natgillin/translations-raw huggingface dataset:
Each borrower’s mortgage shall be price-indexed by the consumer price index (cf. the Consumer Price Index Act), and shall bear interest as provided for in Article 21.’
Vsaka hipoteka posojilojemalca se indeksira z indeksom cen življenjskih potrebščin (glej Zakon o indeksu cen življenjskih potrebščin), pripišejo pa se ji obresti, kot je določeno v členu 21.“
Sub-paragraphs 2 and 3 of Article 10 of the Act, concerning the financing of the Fund were amended to correspond to the abolition of the housing bond system:
Pododstavka 2 in 3 člena 10 Zakona v zvezi s financiranjem Sklada sta bila spremenjena, da bi ustrezala odpravi sistema stanovanjskih obveznic:
‘The Housing Financing Fund shall finance the tasks committed to by this Act in the following manner:
„Sklad HFF financira naloge, za katere je zadolžen v skladu s tem zakonom:
By returns on the Fund’s own capital, i.e. instalments, interest and price indexation payments on extended loans.
z donosi iz lastnega kapitala Sklada, torej obroki, obrestmi in plačili za podaljšana posojila zaradi indeksacije cen;
By the issue and sale of HFF bonds, and by borrowing as may be provided for the Budget Act at any particular time.
z izdajo in prodajo obveznic HFF ter najemanjem posojil, kot je lahko kadar koli določeno v Zakonu o proračunu;
By service charges as provided for in Article 49.’
z zaračunavanjem storitev, kot je predvideno v členu 49.“
Even though the service charges were not previously listed in Article 10 as a means of financing, the referred Article 49 was a part of the Act from its entry into force and had not been changed.
Čeprav zaračunavanje storitev prej ni bilo navedeno v členu 10 kot način financiranja, je bil navedeni člen 49 del Zakona od njegovega začetka veljavnosti in se ni spremenil.
By Article 5 of the Act No 57/2004, two new paragraphs were added to Article 11 of the Housing Act on management of assets and liabilities:
V členu 5 Zakona št. 57/2004 sta bila členu 11 Stanovanjskega zakona dodana nova odstavka o upravljanju sredstev in obveznosti:
‘The Housing Financing Fund shall keep its revenues and expenses in balance, and shall make advance plans in this regard.
„Sklad HFF ohranja uravnoteženost svojih sredstev in obveznosti ter v zvezi s tem pripravi predhodne načrte.
The Fund shall establish a risk management system for this purpose.
Sklad za ta namen vzpostavi sistem obvladovanja tveganja.
The Housing Financing Fund may conduct trade in its own financing bonds and other securities.
Sklad HFF lahko trguje s svojimi obveznicami za financiranje in drugimi vrednostnimi papirji.
Having obtained the opinion of the board of the Fund and the Financial Supervisory Authority, the Minister shall, by Regulation, issue provisions on the Fund’s risk criteria, risk management, internal control and its trade in securities.’
Minister po prejemu mnenja sveta Sklada in finančnega nadzornega organa z Uredbo sprejme določbe o merilih tveganja, obvladovanju tveganja in notranjem nadzoru Sklada ter njegovem trgovanju z vrednostnimi papirji.“
Several other amendments were made by Act No 57/2004.
Z Zakonom št. 57/2004 so bile sprejete tudi druge spremembe.
They were mostly related to issues, which can be termed as technical changes connected with the abolition of the bond swap system (cf. Articles 9 to 20 of the amending Act).
Večinoma so bile povezane z vprašanji, ki se lahko označijo kot tehnične spremembe v zvezi z odpravo sistema zamenjave obveznic (glej člena 9 in 20 novele zakona).
This Act did not change anything regarding the substance of the general loans or who was eligible to receive them.
S tem zakonom se ni spremenilo nič v zvezi z vsebino splošnih posojil ali osebami, ki so do njih upravičene.
