In response to the current severe economic situation, the Pope ordered the abolition of regulations that allow free or preferential use of real estate under the name of the Holy See Ministries and institutions related to the Holy See.
(Vatican News Network)After Pope Francis met Caballero, Director of the Vatican Economic Secretariat on February 13, he ordered the abolition of all regulations that allow free or preferential use of real estate under the name of the Holy See Ministries and related institutions of the Holy See. This new order also applies to the inns (Domus) associated with the Holy See.
The decision, the Pope wrote, “was taken “in order to respond to the imperative and increasing tasks of serving the universal Church and those in need in the current particularly difficult economic situation”. Therefore, “everyone has to make special sacrifices in order to preserve more resources for the Holy See’s mission and to increase income from real estate management”.
The new order concerns cardinals, prefects, presidents, secretaries, under-secretaries, directors and persons of similar rank, including the magistrates of the Holy See Roman Court.
Therefore, the institutions that hold these real properties must generally implement a price list according to the standards of users who do not have any functions in the Holy See and Vatican City State. The inns related to the Holy See must also charge according to the normal price set by its administrative agency.
The Order has no effect on incentives already granted prior to its effective date, so contracts previously entered into remain in force until its natural expiration date. But those contracts can only be extended or renewed in compliance with this new order, unless law or contract requires renewal. Any exceptions to this new law will have to be authorized directly by the pope.
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