# Commission Decision of 18 July 2011 on State aid C 15/09 (ex N 196/09), which Germany implemented and is planning to implement for Hypo Real Estate (notified under document C(2011) 5157) (Only the German text is authentic) (Text with EEA relevance) (2012/118/EU), Division (ii)

Extent: E+W+S+N.I.

Germany will ensure that the PBB sub-group allows the budget finance business line on its balance sheet to run down and, as of the date of notification of the decision at the latest, does not conclude any more new business in the budget finance business line. The budget finance business line includes budgetary lending to State authorities such as central and federal governments, local authorities and regional governments which is used for general, uncommitted financing of the budget and is therefore not tied to a specific purpose with the character of an asset and/or investment.

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Source: https://www.legislation.gov.uk/eudn/2012/118/annex/division/7/division/ii (the official version)
Page: https://openlegislation.uk/eu-decision-2012-118/annex/division-7/division-ii
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.