that the municipality or housing cooperative applies it:
(a) to the construction of an apartment building, a family house, an apartment or a change in a building which will result in a new apartment from the premises ineligible for housing, where such premises have never been an apartment, or from premises serving purposes other than housing, including a superstructure, a loft or an extension where construction is carried out in the territory of the Czech Republic and the approval decision will become legal within four years from the date of the acquisition of the legal power of the building permit or the completion of a built-up apartment, a family house or an apartment, the construction of which began before 26 October 1995, provided that the approval decision becomes legal power by the end of 2000 at the latest;
(b) purchase of a house, family house or apartment newly built, if the purchase contract is concluded no later than two years after the legal power of the approval decision, provided that no contribution or subsidies under this Regulation have been granted for their construction;
(c) the purchase and completion of a built-in house, family house or apartment, provided that the construction is carried out in the Czech Republic and the approval decision becomes legal within two years of the conclusion of the purchase contract between the builder and the buyer, provided that no contribution or subsidies have been granted for their construction under this Regulation;
(d) to repay the loan agreed after 1 January 1995 for the purposes set out in point (a) to finance the initial construction period, provided that no contribution or subsidy under this Regulation has already been granted for the repayment of the loan.
(2) If the conditions referred to in paragraph 1 (a), (b) and (c) are met, the grant may also be granted for a mortgage loan agreed after 1 January 1995 even if it has paid up a loan secured by a mortgage on a property agreed after 1 January 1995.
(3) The subsidy may be granted for the construction of one or more flats; However, only one subsidy may be granted for the same flat.
(4) The collateral for the loan must be mainly the house or apartment purchased; other property may be stopped.
(5) During the duration of the grant, there shall be no change in the use of the flat for purposes other than housing.
(6) If the transfer or transfer of ownership of a house, family house or apartment, including buildings built up, is made to another legal person or natural person who does not carry out residential construction in the course of his business, the grant shall be granted to the acquirer if the acquirer also takes over the obligation to repay the mortgage. If the acquirer has repaid the original mortgage loan with a new mortgage loan, the contribution or subsidy shall be granted for the new mortgage loan. However, the cumulative duration of the grant or subsidy may not exceed 20 years.
(7) The subsidy will not be granted if the mortgage loan is granted in a foreign currency or if the bank transfers the mortgage loan to the recipient provided in CZK the exchange rate risk.
(8) The subsidy does not apply to loans granted by the building saver under the regulations on the building safe.8) '.
Parts 2 and 3 shall be renumbered as Parts 3 and 4.
6. The heading of Part Three reads:
SUBSIDY BY LEGAL PERSONS NOT INCLUDED IN ARTICLE 2a AND 2b AND BY PHYSICAL PERSONS IMPLEMENTING AN INVESTMENT IN THEIR UNDERTAKING ACTIVITIES '.
7.
(1) In order to promote the construction and acquisition of residential houses, family houses or flats financed in whole or in part from mortgage loans, legal persons other than those referred to in § 2a and 2b and natural persons carrying out residential construction in the framework of their business activities (hereinafter referred to as "other persons") may be granted subsidies from the State budget if they are resident or registered in the Czech Republic.
(2) The subsidy for the preceding month shall be transferred to other persons by the end of the following month.
(3) The subsidy may be granted at the request of other persons. The application shall be submitted to the mortgage bank no later than four years after the end of the mortgage loan. '
8. The heading of Section 4 reads: "Conditions for granting subsidies to other persons."
9. In Article 4 (1), the words "or soil buildings' are replaced by the words", soil buildings or buildings'.
10. In Section 5, at the end of paragraph 1, the words "and municipalities and housing cooperatives for the subsidy 'shall be added.
11. in Article 7, the following paragraph 4 is added:
"(4) The Ministry shall reimburse the mortgage bank for the costs effectively incurred in providing the aid under this Regulation. ';
Transitional provision
Municipality, housing cooperatives, legal persons other than those referred to in § 2a and 2b of Decree of Government No. 244 / 1995 Coll., as amended by this Decree of the Government, and natural persons carrying out housing construction in the framework of their business activities and who submitted a subsidy application for the period from 26 October 1997 to 26 October 1998, the grant may be granted after approval by the Ministry of Local Development from the first instalment of the mortgage loan paid after 30 October 1998.
This Regulation shall enter into force on the day of its publication.
Prime Minister:
Ing. Zeman v. r.
Minister for Local Development:
Prof. Ing. Emperor, CSc.
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Regulation Information
| Citation | Government Decree No. 226 / 1999 Coll., amending Government Decree No. 244 / 1995 Coll., laying down the conditions for State financial support for mortgage lending of residential buildings, as amended |
|---|---|
| Regulation Type | Regulation |
| Author | - |
| Collection | Code of Laws |
| Date of Promulgation | 14.10.1999 |
|---|---|
| Effective from | 14.10.1999 |
| Effective until | - |
| Status | Valid |
The regulation text is for informational purposes only.
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