The Full Council of Totana agreed today with the vote in favor of Totana Win-IP and PSOE, against the PP and the abstention of C's-Party of the Citizenship approve accession to Fund Sustainability Management Measures Finance of the Autonomous Communities and Local Government and other economic.
This measure offered by the Ministry aims to seek financial sustainability of local entities for liquidity can cope with the financial transactions performed with banks that have not been refinanced with criteria of "financial prudence".
To that end, they have agreed to approve a corporate credit operation amounting to 5.080.546.82 euros with the Ministry of Finance and Public Administration through the Official Credit Institute.
In addition, it will also allow municipal coffers obtain liquidity to meet maturing debts arising from that part of the funding mechanism of payments to suppliers, they are being offset by deductions on the partition on State taxes.
Similarly, under this loan operation with the Ministry execution of final judgments that are outstanding in the Totana Town Council it is possible.
The deadline for submitting applications for membership of these funds opens on July 16 and ends on 31. It should be noted that the municipality has an important judgments unpaid debt, as explained during the plenary debate.
Totana Town Council could access the Fund Management that Royal Decree-Law 17/2014, dated 26 December, as the Ministry offered it to local authorities that were in financial risk situation last March.
The government team may inform funding needs for 2016 in connection with maturities of loans arranged or planned to be formalized in 2016 to address sustainable financial investments, such as to cover the execution of final judgments that provide for the next year.
See report:
http://www.totana.com/reportajes/2015/07/pleno-extraordinario-medidas-sostenibilidad-financiera/
