FrancophonIA/DGT-Translation_Memory huggingface dataset:
English: The Housing Bonds Division then bought this bond from the homebuyer and paid for it by issuing housing bonds to the seller. These housing bonds could then be freely traded in the securities market.
Italian: Il servizio per gli housing bond quindi comprava tale titolo dall’acquirente della casa e lo pagava distribuendo al venditore housing bond che potevano poi essere liberamente scambiati sul mercato dei titoli.
English: According to Article 29 of the Act, the Housing Bonds Division was to promote the saleability of the housing bonds on the market. For that purpose the Division was to seek cooperation with banks, pension funds and other entities on the financial market.
Italian: Come stabilito dall’articolo 29 della legge, il servizio per gli housing bond aveva il compito di promuovere la commerciabilità degli housing bond sul mercato e per tale scopo cercava di cooperare con le banche, i fondi pensione e altri soggetti dei mercati finanziari.
English: Furthermore, the State Building Fund was permitted to dispose of a proportion of its funds for transaction in housing bonds to promote equilibrium on the market. The Act did not itself contain provisions on who was eligible for loans under the housing bonds system.
Italian: Inoltre il fondo statale per l’edilizia residenziale poteva disporre di una quota dei propri fondi per effettuare transazioni con housing bond al fine di promuovere l’equilibrio sul mercato.
English: Loans for social housing were granted by the State Housing Board from the Workers’ Housing Fund (cf. Article 52 of the Act). The loan could be up to 90 % of the construction cost or purchase price, however, not exceeding 90 % of the costs basis approved by the State Housing Board, less a 3,5 % special contribution of the municipalities for each social assistance apartment (cf. paragraph 2 of Article 42 of the Act) [11].
Italian: I prestiti per gli alloggi sociali erano concessi dal Consiglio tramite il fondo per gli alloggi sociali (articolo 52 della legge): i prestiti potevano essere al massimo pari al 90 % del costo di costruzione o del prezzo di acquisto, e comunque non potevano eccedere il 90 % della base di costo approvata dal Consiglio, meno il 3,5 % come contributo speciale ai comuni per ogni appartamento sociale (articolo 42, paragrafo 2, della legge [11].
English: ‘The main changes contained in the bill concern the social housing system. The principal change being proposed is that the building and purchase of privately owned social apartments will be stopped and instead a new social lending system will be established.
Italian: «I cambiamenti più importanti previsti dal disegno di legge riguardano il sistema per gli alloggi sociali: il principale è la proposta di cessare la costruzione e l’acquisto di alloggi sociali di proprietà privata e istituire, al loro posto, un nuovo sistema di prestiti sociali.
English: One item in that regard is that it is presupposed that older loans taken by the Fund will be restructured. With the restructuring it will be possible to achieve substantially better rates than the Building Funds enjoy today. This Fund will be very strong.
Italian: A tal proposito, è previsto che i prestiti di più vecchia data assunti dal fondo saranno rinegoziati per ottenere tassi nettamente più vantaggiosi di quelli di cui gode oggi il fondo per l’edilizia residenziale.
English: From the same date, the Housing Financing Fund took over the functions, rights, assets, liabilities and obligations of both funds (cf. Article 53 of the Act). The rights and privileges afforded to them by law applied to the Housing Financing Fund. The Housing Financing Fund similarly took over all rights and duties related to debt certificates owned by the State Building Fund and the Workers’ Housing Fund and was to take their place in any litigation against them or conducted on their behalf.
Italian: Dallo stesso momento, il fondo per il finanziamento degli alloggi ha assunto le loro funzioni, diritti, patrimonio, responsabilità e obblighi (articolo 53 della legge), ha assunto i diritti e i privilegi che la legge riconosceva ai due fondi e i diritti e gli obblighi connessi ai certificati di debito che possedevano ed è subentrato ad essi in ogni controversia sollevata nei loro confronti o per loro conto.
English: Having obtained the approval of the Minister of Social Affairs, the Fund may decide to commit the safe-keeping of its assets to others, in part or in whole. Care shall be taken that the Fund possesses, at all times, adequate liquid funds to honour its obligations.
Italian: Previa approvazione del ministro degli Affari sociali, il fondo può decidere di affidare la custodia del suo patrimonio ad altri, del tutto o in parte, ma deve aver cura di disporre sempre delle liquidità sufficienti per far fronte ai propri obblighi.
English: A mortgage bond was to be index linked and have the same lending terms as the housing bonds, exchanged for the mortgage bond, in addition to interest margin (cf. Article 19 of the Act). This margin could be set so that it covered the Housing Bonds Division’s operating expenses and estimated losses from outstanding loans (cf. Article 28 of the Act).
