Source: https://www.global-regulation.com/translation/denmark/610577/ordinance-to-the-law-on-state-guarantees-for-loans-to-young-farmers%252c-etc.html
Timestamp: 2019-04-24 16:43:28+00:00

Document:
Hereby promulgated the Act on State guarantee for loans to young farmers, etc., see. lovbekendtgørelse nr. 856 of 25. August 2008, with the changes resulting from section 65 of Act No. 1336 of 19. December 2008 and by Act No. 95 of 10. February 2009.
(2). The Minister also provides State guarantees for loans, see. (1) for partnerships, see. section 5 (a).
(3). The loan must be paid no later than 6 months after the notification of the commitment of the State guarantee for the loan.
(4). In the loan pays borrowers a premium. The Minister shall determine the premium.
(5). The premium referred to in paragraph 4 shall accrue to the Exchequer.
(6). The Minister shall lay down detailed rules concerning the levying of the premium.
§ 5 a. State guarantee, subject to article 20. section 4, shall be granted in respect of loans to partnerships, who first acquires an agricultural holding and driver this at your own risk.
(2). It is a condition that the partnership is based on a written partnership contract, which must be approved by the Minister for food, agriculture and fisheries. The Minister must also approve the changes in the partnership contract.
(3). It is a condition that at least one of the stakeholders are under 40 years of age and have not previously established himself as a self-employed farmer.
4) is engaged in the holding, as provided for in the agricultural sciences. (1) at least 833 hours per year, calculated on the basis of standard hourly rates.
3) has a needs at least 833 labour hours per year, calculated on the basis of standard hourly rates.
(6). The conditions that the stakeholder community to drive agricultural holding at its own expense and risk, see. paragraph 1, that persons covered by paragraph 3 must own a stake in the partnership of at least 20 percent and have a power of at least 20 per cent of the basic regulation. paragraph 4, nr. 1, to persons covered by paragraph 3 shall be employed on the holding, as provided for in the agricultural sciences. (1) at least 833 hours per year, calculated on the basis of standard hourly rates, see. paragraph 4, nr. 4, and that the agricultural holding must have a labour needs at least 833 hours per year, calculated on the basis of standard hourly rates, see. paragraph 5, nr. 3, must be fulfilled throughout the loan term.
(7). The Minister of food, agriculture and fisheries may, when special circumstances, derogate from the conditions that the partnership acquires a agricultural holding for the first time, see. paragraph 1, that the partnership will operate agricultural holding at its own expense and risk, see. paragraphs 1 and 6, and to persons covered by paragraph 4, nr. 2, meet the training requirements.
(8). The Minister shall lay down detailed rules concerning the compliance with the mentioned in paragraphs 1 to 5 terms.
§ 7. The Minister of food, agriculture and fisheries can take agreement with one or more mortgage companies that the Foundation provides loans after that law against State guarantees, without prejudice. § § 5, 5 (a) and 10 as well as section 13 (8).
§ 8. Udmålings-base for the loan in accordance with § 9 of the basic regulation. sections 5 and 5A, the actual trading price of agricultural farm converted to cash trading price. The cash trade price shall be corrected for changes in agricultural holding's business assets made before the date of the application. Udmålings basis may not, however, exceed it by a valuation of the agricultural holding made by the lending institution at the time of application and ascertained by the Minister for food, agriculture and fisheries, approved the cash market value. The Minister may lay down detailed rules on udmålings basis, about the conversion of the actual trade price for cash trading price, about correction of the cash business award and on the estimation of the cash market value.
(4). Loans under section 5 (a), paragraph 1, meted out in proportion to the shares in the partnership, which belong to persons who satisfy the conditions set out in section 5 (a). Only stakeholder community assets relating to the agricultural holding can be included in the udmålings base.
(5). The Minister may lay down rules on the reduction of udmålings base, if the candidate receives the aid or aid granted in accordance with other legislation takes over for investments in the farm business assets.