Act No 120/2004
Zakon št. 120/2004
By Act No 120/2004, which entered into force on 3 December 2004, the limit of the Housing Financing Fund’s general loans was raised to 90 % of the appraised value of property from the former maximum value of 70 %, and the Minister of Social Affairs was given the power to change that amount by way of administrative regulation (cf. Article 19 of the Housing Act).
Z Zakonom št. 120/2004, ki je začel veljati 3. decembra 2004, se je omejitev za splošna posojila sklada HFF dvignila na 90 % ocenjene vrednosti nepremičnine s prejšnje najvišje vrednosti 70 %, minister za socialne zadeve pa je dobil pooblastilo, da ta znesek spremeni z upravnim predpisom (glej člen 19 Stanovanjskega zakona).
Furthermore, as a consequence of the raising of the limit for general loans, Chapter VII of the Act, on additional loans, was abolished.
Poleg tega je bilo zaradi dviga omejitve za splošna posojila odpravljeno Poglavje VII Zakona o dodatnih posojilih.
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:
V pripombah k členu 4 predloga zakona, s katerim se je odpravilo Poglavje VII Stanovanjskega zakona o dodatnih posojilih, so bile med drugim naslednje obrazložitve:
‘If the bill should become law, all property buyers will have the possibility of 90 % loans and the need for additional loans will therefore no longer exist.
„Če bo predlog zakona postal zakon, bodo imeli vsi kupci nepremičnin možnost posojil v vrednosti 90 %, zato ne bodo več potrebna dodatna posojila.
This change has resulted in substantially better terms for buyers with few assets and low income.
Zaradi te spremembe so se precej izboljšali pogoji za kupce z majhnim premoženjem in nizkimi prihodki.
Therefore, under the current circumstance there is no reason to provide for a separate loan category for that group.’
Zato v trenutnih razmerah ni razlogov za zagotavljanje ločene kategorije posojil za to skupino.“
The Minister of Social Affairs has made use of his competence granted by the above Act.
Minister za socialne zadeve je izkoristil pristojnost, ki mu je bila dodeljena z zgoraj navedenim zakonom.
The maximum limit has been lowered to 80 % and raised again to 90 % but then lowered again to 80 % which is the current limit [24].
Najvišja omejitev se je znižala na 80 %, nato se je spet zvišala na 90 % in spet znižala na 80 %, kar je sedanja omejitev [24].
LEGAL BASIS UNDER ICELANDIC LAW FOR POSSIBLE STATE AID ELEMENTS
PRAVNA PODLAGA PO ISLANDSKI ZAKONODAJI ZA MOREBITNE ELEMENTE DRŽAVNE POMOČI
In its decision to initiate a formal investigation procedure, the Authority identified the following five possible state aid measures:
Nadzorni organ je v odločitvi o sprožitvi formalnega postopka opredelil naslednjih pet morebitnih ukrepov državne pomoči:
the state guarantee,
državno jamstvo,
exemption from income and property tax,
izvzetje iz davka na prihodek in nepremičninskega davka,
interest support,
subvencioniranje obresti,
no dividend payments,
neplačevanje dividend,
the HFF not being subject to capital adequacy requirements and minimum solvency ratio rules.
za sklad HFF ne veljajo zahteve kapitalske ustreznosti in pravila o najmanjši stopnji plačilne sposobnosti.
STATE GUARANTEE
DRŽAVNO JAMSTVO
The Housing Financing Fund is a State institution governed by public law (cf. Article 4 of the Housing Act No 44/1998 and compare Article 2 of the previous Act No 97/1993).
Sklad HFF je državna ustanova, ki jo zakonsko ureja javno pravo (glej člen 4 Stanovanjskega zakona št. 44/1998 in primerjaj člen 2 prejšnjega Zakona št. 97/1993).
As such, under the general unwritten rules of Icelandic public law applicable to all State institutions, it enjoys a State guarantee on all its obligations.
Kot taka je v skladu s splošnimi nepisanimi pravili islandskega javnega prava, ki se uporablja za vse državne ustanove, upravičena do državnega jamstva za vse svoje obveznosti.
The said unwritten principle of Icelandic law predates the entry into force of the EEA Agreement.
