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What it is

Transparency rules for public money in public companies

BOE step 7 of 7 · Passed

It is a government bill. Introduced by the Government. It was introduced on 5 May 2006. Introduced by: Gobierno.

Official title: Government bill on the transparency of financial relations between Public Administrations and public companies, and on the financial transparency of certain companies.

Follow this law

Source: Congreso de los Diputados, file 121/000085· updated 11 Nov

Automatic summary, not yet reviewed

  1. The law requires public companies to send an annex with information on public funds they receive, how they use them and for what purpose. It goes to the Intervención General de la Administración del Estado The body that oversees the State's economic and financial management and receives this information. within seven months and stays available to the European Commission for five years.
  2. Companies that manage a service of general economic interest or hold special or exclusive rights, and also carry out other activities, must keep separate accounts and report income and costs for each activity.
  3. The law lists what counts as making public funds available: covering operating losses, capital contributions, loans on non-market terms or giving up a market return on public funds, among other cases.
  4. In all three cases, the company's administrative body is responsible for preparing and sending the required information.
  5. There are exemptions: for example, companies with net turnover below 40 million euros, the Banco de España, or companies whose compensation was granted through an open, transparent and non-discriminatory procedure.
  6. Large public manufacturing companies with net turnover above 250 million euros must also send their annual accounts, management report and an annex on public interventions and transactions with group companies.

Who it affects

  • State, regional and local public companies: Must send annexes with information on the public funds they receive.
  • Companies with special or exclusive rights or managing services of general economic interest: Must keep separate accounts and report income and costs per activity.
  • Large public manufacturing companies: Must send annual accounts, a management report and an additional annex.
  • Administrative bodies of these companies: Are responsible for preparing and sending the information.
  • Healthcare institutions with deferred Social Security debts: May request forgiveness of surcharges and interest if they pay off the principal within three months.

Words worth knowing

Servicio de interés económico general
A service that public authorities consider of general interest and provide with public service obligations, such as transport or energy.
Derechos especiales o exclusivos
Permissions granted by a public authority to one or several companies to provide a service in an area, reserving it exclusively or limiting who can do it.
Intervención General de la Administración del Estado
The body that oversees the State's economic and financial management and receives this information.
Cifra de negocios
The company's total revenue from its activity, excluding other income.
Empresas públicas manufactureras
Public companies whose main activity is transforming materials or substances into new products.

It summarizes the law as published in the BOE. It is written by artificial intelligence and may contain mistakes: the official text is what counts. Read the official text · How we make summaries

Where it stands

How far did it get?

It took 7 of 7 steps. It reached BOE, and today it is passed.

  1. Introduced5 May 2006Someone registers the text in the Congreso.
  2. Admitted9 May 2006The Bureau of the Congreso accepts it and, for a members’ bill, the plenary decides whether to consider it.
  3. Amendments12 May 2006Groups propose changes.
  4. Committee20 September 2006A committee goes through the text in detail.
  5. Plenaryno dateAll 350 deputies vote.
  6. Senate29 November 2006The Senate can pass it, amend it or veto it.
  7. BOE15 March 2007It is published in the Official State Gazette (BOE) and comes into force.
See the 11 official steps on a timeline
Jun 2006Sept 2006Dec 200611. 5 May 2006: Presentación22. 9 May 2006: Comisión de Economía y Hacienda Publicación desde 09/05/2006 hasta 12/05/200633. 9 May 2006: Calificación44. 12 May 2006: Comisión de Economía y Hacienda Enmiendas desde 12/05/2006 hasta 27/09/200655. 20 September 2006: Comisión de Economía y Hacienda Mesa - Calificación desde 20/09/2006 hasta 20/09/200666. 20 September 2006: Comisión de Economía y Hacienda Debate de totalidad desde 20/09/2006 hasta 28/09/200677. 28 September 2006: Comisión de Economía y Hacienda Informe desde 28/09/2006 hasta 29/11/200688. 29 November 2006: Comisión de Economía y Hacienda Aprobación con competencia legislativa plena desde 29/11/2006 hasta 29/11/200699. 29 November 2006: Senado desde 29/11/2006 hasta 07/03/20071010. 7 March 2007: Pleno Enmiendas o veto del Senado desde 07/03/2007 hasta 15/03/20071111. 15 March 2007: Concluido - (Aprobado con modificaciones) desde 15/03/2007 hasta 24/04/2007

Was there a plenary vote?

We have no plenary vote linked to this law in the Congreso’s data.

What happens next

What happens now?

It is law, or will be once published in the BOE. It comes into force on the date its own text sets.

The same initiative in the other chamber:

Published in the BOE: Law 4/2007, of April 3, on the transparency of financial relations between public administrations and public companies, and on the financial transparency of certain companies.

Sources

Where does all this come from?

  • The data comes from the open files of the Congreso, the Senate and the BOE, unaltered.
  • Each deputy’s province is the one of their seat on the day of the vote.
  • We only say “passed” or “rejected” when the majority needed is certain; otherwise we say which side had more votes.

Read the full method · Report an error