creating a fund for the acquisition of real rights and reserve properties (DF-ADI) (DF-ADI)
Table of Provisions (8)
Statutory Text (8 Provisions)
1. The Council of State is authorized to open, within the State's accounting system, a special account intended for the acquisition and disposal of real rights and reserve properties.
1. This fund shall be operated in the form of a credit account, the debit balance of which may not exceed the sum of 80 million francs without a new decision from the Grand Council.
1. The account will be credited with the price of the real properties and real rights, at the time of their final allocation or upon a sale.
1. The Council of State is exempt from requiring the approval of the Grand Council, as stipulated by Article 10, letter a) of the Finance Law of September 20, 2005 (LFin) [A], for the acquisition and disposal of real estate or real rights conducted within the framework of this decree.
2. The disposals of real estate or real rights acquired through the aforementioned fund must be submitted for the opinion of the Finance Commission of the Grand Council if the amount exceeds CHF 1,000,000.-.
1. The Council of State authorizes, upon notice from the Department in charge of real estate operations, the acquisitions and disposals provided for by this decree. The municipality with territorial interest must be consulted prior to any operation. It may claim priority for the acquisition of the property or real right, provided that a predominant public interest can be invoked.
1. Every two years, the Council of State shall present a report to the Grand Council on the status of purchases, sales, and refunds executed under this decree.
1. This decree repeals and replaces the decree of February 22, 1961, which established a fund for the acquisition of real estate or restricted real rights in connection with expansion plans, as amended on September 2, 1964, May 19, 1971, and November 17, 1992.
1. The Council of State is responsible for the execution of this decree. It shall publish the text in accordance with Article 27, Clause 2, of the Cantonal Constitution and shall fix, by order, the date of its entry into force.