IMPLEMENTATION PROCEDURES OF EMERGENCY ORDINANCE ON THERMAL REHABILITATION THROUGH BANK LOANS WITH GOVERNMENT GUARANTEE APPROVED BY GOVERNMENT
In the meeting of today, 21 July, the Romanian Government adopted the Implementation procedures Rules of the Emergency Ordinance no. 69/2010 regarding the thermal rehabilitation of residential buildings with financing from bank loans with a government guarantee.
The thermal rehabilitation works that are eligible for contracting bank loans with a government guarantee and subsidised interest rates are:
a) thermal rehabilitation of the building envelope and the related facilities;
b) repair, as the case may be, replacement/purchase and assembly of thermal power units of blocks/entrances, respectively of thermal power units of single family dwellings, as well as of installations related to them;
c) introduction, as the case may be, of alternative systems for providing partial/total energy to prepare hot water for consumption, lighting and/or heating.
The decision for the thermal rehabilitation of a residential building is taken by the beneficiary and, in the case of the owners` association, by the general assembly of owners, legally constituted, which decides by a vote of at least 90% of its members.
An owners` association is eligible under the conditions that each member of the owners` association does not register more than two instalments falling due and unpaid, for the payment of the share of contribution to the expenses of the owners` association in the last 3 calendar months prior to the assessment of eligibility by the loan locator, and an owner of a single-family dwelling is eligible under the conditions that he/she does not register more than two instalments falling due and unpaid, for the payment of utility bills (light, natural gas and water-sewage) in the last 3 calendar months prior to the assessment of eligibility by the loan locator. The beneficiary must also comply with the conditions in the loan locator`s lending rules.
The intervention works will be financed from own sources of the beneficiaries, amounting to minimum 10% of the execution value and from bank loans in lei, with government guarantee and subsidised interest rates, contracted by the beneficiaries and 100% guaranteed by the National Credit Guarantee Fund for Small and Medium-Sized Enterprises (FNGCIMM)), in the name and on account of the State, representing maximum 90% of the intervention works.
The technical expert`s report, the energy performance certificate and the energy audits of the existing building, the documentation for authorising the intervention works, as the case may be, the technical project and the execution details, as well as the energy performance certificate of a rehabilitated building is made, according to law, care of the beneficiary and is financed from its own sources.
The homeowners associations may request the assistance of the local public administration under whose jurisdiction the housing block is located, which may decide the financing in amount of maximum 30% of the value provided in the general estimate to: elaborate the design documents for the partial or full rehabilitation of the housing block, and/or to cover the contribution of the owners` association of maximum 10% of the intervention works for thermal rehabilitation and/or a share of the value of execution of intervention works.
The selection of the constructor will be made in accordance with the provisions of Government Emergency Ordinance no. 34/2006 on awarding public procurement contracts for public works concession and contracts for service concession, with subsequent amendments and completions.
The list of loan locator/locators that would agree to grant credit under these conditions and with whom the Ministry of Regional Development and Tourism concluded Convention interest subsidy conventions will be published on the websites of the Ministry of Finance, the Ministry of Regional Development and Tourism and the FNGCIMM.
The beneficiary will present to any loan locator a list of documents including the identification documents, the technical documentation in copy, and the decision of the general assembly of the owners` association, if necessary.
The banks participating in the programme will provide financing in lei, for maximum five years, at an interest rate calculated thus: three-month ROBOR interest rate, plus the fixed margin of 1.5 - 2.5% per year plus the management fee due to the FNGCIMM.
