Flexibility in the use of the Education and Promotion Fund for cooperatives

Royal Decree-Law 15/2020, of April 21, on complementary urgent measures to support the economy and employment, establishes in its article 13 an extraordinary measure for temporarily make the use of the Education Fund and Promotion of Cooperatives with the purpose of alleviating the effects of COVID-19 .

For these purposes, it is allowed that during the validity of the state of alarm declared by Royal Decree 463/2020, of March 14, which declares the state of alarm for the management of the health crisis situation caused by COVID -19 and its possible extensions and until December 31, 2020 , the Education and Promotion Fund for cooperatives regulated in article 56 of Law 27/1999, of July 16 , of Cooperatives, can be used for any activity that contributes to stopping or alleviating the effects of the health crisis derived from COVID-19 , through own actions, donations to other public or private entities or to endow of liquidity to the cooperative to guarantee the continuity of its operation. Likewise, for these exclusive purposes, the provisions of articles 13.3 and 19.4 of Law 20/1990, of December 19, on the Fiscal Regime of Cooperatives, will not apply.

Article 12 of Royal Decree-Law 8/2021, of May 4, repeals, with effect from May 9, 2021, art. 13 of Royal Decree-Law 15/2020, of April 21, to extend with certain modifications in the requirements and until December 31, 2021, the temporary flexibility of the use of the Cooperative Education and Promotion Fund for the purpose of alleviate the effects of COVID-19.

You can consult the particularities of the Education and Promotion Fund for cooperatives in Chapter 11 of this Practical Manual.