Ministry of Finance PORTAL INSTITUCIONAL DEL MINISTERIO DE HACIENDA

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Administrative Procedures

General Information

Name

Autonomous Communities. Financing Fund for Autonomous Communities.

Type of procedure/service
Economic and Asset Management
Subject
Financing of Autonomous Regions
SIA code
687779
Description

Processes relating to the Financing Fund for Autonomous Communities. Including:

Actions relating to the process of accession of the ACs to the various compartments of the FFAC, which they must apply for within certain deadlines and under certain conditions. Such membership must be approved by the SEH. In the event that an adjustment plan is required, the corresponding activities are carried out to agree and monitor it, including budgetary and debt aspects, debt operations, guarantees and derivatives.

Determination by ACDGAE of the amounts of the FFCCAA to be distributed by compartments and by Autonomous Communities according to the financing needs of each of them that can be met by this fund. The SGFAL then informs them of the funding allocated to them in each ACDGAE from the FFCCAA.

Provision of the budgetary funds necessary to finance the FFCCAA together with other non-budgetary sources and the issuance of instructions to the ICO to make the appropriate payments to the Autonomous Communities (in accordance with the amounts assigned in the corresponding ACDGAE relating to the FFCCAA), as well as the processing of payments to third parties on behalf of the Autonomous Communities in the area of the FFCCAA. With regard to the ICO's participation, the FFCCAA is instrumented through loan contracts between the State and the Autonomous Communities. Through these contracts, the financial obligations included in the corresponding ACDGAE are met. The formalisation and management of these loans is carried out by the ICO in accordance with the instructions given to it for this purpose.

Proposal for the approval and presentation of the annual accounts of FFCCAA.

The review and processing of applications from the Autonomous Communities to combine with the financial markets to fund their needs under the Financing Fund for Autonomous Communities.

Body responsible for the procedure
Secretariat-General for Regional and Local Financing (E04995702)

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