Decree of the Ministry of Finance and the State Bank of Czechoslovakia No. 102 / 1966 Coll.
Decree of the Ministry of Finance and the Czechoslovak State Bank on the financing of the reproduction of basic funds
Valid
Effective from 01.01.1967
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102
DECLARATION
Ministry of Finance and Czechoslovak State Bank
of 20 December 1966
on the financing of the reproduction of basic funds
The Ministry of Finance and the State Bank of Czechoslovakia (hereinafter referred to as "the Bank ') provides, pursuant to § 391 (2) of the Economic Code No. 109 / 1964 Coll.:
Subject matter and scope of the adjustment
(1) This decree provides for the financing of the reproduction of basic funds by state socialist organisations, foreign trade undertakings and single agricultural cooperatives.
(2) The financing of the reproduction of basic funds of other socialist organisations shall be governed by the principles of this Order, with the fact that the specific specificities of financing of the reproduction of basic funds shall be regulated by the competent central authorities in agreement with the Ministry of Finance and the Bank's headquarters.
Basic appropriations
(1) The basic means are separate items or sets of objects or combined technological and construction units, which are intended to serve the organisation in the long term to perform its tasks and whose purchase price is at least three thousand Kcs. Permanent buildings of the construction site are also essential tools. Without regard to the purchase price, the basic means are land, buildings and buildings.
(2) The basic appropriations are divided into:
(a) the basic means used;
(b) basic funds in reserve;
(c) essential means of preservation.
(3) The basic funds in the reserve are:
(a) basic funds which are intended to be exchanged for basic funds disposed of as a result of damage or repair (operational reserve);
(b) basic means excluded from use which have a permanent production destination for organisations (capacity and product range reserve).
(4) The essential means of preservation are those essential means which are not used by the organisation for reasons of State interest and have been put into preservation with the approval of the Ministry of Finance in so far as they are not covered by specific regulations. *)
(5) The basic means are not:
(a) stocks,
(b) other tangible assets.
(6) Stocks include:
(a) material in stock (e.g. basic material, fuels, spare parts, small and short-term items in stock), finished products (including own production semi-finished products), products, animals, goods, exchange facilities, temporary experimental equipment acquired or remaining after solving the tasks of science and technology, unless it has been activated or sold to another socialist organisation;
(b) articles of gradual consumption in use (e.g. small and short-term items in use, temporary objects of construction site equipment, material in use, articles in hire shops, machinery or parts thereof with suppliers, intended for exchange for repair machines, circulation packaging).
Small and short-term objects are things that are not used at the same time, and
- the price of which is less than three thousand CZK per item without regard to their fitness (small items),
- whose fitness period is less than one year without regard to their price (short-term articles),
- which are only used for the manufacture of a particular contract, series or type of product without regard to their price (temporary construction site equipment, special tools and preparations) and which are not permanent accessories to the basic device,
- which are used as working clothes, work footwear and bedlinen, irrespective of their price and fitness.
(7) Other material assets include other items such as unfinished investments, watercourses, mineral deposits and groundwater, geodetic network, measuring equipment and signals at these points, library collections of single system libraries, art and art works, cultural monuments and museum and gallery items, or sets of such items in museums, galleries and monuments, teaching aids, permanent exhibition files as well as other collections.
(8) Economic management bodies in their field of competence (including for organisations managed by national committees), as appropriate
(a) may, by way of exception, raise or reduce, where appropriate, the limit of three thousand Kčs laid down for basic appropriations (paragraph 1), where it is appropriate that articles of the same type or group are always included in basic funds or stocks;
(b) define which sets of articles and combined technological and construction units will always be considered as a single basic instrument;
(c) define, where appropriate, which items are temporary construction sites, special tools and preparations, replacement equipment, working clothing, work shoes and bedlinen.
Reproduction of basic resources
Organisations shall carry out reproduction of basic funds, broken down into:
(a) construction preparation and security (Section 4);
(b) investment project documentation (Section 5),
(c) investment (Section 6);
(d) maintenance and repair of basic resources (Section 7).
