Decree No. 140 / 1971 Coll.
Decree of the Federal Ministry of Finance and President of the Czechoslovak State Bank on the financing of the reproduction of basic funds
Valid
Effective from 01.01.1972
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140
DECLARATION
Federal Ministry of Finance and Chairman of the Czechoslovak State Bank
of 29 November 1971
on the financing of the reproduction of basic funds
The Federal Ministry of Finance, in agreement with the Ministry of Finance of the Republics pursuant to § 391 of the Economic Code No. 109 / 1964 Coll. as amended by Act No. 138 / 1970 Coll., and the President of the Czechoslovak State Bank ("the Bank ') pursuant to § 7 (5) (d) of the Law No. 144 / 1970 Coll., on the State Bank of Czechoslovakia provides:
Subject matter and scope of the adjustment
(1) This decree provides for the financing of the reproduction of basic funds of state socialist organisations, foreign trade organisations, single agricultural cooperatives and other agricultural cooperative organisations (hereinafter referred to as "organisations') acquired in a supplier's way or under their own direction or, where appropriate, their own assistance.
(2) The financing of the reproduction of basic funds of other socialist organisations shall be governed by the principles of this Order, whereby the specific specificities of the financing of the reproduction of basic funds shall be regulated by the competent federal central authorities for organisations governed by them in agreement with the Federal Ministry of Finance and the Bank's headquarters and the competent central authorities of the Republics for organisations governed by them in agreement with the Ministry of Finance of the Republics and the main constitution of the Bank.
Basic appropriations
(1) Basic equipment shall be separate articles or sets of articles, or combined technological and construction units, which as a whole have a separate technical and economic purpose and which have an operational technical function of more than one year and their purchase price shall be at least three thousand KKS. The basic means are also permanent crops. Without regard to the purchase price, the basic funds are land, buildings and buildings, unless they are real cultural monuments intended as other tangible assets (§ 18).
(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) the basic funds which are intended to be exchanged for the basic resources disposed of by the organisation 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) (*) this consent is not required for basic funds used for civil defence purposes.
(5) The basic means are not:
(a) stocks,
(b) other tangible assets (movable and immovable);
(c) investment.
Stocks
(1) In particular, stocks are material and goods on the way, material in stock, subcontracting, unfinished production, products, animals, goods, exchange facilities and items of gradual consumption in use.
(2) In particular, the items of gradual consumption in use are small and short-term items in use, material in use, items in hire shops, circulators, interchangeable repair machines, temporary buildings of construction sites and other items of gradual consumption.
(3) Small and short-term articles are items which are not used at the same time, and
(a) whose price is less than three thousand CZK per item without regard to their fitness (small items);
(b) whose fitness period is less than one year without regard to their price (short-term articles);
(c) which are used for the production of one or more orders, a series of a particular product type or in mass production, without account being taken of their price (special tools and preparations); or
(d) which are used as working clothes, work footwear, protective articles and accessories and bedlinen, irrespective of their price and fitness.
Other tangible assets
Other tangible assets are other items which cannot normally be measured under generally binding legislation, such as unmodified water flows, mineral deposits and groundwater, works of art and art, unless they are part of built buildings, certain movable and immovable cultural monuments and their sets, museum and gallery items, or sets of such items in museums, galleries and monuments, permanent exhibition files, library collections of uniform system libraries, as well as other collections; other tangible assets shall also be considered as points marks of geodetic networks, measuring equipment and signals at these points and map funds.
Reproduction of basic resources
(1) The organisations are required to ensure the reproduction of basic funds in accordance with the national development plan for the national economy and to spend the resources on it with the maximum economy.
(2) Reproduction of basic funds is to be broken down into:
(a) preparation and security of construction;
(b) project documentation and copyright;
(c) investment;
(d) maintenance and repair.
Construction preparation and security
(1) Costs and, where appropriate, expenses (hereinafter referred to as "costs") for the preparation and security of construction include:
(a) the organisational and preparatory activities of the investor, i.e.:
- drawing up 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 structures or their integrated parts,
- preparation and start of operations, including complex technological testing and testing,
- preparation of beakers for built-in enterprises,
- resettlement of residents,
- final technical-economic evaluation,
(b) engineering;
(c) bearing geology, unless otherwise specified in specific regulations;
(d) equipment for operations and other built-up equipment;
(e) administrative and local charges, periodic penalty payments, late payment fees, any interest (both domestic and foreign), cash compensation for damage related to investment construction, and other intangible costs and surpluses (delayed, payment for use, decision on the admissibility of the construction, permanent use of the construction, etc.).
