Up to €789,900 per transaction for municipalities; €375,000 for decentralized municipal entities, corresponding to the maximum PUOSC grant amount; and €153,658.54 per transaction for county councils, corresponding to 30% of the maximum grant amount, subject to the following limits:

• For beneficiaries of PUOSC grants for the years 2025–2029: up to 30% of the awarded grant.

• For beneficiaries of grants for the years 2027–2029 who requested a different year from the one assigned: up to 100% of the awarded grant.

If additional financing is required for the execution of works, an additional application may be submitted and will be assessed in parallel. Financing not linked to the PUOSC grant will not benefit from the interest rate subsidy.

Up to 15 years, including up to 6 years of grace period.

The interest rate will not exceed the rate established in the Resolution of 4 July 2017 on financial prudence and any regulations replacing it, for both fixed and variable rates.

Thanks to the collaboration agreement between ICF and the Department of the Presidency, a 1.5% subsidy on the loan principal will be applied. Under no circumstances will the interest rate be negative.

Those deemed sufficient by ICF.

In all cases, the beneficiary will assign to ICF the credit rights arising from the granting of the subsidy by the Department.

To begin the assessment process, the following documentation is required:

• Final resolution awarding the PUOSC 2025–2029 grant
• Project report
• Financial statements for the last two fiscal years (if not published by the Audit Office)
• CIRBE
• Banking Map (ICF template)
• Proof of the Economic Impulse Fund

If the application is successful, prior to formalization the following will also be required:

• Certificate of appointment of the Mayor
• Mayor’s tax identification number
• ESG questionnaire and supporting evidence

• Municipal council resolution authorizing the financing

Applications are processed on a non-competitive basis and resolved in the order in which complete documentation is received, until the available funds and/or interest subsidy resources are exhausted.

Yes, up to 100% of the requested grant may be applied for. If a local authority requires additional financing for the execution of the works, it may submit an additional application, which will be assessed by the ICF team in parallel with the PUOSC loan line application. Financing that is not intended to cover the PUOSC grant will not benefit from the interest rate subsidy.

Beneficiaries of the 2025, 2026, 2027, 2028 and 2029 funding years may apply for up to 30% of the awarded grant, excluding the advance payment.

Yes, the formalization of this loan is subject to the authorization regime established in the consolidated text of the Law regulating local government finances and in Final Provision 31 of Law 17/2012, of 27 December, on the General State Budget for the year 2013. It must comply with the requirement that the statutory ratios for net savings and outstanding debt, calculated on the basis of the settlement of the budget for the previous financial year and in accordance with the procedure set out in Annex 3 of Order ECF/138/2007, of 27 April, on procedures relating to the financial supervision of local authorities, are positive and do not exceed 110% of settled ordinary revenues. If the statutory outstanding debt ratio does not exceed 75%, the applicable regime will be that of notification to the Directorate General for Financial Policy, Insurance and Treasury.

In the processing of subsequent credit operations, these loans must be included in the calculation of outstanding debt and theoretical annual repayments, in accordance with the provisions of Article 2 of the aforementioned Order ECF/138/2007, of 27 April.

In order to reduce the impact on the net savings ratio, loans may be granted with maturities of up to 15 years. In this way, the impact is spread over the entire term, even if repayment takes place at the time the subsidy is received.

In the event that the entity is subject to a PEF (Economic-Financial Plan), it must first obtain authorization from the Directorate General for Financial Policy, Insurance and Treasury.

If the entity is included in a PEF (economic-financial plan due to non-compliance with fiscal rules), this does not trigger the authorization regime, except in the case of municipalities with more than 75,000 inhabitants where the non-compliance results from having closed the fiscal year with a deficit.

In cases where an approved financial recovery plan is in force due to having closed the fiscal year with negative net savings or a negative general expenditure treasury surplus, all indebtedness will be subject to authorization. Such authorization will be granted based on compliance with the previously unmet indicators and monitoring of the plan, as well as compliance with the eligibility indicators for accessing credit described in the previous question.

The Secretariat for Local Governments and Relations with Aran will assess the possibility and feasibility of extending the line once the €100 million has been fully allocated.