Construction preparation and security
(1) Costs (or expenses), hereinafter referred to as "costs") for the preparation and security of construction (paragraph 2), State economic organisations, foreign trade undertakings and single agricultural cooperatives are required to finance operating funds with a possible distinction in time, budgetary and contribution organisations from non-investment funds.
(2) The costs of preparing and securing construction (excluding project documentation) include the costs of:
(a) the organisational and preparatory work of the investor;
- preparation of preparatory documentation, expertise, etc.,
- the activities of the Directorate of Building Enterprises and Plant,
- technical supervision of the investor,
- the surrender and acceptance of completed buildings and their integrated parts,
- preparation and start of operations, including complex technological testing and testing,
- preparation of beakers for built-in enterprises,
- resettlement of the population;
(b) engineering, completion and services;
(c) bearing geology, unless otherwise specified in specific regulations;
(d) the supply of essential resources (Section 2 (6));
(e) administrative and local charges, periodic penalty payments, late payment, damages related to investment construction, and other intangible costs and surcharges, provided that they are not included in the price of the works and supplies supplied (late payment, payment for use, decision on the admissibility of the construction, authorisation for permanent use of the construction).
Project documentation
(1) The cost of completed project documentation *) for investment construction is due to the organisation to pay from investment funds.
(2) From operational (non-investment) funds, organisations are obliged to cover other project work:
(a) development studies of sector and sector construction;
(b) investment studies and project (investment) tasks;
(c) territorial plans (including territorial technical documents and urban competitions),
(d) construction typing projects;
(e) projects for experimental verification under construction (experimental studies, projects and similar tasks);
(f) the creation of technical economic indicators;
(g) projects for the management of land;
h) projects for exhibitions and fairs abroad,
(i) project competition and demand management;
(j) technical assistance provided by project organisations;
(k) export projects;
(l) repair projects;
(m) other non-investment work.
Investments
(1) Investments are the costs of acquiring new basic funds.
(2) Investments are also costs for:
(a) the corrections to be made to the new basic appropriations and the corrections to be made to the basic appropriations to change their functions and purpose;
(b) the reconstruction of the existing basic resources or the replacement of the basic means by others;
(c) modernisation, superstructures, additions, construction and improvement of the equipment of basic equipment, the cost of which is higher than 5% of the purchase price of the base vehicle (Section 2);
(d) other investments, i.e.:
(da) purchase (transfer) of basic funds, such as land, buildings, buildings, buildings, buildings of construction sites, machinery, equipment and inventory,
(db) investment construction abroad from foreign tangible sources;
(dc) museum items without regard to the purchase price, except works forming part of buildings and buildings;
(dd) works of art and art without regard to the amount of the purchase price, except works forming part of buildings and buildings;
(de) the withdrawal payments for agricultural production for construction.
(3) Investment costs reimbursed by means of investment and included in the purchase price of basic funds (Section 2) are the costs of:
(a) project documentation;
(b) works,
(c) machinery, equipment, tools, inventory, if they correspond to the concept of basic means, transport and installation costs;
(d) works of art and art (work) if they are an integral part of buildings and buildings;
(e) price increases (e.g. construction site facilities, operating increases, territorial increases, preferential increases on selected buildings, increases and rewards for reducing construction time and remuneration for improving construction parameters);
(f) land withdrawal levies for agricultural production for construction (paragraph 2 (de), * *)
(g) the competitive contribution to the sale of foreign exchange. * * *)
(4) Costs reimbursed by means of investment but not higher than the purchase price of basic funds (Section 2) are costs for:
(a) the purchase of land, provided that it is monitored only in the operational records;
b) security and preservation (or maintenance and decontamination) work at construction stoppage,
(c) permanently discontinued investments, unrealised projects as well as unused alternatives to projects;
(d) completed investments which must be replaced, after destruction or damage, by new investments in whole or in part;
(e) contributions and loans to other investors, including contributions to (complementary) investments made by foreign investors.
Maintenance and repair of basic resources
(1) Maintenance and repair of basic funds (Section 2) are required by economic organisations, foreign trade undertakings and single agricultural cooperatives to reimburse operating funds with a possible time resolution, budgetary and contribution organisations for non-investment expenditure.
