3.3.5.I-iii.5 Development fund (Fondo per lo sviluppo)
3.3.5.1. Aim
To implement new reindustrialisation programmes, to implement measures to create new production initiatives and to convert productive apparatus; to promote development activities at local level
3.3.5.2. Legal basis
- Decree-Law 148 of 20.5.1993, converted into Law 236 (Art. 1 ter) of 19.7.1993;
- Prime Ministerial Decree 773 of 3.11.1994 (regulatory decree);
- Decree of the Ministry of Labour of 3.5.1996 (on approving development schemes and determining the subsidies provided from the Fund).
3.3.5.3. Contents
Prime Ministerial Decree 773/94 regulates the criteria and other details pertaining to the use of the Fund's resources and in the same context the eligible measures, the content of the development schemes, the bodies authorised to submit schemes and the priorities considered in the granting of subsidies. These priorities include the location of the scheme in areas affected by a sectoral and/or local crisis, for which protocol agreements have been signed with a view to implementing schemes which either incorporate the most important institutional and economic forces of the region, serve the purpose of reindustrialisation or have led to a reorganisation of state enterprises.
3.3.5.4. Financial resources
- ITL 75 billion for 1993;
- ITL 100 billion for 1994;
- ITL 100 billion for 1995;
- ITL 264.55 billion for 1996;
- ITL 150 billion for 1997;
- ITL 46 billion for 1998.
3.3.5.5. Institutional support
The above Decree led to the establishment of a technical unit in the Ministry of Labour which has prepared and approved a procedure for agreements, on which basis individual agreements with interested companies were concluded. Each agreement describes the scheme supported by the Development Fund, its duration, the amount of the subsidy from the fund, the total cost, the geographical location, the responsibilities of the parties to the agreement, the required personnel and the contributions and funding received from third-party firms which are involved in business activities in the region.
3.3.5.6. Duration
Between a minimum of one year and five months and a maximum of five years and nine months.
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