Navedeno nepisano načelo islandske zakonodaje je obstajalo že pred začetkom veljavnosti Sporazuma EGP.
Hence, it also applied to the former State Housing Agency and the three other bodies performing house financing activities before the entry into force of the Housing Act.
Zato se je uporabljalo tudi za nekdanjo Državno stanovanjsko agencijo in preostale tri subjekte, ki so opravljali dejavnosti stanovanjskega financiranja pred začetkom veljavnosti Stanovanjskega zakona.
EXEMPTION FROM INCOME AND PROPERTY TAX
IZVZETJE IZ DAVKA NA PRIHODEK IN NEPREMIČNINSKEGA DAVKA
In the opening decision, the Authority identified as a second potential State aid measure the exemption that HFF enjoys from income and property tax.
Nadzorni organ je v odločitvi o sprožitvi postopka kot drugi morebitni ukrep državne pomoči opredelil izvzetje iz davka na prihodek in nepremičninskega davka, do katerega je upravičen sklad HFF.
The State Treasury, all State institutions and all State undertakings for which the State carries unlimited liability have, long before the entry into force of the EEA Agreement, been exempted from income and property taxes (cf. now paragraph 1 of Article 4 of the Income Tax Act No 90/2003).
Državna blagajna, vse državne ustanove in vsa državna podjetja, za katera država prevzema neomejeno odgovornost, so izvzeti iz davka na prihodek in nepremičninskega davka že od obdobja precej pred začetkom veljavnosti Sporazuma EGP (glej odstavek 1 člena 4 Zakona o davku na prihodek št. 90/2003).
This general tax exemption applies to the Housing Financing Fund by virtue of it being a State institution.
Splošna davčna oprostitev se uporablja za sklad HFF, ker je državna ustanova.
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.
Pravna podlaga za davčno oprostitev je bila ob začetku veljavnosti Sporazuma EGP določena v odstavku 1 člena 4 Zakona št. 75/1981 o davku na prihodek in nepremičnine.
The present Act on Income Tax is a consolidated version of Act No 75/1981 on Income and Property Tax.
Veljavni Zakon o davku na prihodek je prečiščeno besedilo Zakona št. 75/1981 o davku na prihodek in nepremičnine.
Hence, the predecessors of the Housing Financing Fund, also fell under this tax exemption.
Zato se je za predhodnike sklada HFF uporabljala tudi ta davčna oprostitev.
INTEREST SUPPORT
SUBVENCIONIRANJE OBRESTI
In the opening decision, the Authority identified as a third potential State aid measure, interest support, which in fact corresponds to direct budgetary contributions to HFF to cover obligations resulting from lending below market rates for the building of social rental housing.
Nadzorni organ je v odločitvi o sprožitvi postopka kot tretji morebitni ukrep državne pomoči opredelil subvencioniranje obresti, ki dejansko ustreza neposrednim proračunskim prispevkom skladu HFF za kritje obveznosti zaradi dajanja posojil za gradnjo socialnih najemnih stanovanj z obrestnimi merami, nižjimi od tržnih.
One of the loan categories of the Workers’ Housing Fund was loans for rented social housing (cf. Article 50 of Act No 97/1993, quoted above).
Ena kategorija posojil Delavskega stanovanjskega sklada so bila posojila za najemna socialna stanovanja (glej zgoraj navedeni člen 50 Zakona št. 97/1993).
Chapter VIII of the Housing Act provides for the current rules on loans for social rental apartments, and as referred to above, they are for the greater part the same as previously applicable.
V Poglavju VIII Stanovanjskega zakona so določena veljavna pravila o posojilih za socialna najemna stanovanja, ki so, kot je navedeno zgoraj, večinoma enaka pravilom, ki so se uporabljala prej.
Therefore, both the State Housing Agency, through the Workers’ Housing Fund, and the HFF respectively were given the task of providing this category of loans.
Tako sta bila Državna stanovanjska agencija, prek Delavskega stanovanjskega sklada, in sklad HFF zadolžena za zagotavljanje te kategorije posojil.