(2) Maintenance is common, regular treatment (cleaning, lubrication, etc.) of the essential resources; repair operations shall remove wear, defects and functional or visual defects which restore their performance and other technical characteristics. Corrections may also be carried out by exchange.
Financing of investments
Organisations are obliged to finance investments (§ 6) and project documentation for investments (§ 5) for:
(a) State economic organisations and foreign trade undertakings:
from the construction fund *) and the loan * *), other sources being the proceeds from the sale of materials obtained at the construction site;
(b) budgetary organisations:
(ba) from the state budget (national committee budget),
(bb) from supplementary sources;
(bc) investment credits to national committees;
(bd) contributions from other organisations (bodies);
(c) contribution organisations:
(ca) own resources;
(cb) from subsidies from a superior body or state budget,
(cc) contributions from other organisations (bodies);
(d) single agricultural cooperatives:
from the Fund for the Reconstruction and Development of Basic Funds * * *) and credit, * *), with other sources being the proceeds from the sale of materials obtained at the site.
Investment subsidies
(1) In order to finance investment construction, organisations may exceptionally, on the basis of the outcome of the selection procedure †) apply for subsidies (subsidies, grants; hereinafter referred to as "subsidies') from the State budget.
(2) Subsidies shall be granted for specific investment actions within the framework of State budget resources in accordance with predetermined conditions by the Government.
(3) Subsidies will be granted for the period from the start to the completion of the construction. They shall be set at absolute amounts and a relative share of the budgetary price of the action.
(4) Subsidies after approval of the state budget will be made available by the Ministry of Finance or by the authority empowered by it.
(5) Organisations are required to ensure separate records of the subsidies released and the amounts used.
Selection procedure
(1) Before carrying out actions affecting the development of a sector, sector or national economy, a selection procedure shall be carried out setting out the order of their effectiveness and implementation according to the criteria laid down and discussing the way in which their financial and / or foreign exchange cover is to be covered in relation to other construction and overall financial management of the organisation concerned.
(2) The selection procedure is carried out by the economic management bodies in cooperation with the bank in the field consistently in accordance with the continuity and pace of the construction and planning preparation. † †)
(3) The selection procedure is organised by the Bank with the State Technical Commission in cooperation with the economic management body. † †)
(4) In the case of actions carried out by imports or affecting exports, the selection procedure shall include an assessment of their foreign exchange efficiency and return. The results of the selection procedure shall also be used as a basis for the current competition procedure for possible sale of foreign exchange.
Documentation for financing investments
(1) The investor is obliged to submit to the financing branch:
(a) for state economic organisations, foreign trade undertakings and single agricultural cooperatives:
(aa) investment construction plan with a list of buildings, † † †)
(ab) the plan for financing the reproduction of basic funds;
(ac) the decision on the outcome of the selection procedure and the relevant amendments (additions);
(b) for budgetary and contribution organisations:
(ba) investment construction plan with a list of buildings, *)
(bb) notification of the limit of expenditure on reproduction of basic funds;
all such supporting documents (ba, bb), including relevant amendments (additions), shall be verified in advance by the superior authority.
(2) An economic organisation (foreign trade undertaking) using an investment loan or the subsidy is submitted to a further financing branch before the start of financing
- the general budget of the construction * *) for buildings with a budget cost of more than 5 million CZK, as well as for all buildings with credit and / or subsidies and demonstrates their contractual collateral (including the provision of project work) for the entire duration of the construction;
- in the case of non-covered machinery on which the credit is granted, proof of contractual collateral.
In the case of amendments (amendments), the organisation is required to complete the submitted supporting documents in due time or to inform the financing branch.
(3) The budgetary organisation (National Committee) and the contribution organisation submit to the financing branch further as a basis for financing for construction projects with budgetary costs of more than 1 million CZK:
- general budget for construction, * *)
- copies of economic contracts (including economic contracts for project works) for the entire duration of the construction,
and the relevant amendments (additions).
The National Committee shall also submit to the financing branch as a basis for financing:
(a) for buildings with credit regardless of the budget price
- general budget for construction, * *)
- copies of economic contracts (including economic contracts for project works) for the entire duration of the construction,
(b) in the case of non-covered machinery for which an investment loan is granted, a contractual collateral card;
and the relevant amendments (additions).
