SEOUL METROPOLITAN GOVERNMENT ORDINANCE ON THE ESTABLISHMENT AND OPERATION OF SMALL AND MEDIUM BUSINESS SUPPORT FUND
- Enactment No. 2658, Nov. 06, 1990
- Partial Amendment No. 2920, May. 12, 1992
- Whole Amendment No. 3016, Jul. 03, 1993
- Partial Amendment No. 3039, Oct. 30, 1993
- Partial Amendment No. 3172, Mar. 20, 1995
- Partial Amendment No. 3204, Jun. 10, 1995
- Partial Amendment No. 3271, Mar. 20, 1996
- Partial Amendment No. 3381, Mar. 20, 1997
- Partial Amendment No. 3478, Apr. 06, 1998
- Amendment of Other Laws No. 3565, Mar. 15, 1999
- Partial Amendment No. 3601, May. 10, 1999
- Partial Amendment No. 3749, May. 20, 2000
- Whole Amendment No. 3858, Apr. 16, 2001
- Amendment of Other Laws No. 3923, Nov. 10, 2001
- Partial Amendment No. 3981, Mar. 20, 2002
- Amendment of Other Laws No. 4050, Jan. 10, 2003
- Partial Amendment No. 4138, Sep. 25, 2003
- Partial Amendment No. 4412, Jul. 19, 2006
- Partial Amendment No. 4580, Nov. 01, 2007
- Partial Amendment No. 4745, Mar. 18, 2009
- Amendment of Other Laws No. 4908, Jan. 07, 2010
- Amendment of Other Laws No. 5272, Mar. 15, 2012
- Partial Amendment No. 5403, Dec. 31, 2012
- Partial Amendment No. 5729, Jul. 17, 2014
- Amendment of Other Laws No. 6016, Oct. 08, 2015
- Partial Amendment No. 6616, Sep. 21, 2017
- Partial Amendment No. 6712, Jan. 04, 2018
- Amendment of Other Laws No. 6851, Mar. 22, 2018
- Partial Amendment No. 6924, Oct. 04, 2018
- Amendment of Other Laws No. 7217, Jul. 18, 2019
- Amendment of Other Laws No. 7423, Dec. 31, 2019
- Partial Amendment No. 7564, May. 19, 2020
- Amendment of Other Laws No. 7782, Dec. 31, 2020
- Amendment of Other Laws No. 7784, Dec. 31, 2020
- Partial Amendment No. 7792, Dec. 31, 2020
- Amendment of Other Laws No. 7918, Mar. 25, 2021
- Amendment of Other Laws No. 8127, Sep. 30, 2021
- Amendment of Other Laws No. 8235, Dec. 30, 2021
CHAPTER I GENERAL PROVISIONS
Article 1 (Purpose)
The purpose of this Ordinance is to provide for matters necessary for the establishment of the Small and Medium Enterprise Support Fund of the Seoul Metropolitan Government for the sound promotion of small and medium enterprises located in Seoul Metropolitan City and the efficient management and operation of the aforesaid Fund pursuant to Article 142 of the Local Autonomy Act and Article 62-17 of the Small and Medium Enterprises Promotion Act. <Amended by Ordinance No. 6924, Oct. 4, 2018>
Article 2 (Definitions)
The definitions of terms used in this Ordinance shall be as follows: <Amended by Ordinance No. 5403, Dec. 31, 2012; Ordinance No. 6851, Mar. 22, 2018>
CHAPTER II ESTABLISHMENT AND OPERATION OF FUND
Article 3 (Establishment of Fund)
The Small and Medium Enterprise Support Fund of the Seoul Metropolitan Government (hereinafter referred to as the "Fund") shall be established in order to raise and support necessary funds for the promotion and development of small and medium enterprises.
Article 3-2 (Period of Existence of Fund)
The Fund shall exist until December 31, 2022: Provided, That where the Fund is needed to exist after the period of existence expires, the period of existence of the Fund may be extended by amending the Ordinance. <Amended by Ordinance No. 6616, Sep. 21, 2017>
Article 3-3 (Classification of Account)
Accounts of the Fund established under Article 3 shall be classified as follows:
Article 4 (Raising of Fund)
(1) The loan account shall be raised by the following financial resources:
Article 5 (Use of Fund)
(1) The loan account shall be used for the following purposes: <Amended by Ordinance No. 6924, Oct. 4, 2018>
Article 6 (Management and Operation of Fund)
(1) The Fund shall be managed and operated by the Mayor and shall be classified into the loan account and investment account for the efficient support and management. <Amended by Ordinance No. 6924, Oct. 4, 2018>
Article 7 (Public Officials Managing Fund)
(1) For the efficient receipts and disbursements of the Fund, public officials managing the Fund shall be assigned as follows: Provided, That regarding their administrative affairs of encumbrance (including contracting) and payment order, public officials involved in the accounting of government agencies shall serve as public officials managing the Fund to strengthen the transparency of the execution procedures of the Fund, as prescribed by the Seoul Metropolitan Government Rule on Financial Accounting: <Amended by Ordinance No. 4908, Jan. 7, 2010; Ordinance No. 5137, Jul. 28, 2011; Ordinance No. 5272, Mar. 15, 2012; Ordinance No. 5729, Jul.17, 2014; Ordinance No. 6924, Oct. 4, 2018>
CHAPTER III FUND OPERATION DELIBERATIVE COMMITTEE
Article 8 (Establishment of Fund Operation Deliberative Committee and Matters Subject to Deliberation)
(1) The Fund Operation Deliberative Committee (hereinafter referred to as "Deliberative Committee") shall be established in order to manage and operate the Fund efficiently.