Italian: Un titolo ipotecario era indicizzato e sottoposto agli stessi termini di finanziamento degli housing bond, con i quali era scambiato, e gli veniva applicato un margine di interesse (articolo 19 della legge) che poteva essere fissato in modo tale da coprire le spese di gestione del servizio per gli housing bond e le perdite stimate sui prestiti in corso (articolo 28 della legge).
English: The Minister of Social Affairs was to set a regulation further outlining the requirements for granting additional loans. The following criteria were to be considered for granting those loans: family size, assets, income, apartment size and type of housing.
Italian: Era compito del ministro degli Affari sociali adottare un regolamento per definire le condizioni per la concessione dei prestiti supplementari, per la quale erano da considerare i seguenti criteri: dimensione del nucleo familiare, patrimonio, reddito, dimensione e tipo di abitazione.
English: Article 8 stated that the applicant had to pass an evaluation of payment ability. In Article 4 it was stated that the municipalities were permitted to create further guidelines for the housing committees to take into consideration.
Italian: L’articolo 8 affermava che occorreva valutare la capacità di pagamento del richiedente e a tale scopo l’articolo 4 autorizzava i comuni a elaborare ulteriori orientamenti destinati ai comitati per gli alloggi.
Latvian: To 8. pantā bija noteikts, ka pretendentam jāiztur maksātspējas novērtējums, savukārt 4. pantā bija paredzēts, ka pašvaldības drīkst noteikt turpmākas vadlīnijas, kas jāņem vērā mājokļu komitejām.
English: ‘The Housing Financing Fund shall keep its revenues and expenses in balance, and shall make advance plans in this regard. The Fund shall establish a risk management system for this purpose.
Italian: «Il fondo per il finanziamento degli alloggi deve mantenere l’equilibrio fra le sue entrate e uscite e a tal fine deve elaborare piani previsionali e stabilire un sistema di gestione del rischio.
English: Furthermore, as a consequence of the raising of the limit for general loans, Chapter VII of the Act, on additional loans, was abolished. In the comments to Article 4 of the bill, which abolished Chapter VII of the Housing Act on additional loans, inter alia, the following explanations were provided:
Italian: Inoltre, come conseguenza dell’aumento del limite massimo per i prestiti ordinari, è stato abolito il capitolo VII sui prestiti supplementari della legge in materia di alloggi; le osservazioni all’articolo 4 del disegno di legge che lo ha abrogato forniscono, tra altre, le seguenti motivazioni:
English: The legal basis for the tax exemption was at the time of entry into force of the EEA Agreement laid down in paragraph 1 of Article 4 of Act No 75/1981 on Income and Property Tax. The present Act on Income Tax is a consolidated version of Act No 75/1981 on Income and Property Tax.
Italian: Al momento dell’entrata in vigore dell’accordo SEE, la base giuridica per l’esenzione fiscale era definita dal paragrafo 1 dell’articolo 4 della legge n. 75/1981 relativa all’imposta sul reddito e sul patrimonio, della quale l’attuale legge sull’imposta sul reddito rappresenta una versione consolidata.
English: Where a State institution is permitted by law to charge more than costs or, as for example in the case of HFF, earn a return on funds it keeps (cf. Article 11 of the Housing Act), a separate legal basis is required for the institution to pay dividends to the Icelandic StateThis understanding of Icelandic law is confirmed in the Icelandic Government’s letter of 15 April 2008 where the following is stated: In accordance with the Government Financial Reporting Act No 88/1997, the general practice is that public entities are only required to generate profit if they are obliged to do so by law. Furthermore, a legal basis is required if a public entity is required to pay dividends.
Italian: Quando un’istituzione statale è autorizzata dalla legge a chiedere un prezzo superiore al costo o, come nel caso dell’HFF, a ottenere un rendimento dai fondi che amministra (articolo 11 della legge in materia di alloggi), occorre una base giuridica distinta affinché l’istituzione paghi i dividendi allo Stato islandese.Questa interpretazione della legge islandese è confermata nella lettera del 15 aprile 2008 del governo di Islanda, che afferma: «In conformità con la legge sulla rendicontazione finanziaria del governo, n. 88/1997, la prassi generale è che gli enti pubblici sono tenuti a generare un profitto solo se previsto dalla legge e a pagare i dividendi solo se stabilito da un’apposita base giuridica.
English: In its letter of 28 March 2008, the SFF has argued that the relevant legal test should consist of a comprehensive assessment of the HFF system rather than an individual analysis of the identified possible aid measures. In the opinion of SFF, the individual components of the system are so closely interwoven that it would amount to an unjustified artificial division to split them up in the assessment of whether the measures have the character of new or existing measures.
