Commentaries: Art. 40

The Confederation may grant interest-free or low-interest repayable credits:
1. as building loans;
2. ¹ for the financing of the residual costs of measures eligible for subsidy under Articles 36, 37 and 38a paragraph 1 letter b;
3. for the acquisition of forestry vehicles, machines and equipment and for the creation of forestry installations.
The loans are limited in term.
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.
Repayments shall be used to fund new investment credits.

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). ↩

Art. 40