(4) The single agricultural cooperative shall submit to the financing branch as a basis for financing:
(a) in the case of buildings lent and those assessed by the Ministry of Agriculture and Forestry:
- general budget for construction, * *)
- copies of economic contracts (including economic contracts for project works) for the entire duration of the construction,
as well as the relevant amendments (additions),
(b) for machines not included in the construction budgets, covered by an authorised investment loan:
- the nominal list of these machines,
and its amendments.
(5) The financing branch shall be obliged to reimburse the funds for investments for which the submission of the supporting documents referred to in paragraph 1-4 is a condition of financing:
- for buildings up to the general budget of the construction, * * *)
- for project documentation up to the price specified in the economic contract for such documentation.
(6) In agreement with the economic management authorities, the Bank is entitled to identify the buildings for which the financing branch will introduce a more detailed method of financing by object (operating files).
(7) Investors using an investment loan, or subsidies, or whose construction is financed from the State Budget shall submit, on request, to the financing branch on receipt of the completed supply or part of the copy of the take-over note and on completion of the construction of the technical economic evaluation of the construction.
Financing of the reproduction of basic funds carried out under its own control
(1) Works and supplies carried out by the investor in full or mainly by his or her workers or self-help (for single agricultural cooperatives by his or her own members, employees, joint construction groups of cooperatives, with the assistance of melliorative cooperatives or workers of patronage establishments and other citizens) shall be regarded as reproduction of the basic funds carried out under his or her own control.
(2) All costs included in the purchase price of the basic funds, linked to the execution of works and supplies under their own control, are due to reimbursement by state economic organisations, foreign trade undertakings and single agricultural cooperatives until the invoicing of the works carried out, which must be carried out under the applicable invoicing and pricing rules, of operating funds.
(3) Budget organisations shall be required to cover expenditure included in the purchase price of the basic funds, linked to the execution of deliveries under their own control, from the relevant non-investment items. Upon completion of the work or part of the construction, the central planning budgetary organisation shall pay the corresponding amount of the expenditure on the reproduction of basic appropriations at budgetary prices to the State budget revenue in favour of the revenue account of the relevant budgetary organisation; the national committee or budgetary organisation within the responsibility of the national committee shall carry it into the revenue of the state budget.
Financing of construction stoppage
(1) If temporary or permanent cessation of construction is achieved, organisations are required to pay from investment funds:
(a) the budgetary work to be carried out and completed before the closure,
(b) supplies of machinery and equipment carried out;
(c) machinery and equipment (single purpose and atypical) at a high degree of elaboration;
(d) security, preservation (or maintenance and decontamination) work according to a specific budget;
(e) the cost of the project documentation supplied, or the part of it that has been developed.
(2) The costs referred to in the preceding paragraph include the costs of machinery and equipment and project documentation, even if the construction is not carried out at all.
(3) The costs incurred for permanent cessation of construction shall be charged to the fund of construction (in budgetary and contribution organisations for the resources from which the construction was paid).
(4) The approval of the Ministry of Finance for buildings financed by the State budget (including partial subsidies) is necessary to write down the construction costs which have been permanently discontinued and which cannot be used economically.
Recipes
The amounts of credits received in the current year and relating to supplies made and paid up to 31 December of the previous year shall be payable by the Bank, with the exception of the conversion period, to the central budget for all the construction of budgetary organisations and for economic organisations, foreign trade undertakings and contribution organisations for buildings specifically financed by the State budget (for partial grants the contribution pro rata).
Derogations and derogations
For serious reasons, the Ministry of Finance may allow exemptions from the provisions of § 2-9, 12- 14, the Bank's headquarters from § 10- 11.
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Regulation Information
| Citation | Decree of the Ministry of Finance and the State Bank of Czechoslovak No. 102 / 1966 Coll., on the financing of the reproduction of basic funds |
|---|---|
| Regulation Type | - |
| Author | - |
| Collection | Code of Laws |
| Date of Promulgation | 20.12.1966 |
|---|---|
| Effective from | 01.01.1967 |
| Effective until | - |
| Status | Valid |
The regulation text is for informational purposes only.
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