Italian: Nella lettera del 28 marzo 2008, l’SFF ha argomentato che l’esame giuridico pertinente deve consistere in una valutazione complessiva del sistema HFF piuttosto che in un’analisi delle possibili misure di aiuto individuate prese singolarmente: a suo parere, le singole componenti del sistema sono così strettamente collegate che isolarle al fine di valutare se si tratta di misure di aiuto nuove o esistenti costituirebbe una separazione artificiale e non giustificata.
English: In the opening decision, the Authority took the preliminary view that the exemption of HFF from the Banking Directive did not constitute State aid. However, it found that the question raised such doubts that it was useful to assess the question under the formal investigation procedure.
Italian: Nella decisione di avvio del procedimento, l’Autorità ha espresso il parere preliminare che la non applicabilità della direttiva bancaria all’HFF non costituisce aiuto di Stato: essa ha tuttavia ritenuto che la questione sollevava dubbi tali da rendere utile la sua valutazione nell’ambito del procedimento di indagine formale.
English: Pursuant to that provision, the Authority shall, in cooperation with the EFTA States, keep under constant review all systems of aid existing in those States. It shall propose to the latter any appropriate measures required by the progressive development or by the functioning of the EEA Agreement.
Italian: In conformità con questa disposizione, l’Autorità procede con gli Stati membri EFTA all’esame permanente dei regimi di aiuti esistenti in questi Stati e propone loro le opportune misure richieste dal graduale sviluppo o dal funzionamento del SEE.
English: Where existing aid is involved, the Authority has to follow the procedure for existing aid [34]. Accordingly, in such a case the Authority would have to close the formal investigation procedure and open the different procedure for existing aid laid down in Articles 17 to 19 in Part II of Protocol 3 SCA [35].
Italian: Qualora si tratti di aiuto esistente, l’Autorità deve seguire l’apposita procedura [34]: in tal caso l’Autorità chiude perciò il procedimento di indagine formale e avvia il procedimento diverso per un aiuto esistente stabilito negli articoli dal 17 a 19 della parte II del protocollo 3 dell’accordo sull’Autorità di vigilanza e la Corte [35].
English: In contrast, the Commission has not looked into legal changes, which are not a part of the aid measure in question.In relation to individual aid measures, such as licence fees for a public broadcaster, this approach has led the Commission to examine the conditions under which the relevant fee is being used, the reason being that these conditions form an integral part of the aid measure concerned [40].Where the aid measure concerned has consisted of an aid scheme not granted for any particular activity, such as for example public undertakings benefiting from a state guarantee merely because the undertaking is organised as part of the State, the Commission focussed on whether the aid measure itself (the scheme consisting of a State guarantee for all such undertakings) had been subject to substantial changes. As in this latter situation the rules pertaining to each aid beneficiary do not form part of the aid measure, the Commission has not looked into the specific rules regulating the activities of the each of the aid beneficiaries.
Italian: La Commissione non ha invece tenuto conto dei cambiamenti giuridici, che non sono parte della misura di aiuto in questione.Relativamente alle singole misure di aiuto, come il pagamento del canone ad un emittente radiotelevisivo pubblico, questo approccio ha portato la Commissione a prendere in esame le condizioni di utilizzo della tassa in questione, poiché esse sono parte integrante della misura di aiuto in esame [40].Quando la misura di aiuto in questione consiste in un regime di aiuti non concesso per un’attività particolare, come nel caso di imprese pubbliche che beneficiano della garanzia statale esclusivamente per la loro natura pubblica, la Commissione ha valutato se la misura in sé (il regime costituito dalla garanzia di Stato per tutte le imprese di quel tipo) è stata oggetto di modifiche sostanziali.
English: Nothing in these general tax provisions, be that in relation to the HFF or to any other beneficiary of the exemption, was changed as a consequence of the changes to the housing loan system brought about after 1 January 1994. Moreover, the changes to the housing loan system neither intrinsically nor remotely affected this scheme.
Italian: Successivamente alle modifiche introdotte nel sistema di prestiti per gli alloggi dopo il 1o gennaio 1994, niente è cambiato in queste disposizioni fiscali generali, sia relativamente all’HFF che a qualsiasi altro beneficiario dell’esenzione: per di più, dette modifiche non riguardavano minimamente questo regime.