§ 9. Loans for land users who obtain State guarantee pursuant to section 5, amounts to 20 per cent of the portion of the udmålings amount that exceeds 500,000 DKK Loan can be up to a maximum of 24,500,000 DKK meted out the applicant shall not be required to apply for a maximum loan. If a farmer has been ordered measure of loans to one or more partnerships, see. section 5 (a), and the loan is not repaid, measured the total udmålings the basis for loans for the person concerned, in accordance with article 3. § 5, and to partnerships, see. section 5 (a), in respect of the loan, which is induced meted out by the person concerned, shall not exceed $ 24,500,000.
(2). Loans to partnerships, obtaining the State guarantee under section 5 (a), make up 20 percent of the portion of the udmålings amount that exceeds 500,000 DKK Loan can be up to a maximum of 24,500,000 DKK meted out the applicant shall not be required to apply for a maximum loan. If multiple stakeholders meet the conditions under section 5 (a), shall be increased in 1. and 2. item amount referred to accordingly.
(3). Loans in accordance with paragraphs 1 and 2 shall be granted as a 20-year nominal rate loan and repaid after the annuity principle. The Minister of food, agriculture and fisheries shall lay down detailed rules concerning the granting of the loan.
(4). The loans must be secured by liens on oprykkende in soil properties after the users existing mortgages, so that loans in connection with the balance outstanding on these mortgages get mortgage security within 95% of the market value of cash, as referred to in their configuration. § 8, paragraph 1. The Minister may, where special circumstances justify it, allow the loans granted on the basis of the State guarantee in accordance with §§ 5 and 5 (a) and section 10 of the basic regulation. sections 5 and 5A, achieves the mortgage security in addition to 95 per cent of the property cash market value.
(5). By loans under this law do alone to whom the loan is granted, to be sustained by mortgage letter as a customer.
(6). The Minister may set a maximum limit for the in (2), (4). paragraphs, see. 2. the amounts referred to in item,.
§ 10. State guarantee, subject to article 20. section 4, shall be granted for one or more additional loans to a borrower who has not achieved maksimumslån of the basic regulation. § 9, until the maximum loan has been achieved. The applicant shall not be required to apply for a maximum loan. The loan is granted and guaranteed as stated in § 9, paragraph 3-5.
(3). It is a condition of the State guarantee for the loan in accordance with paragraph 1, that the person concerned meet the requirements of § 5 (2). 3-6 and section 5, paragraph 4, under the conditions laid down, and that the agricultural holding fulfils the in clause 5 (3) and (4) under the conditions laid down. It is also a condition of the State guarantee for the loan in accordance with paragraph 1, that persons in a business partnership, which satisfies the conditions laid down in section 5 (a), satisfies the in clause 5 (a), paragraph 4, nr. 3 and 4, and article 5 a, paragraph 6, under the conditions laid down, as well as achieve a power which is at least equal to the acquired share. It is also a condition of the State guarantee for loans made to a partnership, see. 2. point that agricultural holding fulfils the conditions set out in section 5 (a), paragraphs 5 and 6, and that the partnership operates the farm on their own account and risk, see. section 5 (a), paragraph 1.
(4). The Minister of food, agriculture and fisheries may, when special circumstances, derogate from the conditions laid down in article 5, paragraph 2, no. 6, and section 5, paragraph 4. The Minister may also, when special circumstances, derogate from the condition in clause 5 (a), paragraph 1, to drive agricultural holding at its own expense and risk.
(6). At a stakeholder's acquisition of assets referred to in paragraph 2, for which the State guarantee granted in accordance with paragraph 1, meted out the loan in accordance with the provisions of paragraph 5, 1.-3. paragraph, in relation to the shares in the partnership, which belong to persons who satisfy the conditions set out in section 5 (a). Only stakeholder community assets relating to the agricultural holding can be included in the udmålings base. The Minister may lay down detailed rules for the granting of State guarantee for loans under paragraph 1, including capital adequacy requirement, see. section 5 (a), paragraph 4, nr. 3.
