|
Art. 40 Investment credits
1 The Confederation may grant interest-free or low-interest repayable credits:
2 The loans are limited in term. 3 Loans are only granted on the application of the canton. If a debtor does not meet his repayment obligation, the relevant canton shall assume responsibility for the repayment in his place. 4 Repayments shall be used to fund new investment credits. 60 Amended by No II 30 of the Federal Act of 6 Oct. 2006 on the New System of Financial Equalisation and Division of Tasks between the Confederation and the Cantons (NFE), in force since 1 Jan. 2008 (AS 2007 5779; BBl 2005 6029). |