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Slovak parliament advances several bills to second reading

The State Housing Development Fund (SFRB) is likely to be in charge of distributing loans for the program of thermal insulation of houses andApartments, the SITA newswire reported.

The State Housing Development Fund (SFRB) is likely to be in charge of distributing loans for the program of thermal insulation of houses and
Apartments, the SITA newswire reported.

The Slovak Parliament moved the draft amendment to the Act on ŠFRB to the second reading on June 17. Of 140 lawmakers present in 150-member Slovak Parliament, 139 voted in favour of the cabinet's draft bill. The cabinet prepared the amendments because the current law does not permit ŠFRB to engage in these activities.

The cabinet decided to allocate an additional €71 million for thermal insulation of family and apartment houses from the disputed sale of emission quotas of greenhouse gases. Based on the draft amendment, the State Housing Development Fund will be in charge of the state thermal insulation program. After being passed, the law will become effective on July 1.

Entities interested in the zero-interest loans will be able to start submitting applications at relevant municipal offices in July. The loans can cover the total amount of eligible costs for insulation and the loan is to be repaid over fifteen years.

New rules for assistance provided from funds of the EU also made it to the second reading. This modification would allow the Slovak managing authority to conclude a contract with an applicant prior to the decision by the European Commission confirming or rejecting its request for assistance. The ministry will thus be able to pay for work carried out before the administrative process of the European Commission comes to an end. The revision would take effect on July 7, SITA wrote.

A rescue plan for banks also was advanced to the second reading. Under this new legislation, the state would be able to assist ailing banks. MPs have debated all three revisions in fast-track legislative proceedings, while their final shape is to be approved by the end of this week. SITA

Compiled by Zuzana Vilikovská from press reports
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