(7). The loan amounts to 20 per cent of the basis, see udmålings. (5).
(3). Udmålings amount on applications for loans on the basis of the acquisition of first-time start-up farm after the 1. January 2006 represents the amount of the value of the payment entitlements provided for in the documentary evidence or in any other document issued in connection with the acquisition of first-time start-up farm. In udmålings base can only enter into payment entitlements relating to the acquired first-time start-up feat.
(2). The loan is due for repayment by change of ownership, see. However, section 14, and by sale of the shares in the partnership, which belong to persons who satisfy the conditions set out in section 5 (a), as well as by dissolution or termination of the partnership.
(3). The loan must be reduced proportionally if a borrower disposes of a share of stock of the mortgaged property, and from the sale of the shares in the partnership, which belong to persons who satisfy the conditions set out in section 5 (a).
(5). The Minister may determine that the loan to be required today if the conditions laid down in article 5, paragraph 4, or section 5 a, paragraph 6, are no longer satisfied, and if conditions made in connection with the granting of State guarantee, or in connection with the granting of the loan are not met. The Minister may also determine that the loan to be required today if it is taken over by the borrower's spouse or common-law partner and the conditions are no longer fulfilled.
(7). The Minister may, if the borrower, including a stakeholder, if a partnership has been granted State guarantee for a loan, overrides its obligations under rules issued under section 20, paragraph 1, or duties pursuant to article 20, paragraph 3, and § 21, determine that the loan to be required.
(2). The Minister may lay down detailed rules on the conditions under which, moreover, must be met in order to obtain the authorisation referred to in paragraph 1 to take over the loan.
(3). The operator of an agricultural holding, including a stakeholder, if a partnership has been granted State guarantee for a loan, or any other company referred to in article 6. (2) to provide the necessary guidance and assistance in the implementation of the checks referred to in paragraph 2, the material needs to be released or sent to the controlling authorities on their request.
§ 21. The beneficiary of the aid, including a stakeholder, if a partnership has been granted State guarantee for a loan, throughout the period in which the conditions for aid in accordance with the law must be met, at the Minister of food, agriculture and fisheries request, see. However, § 18, paragraphs 3-5, declare whether or not the conditions for aid continues to be met.
§ 23 and 23 (a). (repealed).
(2). For loans in which the rules of the law on State guarantees and interest subsidies, and more by lending to young farmers, in accordance with article 3. lovbekendtgørelse nr. 1186 of 23. December 1994 pursuant to paragraph 1 shall continue to apply, the Minister for food, agriculture and fisheries, obtain such information from the Customs and tax administration, which is necessary in evaluating whether loan conditions continue to be met.
(3). For loans in which the rules laid down in law No. 397 of 14. June 1995 on State guarantee and performance supplements by loans to young farmers pursuant to paragraph 1 shall continue to apply, the application for supplemental loans have been submitted to the finance agency no later than 31 December. December 2009.
(4). Regulations issued pursuant to the provisions of law, repealed in paragraph 1 shall remain in force for loans and grants allocated on the basis of applications filed before the time of the termination, until they are repealed or replaced by regulations issued pursuant to this Act.
(3). The Minister may, in connection with the bringing into force of this Act in full or in part shall take measures for the total or partial repeal of Chapter 1, 2, 4 and 5 of the law on support for rural development (rural subsidy code), see. lovbekendtgørelse nr. 1015 of 9. October 2006.
The law shall enter into force on the 1. January 2010.
Ministry of food, agriculture and fisheries, the 10. December 2009 Eva Kjer Hansen/Soren S Official notes 1) relate to other legislation, see. lovbekendtgørelse nr. 1015 of 9. October 2006.

References: § 5

§ 7
 § 5

§ 8
 § 9

§ 9
 § 5
 § 8

§ 10
 § 9
 § 9
 § 5
 § 21

§ 21
 § 18

§ 23