Congregation for Institutes of Consecrated Life and Societies of Apostolic Life, Request for a debt ceiling, 20 April 2012, Private.
A Superior General of a religious institute that sponsors a Catholic Health System in the United States wrote to the Congregation for Institutes of Consecrated Life and Societies of Apostolic Life requesting a debt ceiling rather than having to request separate indults for individual loans. The Congregation’s response follows.
CONGREGATION FOR INSTITUTES OF CONSECRATED LIFE AND SOCIETIES OF APOSTOLIC LIFE20 April 2012
Prot. N. ______
We have received your fax of 9 March 2012, in which you enquire about the process by which a religious institute with a large health care system might receive permission from this Dicastery for a debt ceiling, instead of asking for separate indults for individual loans.
This permission is not granted often. If there is a particular need, the Superior General of the Institute concerned should present a petition to the Dicastery, including the reasons for the petition, the extract from the minutes of the Council meeting at which the consent of the Council was obtained, a summary financial statement of the whole system for the past few years, including the current state of indebtedness and an opinion from an independent expert on the capacity of the system to service the additional debt. The petition should also mention any previously granted indults for loans in the recent past.
In any case, if an institute were to consider such a petition, we recommend they write to us for information.
With sincere good wishes in the Lord,
Sr. Nicoletta V. Spezzati, A.S.C.
Congregation for Institutes of Consecrated Life and Societies of Apostolic Life, Request for a debt ceiling, Private, 20 April 2012, CLSA, Roman Replies and Advisory Opinions, 2012, 21.