CHAPTER III: Publicity of budgets and accounts

Articles in this section · 3

Article L4313-2

French General Code of Local AuthoritiesIn force

Updated 7 Nov 2023

Appendices to the budget documents include:

1° Summary data on the region's financial situation;

2° A list of assistance granted by the region in the form of benefits in kind or subsidies. This document is attached to the administrative account only;

3° An aggregated presentation of the results for the last known financial year of the region's main budget and annex budgets. This document is attached to the administrative account only;

4° Of the list of bodies for which the region:

a) Holds a share of the capital;

b) Has guaranteed a loan;

c) Has paid a grant of more than €75,000 or representing more than 50% of the income shown in the body's profit and loss account.

The list indicates the name, corporate name and legal nature of the organisation as well as the nature and amount of the region's financial commitment;

5° A table showing the outstanding loans guaranteed by the region as well as the repayment schedule;

6° A list of public service delegatees;

7° An appendix tracing all of the region's financial commitments resulting from the partnership contracts provided for in l'article L. 1414-1;

8° An appendix showing the debt related to the investment portion of partnership contracts;

9° A presentation of the development of expenditure devoted to the vocational training of young people, distinguishing in particular between the financial data relating to apprenticeships, vocational education under school status and continuing work-linked training. This appendix also specifies the use of sums paid into the regional apprenticeship and continuing vocational training fund pursuant to Article L. 6241-9of the Labour Code;

10° Of the statement relating to regional passenger rail services;

11° Of the statement of changes in assets provided for in Article L. 4221-4;

12° Other statements relating to the region's assets and financial position and its various commitments.

When an amending decision or supplementary budget has the effect of modifying the content of one of the annexes, it must be produced again for the vote on the amending decision or supplementary budget.

The documents referred to in 1° shall be inserted in one or more local publications whose total circulation covers the entire region.

A decree in the Council of State shall set the conditions for the application of this article.

Mariela Petrova

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Working with a corporate lawyer in France — Q&A

Any time a strategic decision changes how the company is owned, governed or contractually bound — incorporation, fundraising, M&A, restructuring, shareholder agreements, or major commercial contracts. Earlier engagement always costs less than later remediation.

A notary (notaire) is a public officer who authenticates specific deeds (mainly real-estate transfers and certain family-law acts). A corporate lawyer (avocat) advises on strategy, negotiates and drafts company documents, and represents you in disputes. The two roles complement rather than overlap.

Yes — most of our clients are foreign suppliers, investors or holding entities. We bridge the gap between French law and your home jurisdiction's expectations and deliver everything bilingually.

The SAS (Société par Actions Simplifiée) is the default choice for most international structures: flexible governance, single shareholder allowed, no minimum capital, and works cleanly with foreign holding entities. We assess SARL, SA, SCI on the merits when the situation calls for it.

Yes — communications with a French avocat are protected by the secret professionnel (Article 66-5 of the Law of 31 December 1971). This protection is broader than the common-law attorney-client privilege and applies to written and oral exchanges.

We work on fixed fees for clearly scoped engagements (incorporation, contract drafting, audits) and on monthly retainers for ongoing advisory. Hourly billing is the exception, not the default. You always know the cost before work starts.

Typical timeline is 2–3 weeks from KYC kick-off to RCS registration, assuming standard documentation. Holding-company structures, foreign-shareholder identification or in-kind contributions can extend this — we flag the gating items at the first meeting.

Absolutely. We routinely coordinate with your in-house counsel, expert-comptable or notaire — pragmatic collaboration is the norm, not the exception. We send them everything they need to do their part without duplicating work.

Mariela Petrova

Mariela Petrova

Avocate au Barreau de Paris

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15+ Years In Corporate Practice

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Communications protected by professional secrecy — secret professionnel de l'avocat, Article 66-5 of the Law of 31 December 1971.

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