(2) The costs of preparing and securing construction also include:
(a) development studies of sector and sector construction;
(b) investment studies and project 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 economic and technical adjustment 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.
(3) The costs of building preparation and security are financed from operating (non-investment) funds with a possible time resolution.
Project documentation and copyright
Project documentation *) and copyright supervision * *) for investments are financed from investment funds.
Investments
(1) Investments are material and financial resources spent on the acquisition of new basic funds.
(2) The investments are also:
(a) reconstruction, modernisation (with exceptions provided for in Section 15 (4)), superstructure, addition and construction of existing basic assets or other tangible assets;
(b) objects acquired after the completion of the tasks of scientific and technological development and included in the basic resources, * * *)
(c) other investments.
(3) Reconstructions are interventions in the structural and technological part of the basic devices, which generally result in changes in the original technical parameters and, where appropriate, changes in the function and purpose of the basic devices.
(4) Modernisation is an adjustment in which elements of technical progress are mainly applied, parts of the basic funds are replaced by more modern ones, the equipment of the basic funds increases and their applicability extends.
(5) Other investments are:
(a) the purchase (transfer) of basic funds, such as land, buildings, buildings, machinery, equipment and inventory;
(b) investment abroad from foreign tangible resources;
(c) works of art and art without regard to the amount of the price, except works forming part of the budget of buildings and buildings;
(d) museum items without regard to the price, except works forming part of the budget of buildings and buildings;
(e) income for the withdrawal of agricultural land for investment construction; †)
(f) price increases on imports of machinery and equipment in foreign trade. † †)
Financing of investments and inclusion in basic funds
(1) Investment funds shall finance:
(a) project documentation † † †) and copyright for investments;
(b) works and supplies for investments, including costs relating to the disposal of existing basic funds, where they are included in the construction budget;
(c) machinery, equipment, tools, inventory, if they correspond to the concept of basic means, transport and installation costs;
(d) works of art and museum articles, provided that they form an integral part of buildings and buildings and are included in the budget of the building;
(e) the withdrawal payments for agricultural production for investment construction;
(f) price increases, † † †) if specified by specific regulations.
(2) The value of the works and supplies referred to in the preceding paragraph, including levies on the withdrawal of agricultural land and price increases, is included in the purchase price of the basic funds.
(3) Investment funds shall also be financed but shall not be included in the basic funds:
(a) purchase of land recorded in the operational record;
(b) security and preservation (possibly maintenance and decontamination) work when construction is stopped;
(c) permanently discontinued investments, unrealised projects as well as unused alternatives to projects;
(d) the completed investments which must be replaced, after destruction or damage, by new investments in whole or in part;
(e) contributions to other investors;
(f) works of art and art and museum articles without regard to the amount of the price, except works forming part of the budget of buildings and buildings.
(4) Investment funds are also financed by the purchase (transfer) of basic funds.
Resources for financing investments, project documentation and copyright
Investment, project documentation and copyright for investments shall finance:
(a) state economic organisations and foreign trade organisations from the construction fund, *) loans; * *)
(b) budgetary organisations by State budget (national committee budget), state funds, additional resources, investment credits to national committees and contributions from other organisations (authorities);
(c) contribution organisations from their own resources, loans, contributions from other organisations (institutions), contributions from the state budget and state funds;
(d) single agricultural cooperatives and other cooperative agricultural organisations from the construction fund, loans.
Documentation and conditions for financing investments
(1) The investor is obliged to submit to the financing branch of the bank:
(a) State economic organisations, foreign trade organisations, single agricultural cooperatives and other cooperative agricultural organisations
1. investment construction plan,
2. the financing plan for the reproduction of basic appropriations;
3. nominal list of buildings, * * *)
(b) budgetary and contribution organisations
1. investment construction plan,
2. notification of the limit of expenditure on financing for investment construction,
3. nominal list of buildings.