Article 9 (Composition of Fund Operation Deliberative Committee)
(1) The Deliberative Committee shall be organized and operated for each account and shall be composed of not more than ten members including one Chairperson for each account: <Amended by Ordinance No. 6924, Oct. 4, 2018>
Article 10 (Operation of Fund Operation Deliberative Committee)
(1) Meetings of the Deliberative Committee shall be classified into regular meetings and extraordinary meetings.
Article 10-2 (Disqualification of, Challenge to, or Refrainment by, Members)
(1) For the purpose of fair deliberation, any member falling under any of the following shall be disqualified from the relevant deliberation:
CHAPTER IV ASSISTANCE FROM FUND
Article 11 (Loan Assistance)
(1) A person eligible for a loan from the Fund shall be a person who falls under any of the following among those who operate a small and medium enterprise in an area within the jurisdiction of the Seoul Government, who meets the standards prescribed by rule of the Seoul Government: <Amended by Ordinance No. 7217, Jul. 18, 2019>
Article 12 (Loan Assistance in Cooperation with Financial Institutions)
(1) In order to stabilize the management of small and medium enterprises, the Mayor may provide loan assistance to small and medium enterprises from funds of a financial institution in cooperation with the relevant financial institution.
Article 13 (Support for Establishment of Small and Medium Enterprise Support Facilities)
(1) The Mayor may subsidize expenses for the establishment of small and medium enterprise support facilities to strengthen the competitiveness of small and medium enterprises, such as enterprise startup, information, technical development, locations, improvements in distribution, finding markets, and training of human resources.
Article 14 (Support via Enterprise Establishment Investment Association)
(1) In order to relieve financial difficulties of venture businesses and small and medium enterprises in the early stage of business startup which possess promising technology, the Mayor may provide support to small and medium enterprise-related organizations for the purpose of making investments in an enterprise establishment investment association, etc.
Article 15 (Making up for Losses of Seoul Credit Guarantee Foundation)
The Mayor may make up for losses in permanent property in the settlement of the Seoul Credit Guarantee Foundation's accounts incurred due to special credit guarantee support following the execution of a special funding plan under Article 17.
Article 16 (Public Announcement of Plan for Support Plan)
The Mayor shall formulate and publicly announce a plan for support under Articles 11 and 12 every year.
Article 17 (Special Funding Plan)
Where considerable numbers of small and medium enterprises are facing serious difficulties in the management thereof due to sudden changes in the economic circumstances, etc., the Mayor may formulate and execute a special funding plan to stabilize the management of small and medium enterprises, as prescribed by rule of the Seoul Government, in addition to a plan for support under Article 16.
CHAPTER V SUPPLEMENTARY PROVISIONS
Article 18 (Performance of Tasks by Agency)
Where the Mayor deems it necessary for the efficient management and operation of the Fund, he or she may allow a City-invested or City-funded institution affiliated with the Seoul Government to perform part of the duties regarding the management and operation of the Fund as an agency, as prescribed by rule of the Seoul Government. <Amended by Ordinance No. 6924, Oct. 4, 2018>
Article 19 (Notification of Changed Matters)
Where a change occurs in the name, representative or location of a business and other business management, any person who receives loan assistance pursuant to Article 11 or 12 shall notify a financial institution of such change, and the relevant financial institution shall notify the Mayor of the details thereof without delay.
Article 20 (Follow-Up Management)
The Mayor may investigate the actual conditions of the management of a loan by a person who receives loan funding or require him or her to submit data relating thereto for the effective promotion of business and evaluation of the results of business.
Article 21 (Inspection of Business Affairs Performed by Agency)
(1) Any City-invested or City-funded institution affiliated with the Seoul Government that manages the Fund as an agency pursuant to Article 18 shall submit matters concerning the management and operation of the Fund to the Mayor every month. <Amended by Ordinance No. 5403, Dec. 31, 2012; Ordinance No. 6924, Oct. 4, 2018>
Article 22 (Closing Accounts and Reporting)
(1) The Mayor shall formulate a plan for the operation of the Fund every fiscal year and prepare a financial report of the Fund within 80 days after the closing of receipts and disbursements.
Article 23 Deleted. lt;by Ordinance No. 4745, Mar. 18, 2009gt;
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