FEDERACION ESPAÑOLA DE MUNICIPIOS Y PROVINCIAS
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The FEMP calls for urgent empowerment of the ICO credit line provided to facilitate payment of debts to suppliers
The FEMP Executive has agreed to ask the Government to implement with urgency the direct line of credit aimed at Local Authorities to facilitate the payment of debts and unpaid strong and independent companies, which was due prior to April 30, 2010 , as required by law for late payment in commercial transactions, which sets a maximum period of 30 days.
The Act, not yet published in the Official Gazette, covers a period of 30 days for the Government through the ICO implements this line of credit, which would be granted on preferential terms.
As new development, the text says "additional provision that the fourth-credit refund may be made case by case basis and which has not been written off before, after the entry into force of the future reform of the financing system local. The cancellation will be instrumented, therefore, whether the resources from Participation in Government Revenue (PIE) and linked to the recognized obligations to suppliers.
