Renovation bonuses transferred from the Thermomodernization and Renovation Fund – material and legal as well as procedural aspects
This article presents foundations, functions and principles of granting and transferring renovation bonuses under the Thermomodernization and Renovation Fund. These bonuses constitute a form of a non-returnable support to investors implementing renovation projects which are related to thermomoderniz...
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Wydawnictwo Naukowe Uniwersytetu Mikołaja Kopernika
2021-03-01
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Series: | Prawo Budżetowe Państwa i Samorządu |
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Online Access: | https://apcz.umk.pl/czasopisma/index.php/PBPS/article/view/PBPS.2021.003/29057 |
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doaj-a6b35facf19546c2bbdef2c02d7241652021-07-15T14:09:45ZpolWydawnictwo Naukowe Uniwersytetu Mikołaja KopernikaPrawo Budżetowe Państwa i Samorządu2300-98532353-70862021-03-0191376310.12775/PBPS.2021.003Renovation bonuses transferred from the Thermomodernization and Renovation Fund – material and legal as well as procedural aspectsMałgorzata Ofiarska0https://orcid.org/0000-0001-5311-0201University of Szczecin, PolandThis article presents foundations, functions and principles of granting and transferring renovation bonuses under the Thermomodernization and Renovation Fund. These bonuses constitute a form of a non-returnable support to investors implementing renovation projects which are related to thermomodernization of multi-family buildings. Bonuses take a form of an additional payment for the repayment of bank loans taken to finance the above-mentioned investments. The main source of financing payments for renovation bonuses are grants from the state budget, but the funds in that form do not go directly to investors. Budgetary grants are credited to a special purpose fund’s account which is managed by Bank Gospodarstwa Krajowego. The adoption of that indirect form of a budgetary support for renovation projects made it possible to combine extra-budgetary financing and banking methods as regards selecting investment projects. This approach should create conditions for a more efficient use of public funds dedicated to initiatives aimed at improving living conditions in multi-family buildings and reducing the demand for a thermal energy. It should also have a positive impact of heating devices on the natural environment. On the other hand, investors reduce their debts due to bank loans taken to finance their projects.https://apcz.umk.pl/czasopisma/index.php/PBPS/article/view/PBPS.2021.003/29057thermomodernizationrenovation worksbudgetary grantsubsidiesrenovation bonusesbank loan |
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DOAJ |
language |
Polish |
format |
Article |
sources |
DOAJ |
author |
Małgorzata Ofiarska |
spellingShingle |
Małgorzata Ofiarska Renovation bonuses transferred from the Thermomodernization and Renovation Fund – material and legal as well as procedural aspects Prawo Budżetowe Państwa i Samorządu thermomodernization renovation works budgetary grant subsidies renovation bonuses bank loan |
author_facet |
Małgorzata Ofiarska |
author_sort |
Małgorzata Ofiarska |
title |
Renovation bonuses transferred from the Thermomodernization and Renovation Fund – material and legal as well as procedural aspects |
title_short |
Renovation bonuses transferred from the Thermomodernization and Renovation Fund – material and legal as well as procedural aspects |
title_full |
Renovation bonuses transferred from the Thermomodernization and Renovation Fund – material and legal as well as procedural aspects |
title_fullStr |
Renovation bonuses transferred from the Thermomodernization and Renovation Fund – material and legal as well as procedural aspects |
title_full_unstemmed |
Renovation bonuses transferred from the Thermomodernization and Renovation Fund – material and legal as well as procedural aspects |
title_sort |
renovation bonuses transferred from the thermomodernization and renovation fund – material and legal as well as procedural aspects |
publisher |
Wydawnictwo Naukowe Uniwersytetu Mikołaja Kopernika |
series |
Prawo Budżetowe Państwa i Samorządu |
issn |
2300-9853 2353-7086 |
publishDate |
2021-03-01 |
description |
This article presents foundations, functions and principles of granting and transferring renovation bonuses under the Thermomodernization and Renovation Fund. These bonuses constitute a form of a non-returnable support to investors implementing renovation projects which are related to thermomodernization of multi-family buildings. Bonuses take a form of an additional payment for the repayment of bank loans taken to finance the above-mentioned investments. The main source of financing payments for renovation bonuses are grants from the state budget, but the funds in that form do not go directly to investors. Budgetary grants are credited to a special purpose fund’s account which is managed by Bank Gospodarstwa Krajowego. The adoption of that indirect form of a budgetary support for renovation projects made it possible to combine extra-budgetary financing and banking methods as regards selecting investment projects. This approach should create conditions for a more efficient use of public funds dedicated to initiatives aimed at improving living conditions in multi-family buildings and reducing the demand for a thermal energy. It should also have a positive impact of heating devices on the natural environment. On the other hand, investors reduce their debts due to bank loans taken to finance their projects. |
topic |
thermomodernization renovation works budgetary grant subsidies renovation bonuses bank loan |
url |
https://apcz.umk.pl/czasopisma/index.php/PBPS/article/view/PBPS.2021.003/29057 |
work_keys_str_mv |
AT małgorzataofiarska renovationbonusestransferredfromthethermomodernizationandrenovationfundmaterialandlegalaswellasproceduralaspects |
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1721300279111974912 |