As stated above, one of the means of financing for the Workers’ Housing Fund were direct budgetary contributions (cf. Article 48 of Act No 97/1993).
Kot je navedeno zgoraj, so bili neposredni proračunski prispevki eden od načinov financiranja Delavskega stanovanjskega sklada (glej člen 48 Zakona št. 97/1993).
Those contributions were to cover partially the operating costs of the Fund, including those related to social rental apartments.
Ti prispevki naj bi delno pokrili stroške poslovanja Sklada, vključno s stroški, povezanimi s socialnimi najemnimi stanovanji.
The interest rate for this loan category was decided upon annually by the Government (cf. Article 52 of the Act).
Obrestno mero za to kategorijo posojil je vsako leto določala vlada (glej člen 52 Zakona).
As regards the situation after the entry into force of the Housing Act, provisional Article IX of the Housing Act, as adopted in 1998, provided that, until the end of the year 2000, loans for social rental apartments would continue to be granted at the same rates as were applicable at the time.
Glede razmer po začetku veljavnosti Stanovanjskega zakona je začasni člen IX Stanovanjskega zakona, sprejetega leta 1998, določal, da se bodo posojila za socialna najemna stanovanja do konca leta 2000 še dajala po enakih obrestnih merah, kot so se uporabljale v tistem času.
On 21 August 2001, the Minister of Social Affairs and the Minister of Finance entered into a special agreement providing for a subsidised interest rate for this loan category as regards up to 400 rental apartments every year [26].
Minister za socialne zadeve in minister za finance sta 21. avgusta 2001 sklenila poseben sporazum, ki je določal subvencionirano obrestno mero za to kategorijo posojil v zvezi z največ 400 najemnimi stanovanji vsako leto [26].
On 26 September 2005, the Ministers entered into a new agreement, adjusting the contribution to the HFF in view of the lowering of interest rates and the increase of the maximum contribution for each apartment.
Ministra sta 26. septembra 2005 sklenila nov sporazum, v katerem sta prilagodila prispevek skladu HFF za znižanje obrestnih mer in povečanje najvišjega prispevka za vsako stanovanje.
According to those agreements HFF would receive a budgetary contribution for the losses it incurred related to this loan category to the extent provided for in the agreements.
V skladu s tema sporazumoma naj bi sklad HFF prejel proračunski prispevek za izgube, ki jih je imel v zvezi s to kategorijo posojil v obsegu, določenem v sporazumih.
NO DIVIDEND PAYMENTS
NEPLAČEVANJE DIVIDEND
In the opening decision, the Authority identified as a fourth potential State aid measure that HFF is not required to pay any dividends to the State.
Nadzorni organ je v odločitvi o sprožitvi postopka kot četrti morebitni ukrep državne pomoči opredelil, da skladu HFF ni treba plačevati dividend državi.
This results from the general principles of Icelandic public law, which do not require State institutions, organised such as HFF, to pay dividends [27].
To izhaja iz splošnih načel islandskega javnega prava, po katerih državnim ustanovam, ki so organizirane kot sklad HFF, ni treba plačevati dividend [27].
As such, this principle predates the entry into force of the EEA Agreement and the legal situation for the predecessors to HFF was therefore the same.
To načelo je kot tako obstajalo že pred začetkom veljavnosti Sporazuma EGP, pravni položaj predhodnikov sklada HFF pa je bil torej enak.
This general principle is, inter alia, a reflection of the fact that the objective of these institutions is not to make a profit but to provide services that Parliament has decided should be undertaken by the State.
To splošno načelo med drugim izraža, da cilj teh ustanov ni ustvarjanje dobička, ampak zagotavljanje storitev, v zvezi s katerimi se je parlament odločil, da bi jih morala opravljati država.
Under Icelandic public law, a State institution requires a legal basis to charge for its services and the charge may not exceed the cost of providing them [28].
Po islandskem javnem pravu državna ustanova potrebuje pravno podlago, da lahko zaračunava svoje storitve, zaračunavanje storitev pa ne sme presegati stroškov njihovega zagotavljanja [28].
