Art. 174 Municipal Act (GG) - b) Revaluation of Administrative Assets and Provisions
Art. 174 GG - b) Revaluation of Administrative Assets and Provisions · b) Revaluation of Administrative Assets and Provisions
1. Commencing with the enactment of this decree, a reassessment of provisions and participations shall occur. Other administrative assets may be revalued.
2. The difference from the revaluation of administrative assets and provisions shall be recorded as a revaluation reserve for administrative assets in equity.
3. The revaluation reserve for administrative assets can be dissolved linearly over 10 to 15 years through the second level of the income statement. The portion of the revaluation reserve that the municipality does not dissolve according to sentence 1 of this provision shall be transferred to the balance surplus or deficit without affecting the income after 5 years from the commencement of this decree.
4. School municipalities shall dissolve any potential revaluation reserve for administrative assets linearly over 10 to 15 years through the second level of the income statement.