Description
The advance is paid to the extent of up to 70% of the contribution granted once the granting measure has become enforceable, subject to the request and presentation of a bank guarantee of the same amount in favour of the provincial administration or an insurance policy issued by a leading insurance institution.
The contribution is provided for by Article 17 of Provincial Law No. 4 of 21 April 2016 "Provincial Law on Sport 2016".
Restrictions
The application for payment of the advance may be submitted only after the registration of the measure granting the contribution.