Source: https://www.global-regulation.com/translation/germany/384779/regulation-on-the-old-debt-assistance-act.html
Timestamp: 2018-10-19 06:47:02
Document Index: 521344640

Matched Legal Cases: ['art. 1', '§ 6', '§ 1', '§ 4', '§ 2', '§ 2', '§ 1', '§ 1', '§ 4', '§ 7', '§ 1', '§ 4', '§ 5']

Machine Translation of "Regulation On The Old Debt Assistance Act" (Germany)
Regulation On The Old Debt Assistance Act
Original Language Title: Verordnung zum Altschuldenhilfe-Gesetz
Read the untranslated law here: http://www.gesetze-im-internet.de/ahgv/BJNR173400000.html
Regulation on the old debt assistance Act (old debt assistance regulation - AHGV) AHGV Ausfertigung date: 15.12.2000 full quotation: "old debts help regulation of 15 December 2000 (BGBl. I S. 1734), by article 1 of the Act of November 10, 2008 (BGBl. I S. 2179) has been changed" stand: amended by art. 1 G v. 10.11.2008 I 2179 for details on the stand number found in the menu see remarks footnote (+++ text detection from: 1.1.2001 +++) input formula on the basis of § 6a of the old debt help law , by article 1 No. 3 of the Act of 28 August 2000 (Federal Law Gazette I p. 1304) is been inserted, decreed the Federal Government: § 1 additional relief of old liabilities (1) eligible housing associations a discharge amount may be granted § 4 of the old debt help law, subject to available budgetary resources of the Federal Government. It is used to pay off old debt and subsequent great liabilities and is calculated according to the extent of the reduction in living room.
(2) the amount of the relief may be granted only if 1 standing empty demolished living space for application comprises at least 15 percent of own habitation of the company including the since 1 January 1998, 2 the applicant in his livelihood as a result of the financial burden by not rented living area is at risk, 3. the reduction in housing is necessary component of a viable restoration concept for the applicant, considers the urban aspects , the country participates in the, to which the credit institution is contributing funding at least in the amount of the waiver of compensation, 4. the vacancy rate, the existence of risk of the company and the restructuring of an auditor are confirmed and 5. legally binding his agreement to repay the debt explains the credit institution.
§ 2 recognized pursuant to § 2 para 1 sentence 2 of the old debt help law old liabilities reduced by the preserved relief of part of as of 1 January 1994 are calculation of discharge calculation basis. The relief amount calculated pursuant to sentence 1 per square metre of total living space of the applicant, but not more than 150 German mark from the height of the average old liability reduced by 8 percent, multiplied by the number of square metres of to jazzy No. 3 after restructuring in accordance with § 1 para 2 or demolished since 1 January 2000 habitation of the applicant. The relief amount must not exceed the land contribution to the restructuring plan in accordance with § 1 para 2 No. 3.
Section 3 entitlement and period grant are companies to section 2 para 1 No. 1 and no. 3 of the old debt assistance Act, have received the old debt relief after § 4 or § 7 of the old debt help law. The request is in writing, enclosing the according to § 1 para 2 until December 31, 2003 to no. 4 and 5 necessary confirmations and statements.
§ 4 prerequisite for that benefit can a decision concerning the granting of the relief amount be done before demolition of the living space. The execution of the demolition or dismantling of the building no later than 31 December 2013 and the commitments of the apartment company according to § 5 of the old debt assistance act or by the Kreditanstalt für Wiederaufbau, confirmation that the company is not responsible for failure to comply with are prerequisites for granting performance itself.
Article 5 entry into force this regulation enters into force on 1 January 2001.