Amendment to the Act on State Fund for Housing Development

(Act No. 148/2001 Coll. amending the Act of the National Council of the Slovak Republic No. 124/1996 Coll. on the State Fund for Housing Development, as amended)

The Act on the State Fund for Housing Development stipulates that a pre-condition for provision of support from the State Fund for Housing Development is that the applicant for the support proves that it has its own financial means or means from the construction savings in the amount of at least 20% from the purchase price for the purpose, for which the support is requested.

The amendment to the act states an exemption from the above rule if the applicant is a municipality applying for provision of support from the State Fund for Housing Development for purposes of a flat construction, or finalisation of construction of an unfinished flat in a flat-building, including a flat to be obtained by extension, in-built, additional building or reconstruction of non-residential premises.

Further to the above change, the amendment determines also further pre-requisites of the agreement on provision of support to be concluded between the State Fund for Housing Development and a municipality, as an applicant applying for the support. In connection with the above, such agreement has to contain also specification of the minimum time period for which the municipality will own the building and will lease flats in the building to residents of the municipality.

This act is in force from 1 May 2001.

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