Decree of the General Director of the Czechoslovak State Bank No. 132 / 1960 Coll.
Decree on the amendment of the Directives of the State Bank of Czechoslovakia No 140 / 1958 Ú. l., on the financing and control of the reproduction of basic funds by state socialist sector organisations and on the provision of investment credits to these organisations by the State Bank of Czechoslovakia
Valid
Effective from 06.09.1960
132
DECLARATION
Director General of the Czechoslovak State Bank
of 13 August 1960
amending the Directives of the State Bank of Czechoslovakia No 140 / 1958 Ú. l., on the financing and control of the reproduction of basic funds by state socialist sector organisations and on the provision of investment credits to these organisations by the State Bank of Czechoslovakia
The Director General of the Czechoslovak State Bank sets out, pursuant to § 11 (3) of Act No. 83 / 1958 Coll., on the arrangements for financial planning and financial management of national enterprises and other economic organisations of the state socialist sector, and under § 21 of Act No. 8 / 1959 Coll., laying down the basic rules on the State Budget and on the management of budgetary resources:
Since the principles set out in the provisions of Sections 34, 36 and 42 of the Czechoslovak State Bank Directives No 140 / 1958 of the Úl. must be aligned with the principles of pricing and the principles of planning the development of the national economy of the CSSR *), the provisions of those Directives are amended as follows:
1. Paragraph 34 (1) shall be deleted; Paragraph 2 shall be added to Paragraph 35 as paragraph 5.
2. Paragraph 36 reads:
"The difference between the actual investment costs and the overheads and prices under the applicable rules shall be assessed in accordance with the plan for industrial enterprises as a result of the main activity and the same difference for research and project work as a result of other implementation; for construction undertakings, this difference shall be assessed as a result of the main activity only in respect of works, otherwise as a result of other implementation. Other economic organisations shall consider this difference as a result of a different implementation if the relevant rules of the State Planning Commission * * do not provide otherwise. '
3. Paragraph 42 (1) and (2) read as follows:
"(1) They are considered as other investments †)
(a) the cost of the payment of the transfer of the management of machinery, equipment, tools and inventory from state socialist sector organisations and the purchase of land, buildings, buildings, machinery, equipment, tools and inventories from organisations other than state socialist sector organisations, provided that such transferred or purchased goods have already served as basic funds; the purchase of land and older buildings, buildings, machinery, equipment, tools and inventories from private individuals are also considered as other investments,
(b) costs of investment construction and overhaul abroad;
(c) the cost of acquiring the basic herd and the towing animals;
(d) other costs as decided by the Ministry of Finance (for the transfer of administration or purchase of building facilities, for the completion premium etc.).
(2) Other investments referred to in points (a), (b) and (d) of paragraph 1 shall be financed by means of construction funds relating thereto. Similarly, costs shall be financed where breeding and towing animals [paragraph 1 (c)] are procured by organisations which do not keep special accounts for the formation of the basic herd under the accounting curriculum directives. The purchase of other investments referred to in paragraph 1 (a) by private individuals shall be governed by specific rules. "
If the procedure was already followed in accordance with the guidelines of the State Planning Commission before the Decree was effective, this procedure shall be deemed to be the procedure under the applicable rules.
This Decree shall take effect from the date of its publication, with the exception of the provisions of Section 42 (1) (a) of the Czechoslovak State Bank Directives No 140 / 1958 / 1, as amended by Article I (3) thereof, as regards the costs incurred for the transfer of the management and purchase of machinery, equipment, tools and inventory, which shall take effect from 1 January 1961.
Director-General:
Vice-President
*) Decree of the State Planning Commission No 187 / 1959 Ú. l., on the methodology of pricing, methodological guidelines and forms for the 3rd Five-Year Plan for the Development of the National Economy of the Czech Republic and for annual plans (State Planning Commission No 162 800 / 60) and the State Planning Commission's Directive on the Measurement of Investments in Own Production and General Corrections carried out under its own direction, No 12 of the SPK Guidelines in 1960.
* *) Methodological guidelines and forms for the 3rd Five-Year Plan for the Development of the National Economy of the Czech Republic and for annual plans (National Planning Commission No. 162 800 / 60).
†) The costs of acquiring gym tools, musical instruments, works of art and museum articles do not fall within the category of other investments, they are reimbursed by means of investment construction.
† †) Decree No. 206 / 1958 of the Ministry of Finance of the Ú. l., on the acquisition by the Socialist sector of property from private individuals.
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Regulation Information
| Citation | Decree of the General Director of the State Bank of Czechoslovakia No. 132 / 1960 Coll., amending the Directives of the State Bank of Czechoslovakia No. 140 / 1958 Ú. l., on the financing and control of the reproduction of basic funds by state socialist sector organisations and on the provision of investment credits to these organisations by the State Bank of Czechoslovakia |
|---|---|
| Regulation Type | - |
| Author | - |
| Collection | Code of Laws |
| Date of Promulgation | 06.09.1960 |
|---|---|
| Effective from | 06.09.1960 |
| Effective until | - |
| Status | Valid |
The regulation text is for informational purposes only.
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