For complex residential construction included in the plan of national committees, the investment plan and the nominal list of buildings are replaced by the complex housing scheme. †)
(2) The supporting documents submitted pursuant to paragraph (1) shall comply with the State plan and its indicators (for example, limits on the volume of works and supplies, limits on newly launched buildings, results of the selection procedure for buildings; † †) the supporting documents referred to in paragraph (1) (b) (including changes) shall be confirmed directly by the supervisor or, where appropriate, by another competent authority.
(3) For all buildings over 1.5 million KCs † †) the budget costs are submitted to the financing branch of the Bank before the start of financing:
(a) copies of economic contracts for the supply of project works;
(b) a registration sheet for a project task (1) (as a basis for financing project work),
(c) approved general budget for construction, 2)
(d) copies of the economic contracts for the construction part and the decisive supply of technology for the entire duration of the construction;
(e) registration sheet of the building for authorisation management.3)
(4) In the case of buildings for which a subsidy is granted from the State Budget, possibly from State Funds, *) or a loan, the organisations financing the branch of the Bank shall provide the supporting documents referred to in paragraph 3 (a), (c) and (d), irrespective of the amount of the budget costs, as well as a list of the subsidised buildings from the State Budget (State Funds).
(5) In the case of machinery and equipment not included in the budget price of the construction for which a subsidy is granted from the State budget or, where applicable, from state funds, *) or a loan, the organisations financing the branch of the Bank shall provide their list and proof of contractual collateral.
(6) In the case of amendments (amendments), organisations are required to inform and immediately * * of the submitted supporting documents to the bank branch.
(7) The financing branch of the Bank shall make funds available to cover the costs of investments for which the submission of the supporting documents referred to in paragraph 1-5 is a condition of financing:
(a) for buildings up to the general budget of the construction, * * *)
(b) for project documentation up to the price (summary of prices) specified in the economic contract for such documentation or up to the amount of Title I of the general budget of the construction, where the price specified in the economic contract is higher.
(8) In addition to the supporting documents referred to in paragraphs 1 to 5, the organisations financing the branch of the Bank shall, upon request, provide the additional supporting documents necessary to ensure financing and investment control.
(9) In agreement with the relevant central authorities, the Bank may identify the buildings for which the financing branch of the Bank will establish a more detailed financing method (e.g. by object, operating files).
Financing of investments under its own direction
(1) Works and supplies carried out by the investor, wholly or mainly by his own staff and, where appropriate, by himself, shall be regarded as investments carried out under his own control.
(2) The relevant provisions of this Decree apply to the financing of investments carried out under its own control. Furthermore, the investor demonstrates to the financing branch of the bank that the construction is secured by labour, material, subcontracting, etc.
(3) All costs incurred in carrying out work and supplies under their own control are reimbursed by organisations from operating (non-investment) funds.
(4) Budget organisations shall budget and reimburse expenditure relating to the implementation of work and supplies under their own control from the relevant non-investment items. When they are completed, the central planning budgetary organisation shall pay the amount corresponding to the budget prices from the investment service account in favour of its revenue budget account; the national committees or, where appropriate, the budgetary organisations managed by them, shall carry these amounts into the revenue of the national committee's budgets.
(5) The transfer from investment funds shall be carried out by the organisations by in-house payment certificates and by internal invoices. * * * *)
An organisation for completed constructions over 1.5 million CZK of budgetary costs and for completed constructions for which subsidies are granted from the state budget or, where applicable, from state funds *), or credit, irrespective of the amount of budget costs, shall be required to submit to the financing branch of the bank:
(a) take-over entries, †)
(b) evidence of final technical and economic evaluation of the construction put into service (use) † †);
(c) registration sheet for completed construction † † †) (only related to construction on budgetary costs over 1.5 million Kčs).
Financing of discontinued investments
(1) Where investment is temporarily or permanently discontinued by a decision of the competent authority, organisations shall reimburse investment funds:
(a) the budgeting work already carried out and necessary;
(b) the cost of the project documentation supplied and, where appropriate, the part of it developed;
(c) security and preservation (maintenance and decontamination where appropriate) work under a specific budget;
(d) supplies of machinery and equipment carried out;
(e) machinery and equipment (single purpose and atypical) at a high level of preparation.
