Abstract EN:

Local public administration (l. P. A. ) in general and local community administration in particular (regions, departements, commune. . . . ), have been for years now active in the developing of state policy by resorting to loans a budget ressource in order to achieve the financing of any planned investment. Unlike what could be observed in all the proceding republics, the system of loans to local communities implemented in the fifth republic made a considerable progress in giving higher responsabilities to local representatives when managing loans funding community finances. Based on three steps and then moving from a state-level managed system to the present system which is, by means of decentralization laws, really a community -level system and in between these, an intermediate step known to favour local policy with enlarged opportunistiesin loans contracting, this development finally led to a total transformation of the system of loans involving local communities. Now called "generalized lending to local communities", it stands for the new setting that characterizes the local public loans system. As the can negociate with any creding firm, and as the can freely refer to the financial ways, means and ressources all private debtors such as companies would use in loan contracting, in managing and then balancing their debts and local treasury, local representatives have definitely shifted from their legal status of "local public authorities" to a new status of "local affairs managers".