Polish: Nic nie uległo zmianie w tych ogólnych przepisach podatkowych, czy to w stosunku do FFM czy jakiegokolwiek innego beneficjenta, którego dotyczy zwolnienie od podatku, na skutek zmian w systemie kredytów mieszkaniowych wprowadzonych po 1 stycznia 1994 r. Ponadto zmiany w systemie kredytów mieszkaniowych nie wpłynęły, ani bezpośrednio ani też pośrednio na ten program.
English: Also with respect to property tax, this Act merely consolidated rules already found in the abovementioned Act No 75/1981 on Income and Property Tax. The property tax is now abolished altogether.
Italian: Sempre riguardo all’imposta sul patrimonio, quest’ultima legge consolidava semplicemente delle norme già rintracciabili nella legge n. 75/1981 sopracitata, relativa all’imposta sul reddito e sul patrimonio.
English: The Fund received direct budgetary contribution, inter alia, to cover its expenses for these loans. As the Workers’ Housing Fund was a public institution, the Icelandic State was ultimately liable for the losses related to this lending category if the direct contributions were not sufficient to cover the Fund’s losses.
Italian: Il fondo riceveva un contributo diretto di bilancio a copertura, fra l’altro, dei suoi costi connessi a tali prestiti: se i contributi diretti non fossero stati sufficienti a coprire le perdite del fondo, lo Stato islandese era l’ultimo responsabile per le perdite connesse a questa tipologia di prestiti in virtù della natura pubblica del fondo per gli alloggi sociali.
English: The abolition of direct state contributions to certain activities, does not constitute a change in the financing of another measure. Hence, such abolition cannot have an impact on the classification of the character of the remaining measure.
Italian: L’abolizione dei contributi statali diretti a favore di certe attività non costituisce un cambiamento nel finanziamento di un’altra misura: non può avere perciò alcun impatto sulla qualificazione della natura delle restanti misure.
English: Irrespective of the nature of these changes they did not concern this aid measure, which only provides for losses incurred by the Fund in relation to loans for social rental apartments. Indeed, the raising of the ceiling for general loans was not connected to this loan category.
Italian: A prescindere dalla natura di questi cambiamenti, essi non riguardano questa misura di aiuto, prevista solo per le perdite sostenute dal fondo relativamente ai prestiti per gli appartamenti sociali destinati alla locazione.
English: Seventh, by Act No 120/2004, the limit of the HFF’s general loan category was raised to 90 % of the appraised value of property. As a consequence, Chapter VII of the Act on additional loans was abolished.
Italian: In settimo luogo, con la legge n. 120/2004, il limite massimo dei prestiti ordinari dell’HFF è stato elevato al 90 % del valore stimato del bene immobiliare e di conseguenza, il capitolo VII della legge sui prestiti supplementari è stato abolito.
Lithuanian: Septinta, Įstatymu Nr. 120/2004 BFF bendrųjų paskolų rūšies limitas padidintas iki 90 % nustatytos nuosavybės vertės, todėl panaikintas įstatymo VII skyrius dėl papildomųjų paskolų.
English: Act No 120/2004 altered nothing with the regard to the public service activities of the HFF system. The aim of the Housing Act remained the same, the aid recipient was still only the HFF and its operations were essentially unchanged.
Italian: La legge non ha apportato alcuna modifica riguardo alle attività di servizio pubblico del sistema HFF; l’obiettivo della legge in materia di alloggi è rimasto invariato, l’unico beneficiario era sempre l’HFF e le sue attività erano essenzialmente immutate.
English: Chapter VIII of Act No 97/1993 laid down rules regarding housing cooperatives. These rules were not carried over to the Housing Act of 1998.
Italian: Il capitolo VIII della legge n. 97/1993 definiva le norme relative alle cooperative per gli alloggi, che non sono state riportate nella legge in materia di alloggi del 1998.
English: ‘Loans extended by the Housing Financing Fund shall be paid out in cash.
Lithuanian: Prieš išmokant paskolą paskolos gavėjas pateikia ir oficialiai registruoja paskolos gavėjo hipotekos priemonę.
English: Before a loan is paid out, the borrower shall issue a borrower’s mortgage instrument and have it officially recorded.
Lithuanian: Kiekvieno paskolos gavėjo hipotekos priemonė bus indeksuojama pagal vartotojų kainų indeksą, plg.
English: Moreover, none of the changes to the operation of HFF described above in Section I.2 implied any such change. The nature of the advantage was exactly the same and so was the legal basis for the aid.
Lithuanian: Be to, nė vienas iš I skyriaus 2 dalyje aprašytų BFF valdymo pokyčių neturėjo poveikio šio privalumo pobūdžiui ar jo teisiniam pagrindui.