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.
Kadar lahko državna ustanova v skladu z zakonodajo zaračunava več od stroškov, tako kot na primer sklad HFF, ki zasluži donos na sredstva, ki jih ima (glej člen 11 Stanovanjskega zakona), je potrebna ločena pravna podlaga, da ustanova izplačuje dividende islandski državi.To razumevaje islandske zakonodaje je potrjeno v dopisu islandske vlade z dne 15. aprila 2008, v katerem je navedeno: „Splošna praksa v skladu z Zakonom o vladnem finančnem poročanju št. 88/1997 je, da morajo osebe javnega prava ustvarjati dobiček samo, če se to zahteva v skladu z zakonodajo.
Furthermore, a legal basis is required if a public entity is required to pay dividends.
Poleg tega je potrebna pravna podlaga, če mora oseba javnega prava izplačevati dividende.
If a public entity generates profits it shall turn in a normal share of the profits as dividends to the Treasury, as laid down in Article 42 of Act No 88/1997.
Če oseba javnega prava ustvarja dobiček, prepusti običajni delež dobička državni blagajni v obliki dividend, kot je določeno v členu 42 Zakona št. 88/1997.
Public entities which pay dividends, such as Landsvirkjun, for example, have a special legal obligation to do so.
Osebe javnega prava, ki izplačujejo dividende, kot je na primer Landsvirkjun, imajo v zvezi s tem posebno pravno obveznost.
Reference can be made to Article 4 of Act No 42/1983 on Landsvirkjun.
Mogoče je sklicevanje na člen 4 Zakona št. 42/1983 o Landsvirkjunu.
Therefore there is no general legal provision requesting public entities to pay dividends.
Torej ni nobenega splošnega predpisa, v skladu s katerim bi morale osebe javnega prava izplačevati dividende.“
Neither the Housing Act nor Act No 97/1993 contained any legal provision requiring the HFF or its predecessors to pay dividends.
Niti Stanovanjski zakon niti Zakon št. 97/1993 nista vsebovala določb, po katerih bi moral sklad HFF ali njegovi predhodniki izplačevati dividende.
Hence, HFF has in this respect always been governed by the said general principle of Icelandic public law.
Zato se je za sklad HFF v zvezi s tem vedno uporabljalo navedeno splošno načelo islandskega javnega prava.
HFF IS NOT COVERED BY CAPITAL ADEQUACY REQUIREMENTS AND MINIMUM SOLVENCY RATIO RULES
ZA SKLAD HFF NE VELJAJO ZAHTEVE KAPITALSKE USTREZNOSTI IN PRAVILA O NAJMANJŠI STOPNJI PLAČILNE SPOSOBNOSTI
The Act referred to at point 14 of Chapter II of Annex IX to the EEA Agreement (Directive 2000/12/EC of the European Parliament and of the Council of 20 March 2000 relating to the taking up and pursuit of the business of credit institutions, as amended, hereafter referred to as the ‘Banking Directive’) [29], sets out the requirements for capital adequacy and the rules for a minimum solvency ratio applicable to credit institutions throughout the EU and EFTA Member States.
V aktu iz točke 14 Poglavja II Priloge IX k Sporazumu EGP (Direktiva 2000/12/ES Evropskega parlamenta in Sveta z dne 20 marca 2000 o začetku opravljanja in opravljanju dejavnosti kreditnih institucij, kakor je bila spremenjena, v nadaljnjem besedilu: Bančna direktiva) [29] so določene zahteve za kapitalsko ustreznost in pravila o najmanjši stopnji plačilne sposobnosti, ki se uporabljajo za kreditne institucije v vsej EU in državah članicah EFTA.
Article 2(3) of the directive contains a catalogue of institutions exempted from the application of the provisions of the Banking Directive.
V členu 2(3) Direktive je seznam institucij, ki so izvzete iz uporabe določb Bančne direktive.
In the decision of the EEA Joint Committee this list was expanded, inter alia, by adding the ‘Byggingarsjóðir ríkisins’ in Iceland (literally translated ‘the State’s Building Funds’ [30].
