Laki valtion asuntorahastosta | 1144 — Finland law | Esheria

Laki valtion asuntorahastosta

The provision establishes a state housing fund under the Ministry of the Environment and says its off-budget funds are used for granting loans and supporting housing finance as separately provided by law or the state budget.

Jurisdiction
Finland
Instrument
Act or statute
Citation
1144
Version
Undated source snapshot
Language
fi
Official source
View official record ↗
annual accounts audit reporting borrowing commencement fund management fund payments funding sources governance housing fund housing policy housing support loan allocation loan financing loan funding loan servicing securities-related costs securitisation securitization state budget state guarantees state housing fund transitional provisions

Statute overview

About this statute

The provision establishes a state housing fund under the Ministry of the Environment and says its off-budget funds are used for granting loans and supporting housing finance as separately provided by law or the state budget. Valtion asuntorahasto saa varojaan määrätyistä saatavista, talousarviossa sille osoitetusta määrärahasta, lainojen takaisinmaksuista ja tuloista sekä eräistä luovutuksiin ja korvauksiin liittyvistä eristä. The housing fund must have a board, and the board’s composition and appointment are to be regulated more specifically by decree. The Housing Fund Board must manage the fund’s liquidity and make specified financing decisions, approve the fund’s rules and financial statements, and propose how a surplus or deficit should be handled. The Ministry of Finance and the State Treasury handle the fund’s borrowing and related securitization tasks. The Housing Fund’s fiscal year is the calendar year, the Ministry of the Environment appoints two auditors, and auditors must inspect the fund and report annually.

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