(2) Following a decision on permanently discontinued investments, the costs incurred shall be written off without delay to the fund of basic funds and investments for the budgetary and contribution organisations to the resources from which the investments have been paid.
(3) In order to write off the costs of permanently stopped investments (including project documentation and unused project alternatives) financed by State budget and state funds (including partial subsidies) which have been stopped and which cannot be used economically, approval of the relevant Ministry of Finance (the State Fund Manager) is required.
(4) The competent Ministry of Finance (manager of the State Funds) may impose an obligation on the organisation to reimburse the funds provided from the State Budget (State Funds).
Maintenance and repair
(1) Maintenance means regular care of essential means to ensure their full operation and, where appropriate, the removal of minor disturbances; where the basic device is not usually disabled.
(2) By repair, partial wear shall be removed in order to put the basic device into operational condition on the basis of a repair plan or unforeseen failures. Corrections may also be made by exchange.
(3) The costs associated with maintaining and repairing basic funds are financed from operating (non-investment) funds with a possible time resolution.
(4) From operating (non-investment) funds *, the cost of:
(a) the reconstruction and modernisation of existing basic appropriations carried out in one place (usually an object) and at a continuous time (uninterrupted), provided that their budget expenditure is:
1. less than 10% of the purchase price of the base vehicle with a purchase price of up to 7 million CZK; However, the load may not exceed 350,000.
2. less than 5% of the purchase price of the base vehicle with a purchase price exceeding 7 million CZK; however, the cargo may not exceed 5 million CZK;
(b) reconstruction and modernisation of the basic funds entered on the national list of * *) real estate cultural monuments and provided that their budget cost is less than 20% of the purchase price of the basic device;
(c) conservation and restoration work (reconstruction, repair) of basic functions (objects of cultural monuments which are other tangible property (§ 4), unless such works create a new technical unit with a permanent technical and economic purpose; in so doing, adjustments may be made to ensure the health, heating, electrical and other technical and safety requirements ensuring the function of cultural monuments, irrespective of their size.
Benefits for investments financed by the State budget
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 period until 15 January of the current year, to the relevant State Budget (State Funds) for all investments by socialist organisations financed from the State Budget (State Funds); for partial subsidies, the contribution shall be made pro rata.
Penalties
(1) Bank's financing branch
(a) do not start financing investments if the investor fails to provide the supporting documents in due time and fails to fulfil the financing conditions set out in Article 11;
(b) interrupt the financing of investments in cases where the investor fails to make proper and timely changes to the financing documents or fails to comply with the conditions laid down in Article 11;
(c) withhold funds for actions financed by the State Budget (State Funds) or, where appropriate, transfer funds to the State Budget (State Funds) revenue account that have been unjustifiably budgeted or drawn up after prior consultation with the investor.
(2) The financing branch of the investor bank and its superior department and, where appropriate, the trustee of the State Funds shall notify the measures referred to in points (a) and (b) of paragraph 1.
(1) The Federal Central Authorities, in agreement with the Federal Ministry of Finance and the Central Bank, in respect of organisations managed by the Federation and central authorities of the Republic, in agreement with the competent Ministry of Finance of the Republic and the relevant Central Bank, in respect of organisations managed by the authorities of the Republics (including for organisations managed by national committees), as appropriate.
(a) increase or reduce, for each item, the limit of three thousand Kčs established for the basic funds, where appropriate, to include the objects of the same species or group in the 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 special instruments, preparations, replacement equipment, working clothes, work shoes, protective articles and equipment and bedding;
(d) define the scope of reconstruction and modernisation; in this case, the central authorities shall also proceed with the relevant planning committee in agreement.
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Regulation Information
| Citation | Decree of the Federal Ministry of Finance and Chairman of the Czechoslovak State Bank No. 140 / 1971 Coll., on the financing of the reproduction of basic funds |
|---|---|
| Regulation Type | - |
| Author | - |
| Collection | Code of Laws |
| Date of Promulgation | 20.12.1971 |
|---|---|
| Effective from | 01.01.1972 |
| Effective until | - |
| Status | Valid |
The regulation text is for informational purposes only.
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