[ S.L.146.01 FINANCIAL ASSISTANCE 1 SUBSIDIARY LEGISLATION 146.01 FINANCIAL ASSISTANCE ARRANGEMENTS 28th July, 1981 LEGAL NOTICE 83 of 1981, as amended by Legal Notices 44 and 54 of 1986, 142 of 1993 and 409 of 2007. 1. The title of these Arrangements is Financial Assistance Arrangements. Title. 2.
(1)The Director of Agriculture, a representative of the Attorney General, a representative of the Permanent Secretary at the Ministry of Finance, a representative of the Chairman of the Co-operatives Board, an Assistant Head in the Department of Agriculture and two public officers, one performing duties at the Ministry of Agriculture, and the other at the Gozo section of the department, both appointed by the Minister responsible for agriculture, shall constitute a Commission to consider applications for financial assistance under the Agricultural and Fishing Industries (Financial Assistance) Act, hereinafter referred to as "the Act". The Commission. Amended by: L.N. 44 of 1986; L.N. 54 of 1986. Substituted by: L.N. 142 of 1993. Cap. 146
(2)The Director of Agriculture shall be the Chairman of the Commission and he shall designate an officer of the Department of Agriculture to act as Secretary to the Commission. 3. Applications for financial assistance under the Act shall be made on a form approved by the Commission which shall be sent to the Secretary of the Commission at the Department of Agriculture. Applications. 4. Only citizens of Malta permanently resident in Malta shall be entitled to apply for assistance under the Act. Persons entitled to apply for assistance. 5. Applicants for financial assistance shall furnish to the Commission such information and evidence as the Commission may require for the purpose of considering the application. Information and evidence required. 6. Financial assistance under the Act shall only be given on the recommendation of the Commission with the approval of the Minister responsible for agriculture or an officer nominated by him. Assistance to be given only on recommendation. Amended by: L.N. 142 of 1993. 7. Any agreement relating to the giving of financial assistance under the Act shall be made by a private writing or by a notarial deed, as the case may require, and shall be executed on behalf of the Government of Malta by the Director of Agriculture, or by an officer not below the rank of Assistant Head in the Department of Agriculture delegated by the Director to act in this behalf. Agreements to be made by a private writing or by notarial deed. Amended by: L.N. 142 of 1993. 8. Financial assistance under the Act may be given subject to such conditions, agreements and obligations imposed upon or undertaken by the recipient as the Commission may advise. Such conditions and obligations shall include an undertaking on the part of the recipient - Assistance may be given subject to conditions, agreements and obligations. Amended by: L.N. 142 of 1993. 2 [ S.L.146.01 FINANCIAL ASSISTANCE (
- a)to repay any loan together with the interest thereon in accordance with the terms of the agreement; (
- b)not to sell nor dispose of in any other manner, the property in or the possession of anything acquired or improved with the aid of a loan or grant without the previous consent in writing of the Minister responsible for agriculture before the loan is completely repaid or, in the case of a grant, during such period as the agreement may prescribe; (
- c)to maintain anything purchased or improved with the aid of the financial assistance afforded, in proper order and condition to the satisfaction of the Minister responsible for agriculture, and allow any person authorised by the Minister responsible for agriculture to inspect such thing at all reasonable times; (
- d)in the event of the recipient failing to comply with all the terms of the agreement with the Government entered into by him in respect of the financial assistance afforded, the total amount of such assistance shall become repayable to the Government immediately. Repayment. Amended by: L.N. 409 of 2007. 9. Loans made under these arrangements shall be repaid as follows Up to €2,329.37 within a maximum period of 5 years. Over €2,329.37 and up to €6,988.12 within a maximum period of 7 years. Over €6,988.12 and up to €11,646.87 within a maximum period of 10 years. Over €11,646.87 and up to €23,293.73 within a maximum period of 15 years. Over €23,293.73 within a maximum period of 20 years. Rate of interest. 10. The rate of interest payable on loans made under the terms of these Arrangements, shall be at rates of not less than three per centum per annum nor more than the ruling commercial rate of interest.