V sklepu Skupnega odbora EGP je bil ta seznam razširjen, med drugim je bil v Islandiji dodan izraz „Byggingarsjóðir ríkisins“ (dobesedni prevod je „Državna gradbena sklada“ [30].
This term covered the State Building Fund and the Workers’ Housing Fund, which, as described above, were merged and taken over by the HFF (cf. Article 53 of the Housing Act).
Ta izraz je obsegal Državi gradbeni sklad in Delavski stanovanjski sklad, ki sta se, kot je navedeno zgoraj, združila in ju je prevzel sklad HFF (glej člen 53 Stanovanjskega zakona).
Accordingly, Article 116 of Act No 161/2002, on Financial Institutions (lög um fjármálafyrirtæki) exempts the HFF from the application of the Act, which is among the measures implementing the directive into Icelandic law.
Skladno s tem je v členu 116 Zakona št. 161/2002 o finančnih institucijah (lög um fjármálafyrirtæki) sklad HFF izvzet iz uporabe Zakona, ki je eden od ukrepov za prenos Direktive v islandsko zakonodajo.
In its letters of 20 November 2006 and 15 April 2008, the Icelandic Government maintained that the HFF system was to be regarded as existing aid.
Islandska vlada je v svojih dopisih z dne 20. novembra 2006 in 15. aprila 2008 trdila, da je treba sistem HFF obravnavati kot obstoječo pomoč.
First, the principal features of the system pre-dated the entry into force of the EEA Agreement and were not changed by the adoption of the Housing Act.
Prvič, ključne značilnosti tega sistema so veljale že pred začetkom veljavnosti Sporazuma EGP in se niso spremenile s sprejetjem Stanovanjskega zakona.
The changes made to the housing system, at that time, were exclusively aimed at the social housing system and were not substantive.
Takratne spremembe stanovanjskega sistema so bile namenjene izključno sistemu socialnih stanovanj in niso bile vsebinske.
Second, the State aid elements identified in the opening decision of the Authority were general measures that remained unaltered by the enactment of the Housing Act.
Drugič, elementi državne pomoči, opredeljeni v odločitvi Nadzornega organa o sprožitvi postopka, so bili splošni ukrepi, ki se niso spremenili s sprejetjem Stanovanjskega zakona.
Hence, for example the implicit state guarantee has been the same both before and after the entry into force of the EEA Agreement.
Tako je bilo na primer implicitno državno jamstvo enako pred začetkom veljavnosti Sporazuma EGP in po njem.
In this respect, the Icelandic Government argued that it follows from the judgment of the European Court of Justice in Namur that only substantive legislative changes were capable of altering the classification of the aid [31].
V zvezi s tem je islandska vlada trdila, da iz sodbe Sodišča Evropskih skupnosti v zadevi Namur-Les Assurances du Crédit izhaja, da lahko opredelitev pomoči [31] spremenijo samo vsebinske zakonodajne spremembe.
Third, there was no change made in 1999 with the introduction of the Housing Act that was likely to alter the appreciation of the compatibility of the system with the State aid rules.
Tretjič, s sprejetjem Stanovanjskega zakona leta 1999 ni bila sprejeta nobena sprememba, zaradi katere bi se lahko spremenila ocena združljivosti sistema s pravili o državni pomoči.
Fourth, and alternatively, the changes made to the social housing system relating to, for example, the so-called additional loans are severable from the general lending system.5.
Četrtič, spremembe sistema socialnih stanovanj, na primer v zvezi s tako imenovanimi dodatnimi posojili, so ločene od splošnega sistema posojil.5.
The SFF has claimed that the changes made by the Housing Act cause the system to be classified as new aid as the these changes implied that the housing system did not remain in place more or less unchanged until today.
Združenje SFF trdi, da so spremembe, sprejete s Stanovanjskim zakonom, povzročile, da je treba sistem zdaj opredeliti kot novo pomoč, ker so pomenile, da stanovanjski sistem do danes ni ostal bistveno nespremenjen.