English: As shown above in Section 2.2.3.1, the aim of the Housing Act is the same as the one pursued under the Act No 97/1993. Second, as referred to above, there is consistent Commission practice to the effect that a change of legal personality of the aid recipient is not relevant for the classification of the aid.
Slovak: Ako sa uvádza v oddiele 2.2.3.1 tohto rozhodnutia, zákon o bývaní sleduje totožný cieľ ako zákon č. 97/1993.Po druhé, ako už bolo uvedené, zaužívanou praxou Komisie je nezohľadňovať zmenu právnej subjektivity príjemcu pomoci, z titulu jej irelevantnosti pre klasifikovanie pomoci.
Latvian: Kā norādīts 2.2.3.1. iedaļā, Mājokļu likuma mērķis ir tāds pats kā saskaņā ar Likumu Nr. 97/1993.Otrkārt, kā minēts iepriekš, saskaņā ar Komisijas vienoto praksi atbalsta saņēmēja juridiskās personas statusa maiņa neietekmē šā atbalsta klasifikāciju.
Lithuanian: Kaip išdėstyta 2.2.3.1 skirsnyje, Būsto įstatymu siekiama to paties tikslo kaip ir Įstatymu Nr. 97/1993.Antra, kaip nurodyta, yra nusistovėjusi nuosekli Komisijos praktika klasifikuojant pagalbą pagalbos gavėjo teisinės tapatybės pasikeitimą laikyti neaktualiu.
English: The nature of the advantage was exactly the same and so was the legal basis for the aid. Nor did the purpose of this non-individual measure, which goes far beyond the particularities of the housing loan system and applies generally to all State institutions, change as a consequence of the changes to the housing loan system brought about by the Housing Act [44].
Latvian: Tāpat arī mērķis šim vispārējam pasākumam, kurš ietver daudz vairāk nekā mājokļu aizdevumu sistēmas īpatnības un ir plaši piemērojams visām valsts iestādēm, nemainījās to grozījumu rezultātā, kas tika ieviesti mājokļu aizdevumu sistēmā saskaņā ar Mājokļu likumu.
English: Nor did the purpose of the principle, which goes far beyond the particularities of the housing loan system and applies generally to all State institutions, change as a consequence of the alterations made to the housing loan system. In other words, those legislative changes were not only separable from this possible aid measure, but wholly unconnected thereto.
Dutch: Noch veranderde het doel van het beginsel, dat veel verder reikt dan de bijzonderheden van het leningstelsel voor huisvesting en algemeen op alle overheidsinstellingen van toepassing is, als gevolg van de aan het leningstelsel voor huisvesting aangebrachte wijzigingen.
Latvian: Tāpat arī to grozījumu rezultātā, kas tika ieviesti mājokļu aizdevumu sistēmā, nemainījās šā principa mērķis, kurš ietver daudz vairāk nekā mājokļu aizdevumu sistēmas īpatnības un ir plaši piemērojams visām valsts iestādēm.
English: Moreover, the scheme would constitute existing aid as it existed prior to the entry into force of the EEA Agreement (cf. Article 1(b) in part II of Protocol 3 to the Surveillance and Court Agreement). Only if it were found that the relief from the payment of dividends could not be derived from the general principles of Icelandic public law, but rather followed from the Housing Act and its predecessors, could the conditions under which the different housing bodies were operated become part of the compatibility assessment on new aid.
Latvian: Tādējādi, ja atbrīvojums no dividenžu maksājumiem jāuzskata par atbalsta pasākumu, tad šis pasākums jāuzskata par atbalsta shēmu, kas atbilst Uzraudzības un Tiesas nolīguma 3. protokola II daļas 1. panta d) apakšpunktā dotajai definīcijai.
English: ‘(a)
Slovenian: „(a)
Romanian: „(a)
Maltese: “(a)
English: Changes in the legislation regulating the operation of the public banks have frequently taken place. Establishing new banks by law, merging and splitting up public banks and other changes in the legislation governing the public banks may certainly affect the activity of the undertaking and may have an impact on the functioning of the common market, on competition or simply on the actual amount of aid which is available to the undertakings.
Maltese: It-twaqqif ta’ banek ġodda permezz ta’ liġi, l-amalgamazzjoni u l-qsim ta’ banek pubbliċi u tibdil ieħor fil-leġiżlazzjoni li tirregola l-banek pubbliċi tista’ ċertament taffetwa l-ħidma tal-impriża u jista’ jkollha impatt fuq it-tħaddim tas-suq komuni, il-kompetizzjoni jew sempliċiment fuq l-ammont attwali ta’ għajnuna li hija disponibbli għall-impriżi.