Regulation concerning the conditions and the use of credit for change of destination of agricultural land (No. 114/98).

This Regulation specifies conditions and procedures for the granting of credit to farmers for land consolidation, irrigation works and fertilization. A Committee, formed by the Minister of Agriculture and Forestry under section 7, will receive and decide on applications made by natural or legal persons under section 2. Section 3 specifies the maximum amounts of credit as follows: (i) for irrigation: 23.000 kn/ha; (ii) for fertilization: 18.000 kn/ha; (iii) for land consolidation: 10.000 kn/ha. General conditions for credit are treated under section 5: credit endurance is 10 years, grace period 3 years. The interest rate at annual levels are determined by the National Bank of Croatia. Guarantee shall be deposited in foreign currency. The deadline for application is within 90 days from date of publication of this Regulation. Under section 10 the Ministry of Agriculture and Forestry shall control the proper use of credit granted. In case of misuse the infringer is obliged to return the amount plus interest within 15 days from the date of ascertainment.