Decree of the Government of the Czechoslovak Socialist Republic No. 140 / 1985 Coll.
Decree of the Government of the Czechoslovak Socialist Republic on the principles of financing and financial management of the single agricultural cooperative
Valid
Effective from 01.01.1986
140
GOVERNMENT REGULATION
Czechoslovak Socialist Republic
of 19 December 1985
on the principles of financing and financial management of the single agricultural cooperative
The Government of the Czechoslovak Socialist Republic orders, pursuant to § 14 (3) of Act No. 122 / 1975 Coll., on Agricultural Cooperatives:
Preliminary provisions
The financial management of the single agricultural cooperative ("cooperative ') is part of the system of planned management of the agri-food complex; In accordance with the interests of the whole company, cooperative and members of the cooperative, it ensures effective coordination of material and financial processes and creates conditions for the effective economic development of the cooperative and for the material interest of the cooperative and its members in good management results.
Financing of the cooperative
(1) The cooperative receives financial resources to secure the reproductive process mainly by implementing products, works and services.
(2) In addition, the cooperative shall be provided in accordance with special regulations from the State Budget, the State Funds and other centralised sources.
(a) differential charges;
(b) premiums and supplements to the purchase prices of agricultural products and premiums for the increase in market agricultural production;
(c) special-purpose subsidies to promote socially important measures for the development of agricultural production, in particular to ensure the stabilisation and reproduction of labour, to promote scientific and technological development, to strengthen soil and to restore the environment, to develop the concentration and specialisation of agricultural production, and to improve the rearing of cattle and pigs;
(d) special-purpose subsidies to non-economic non-established cooperatives to ensure their consolidation.
(3) Cooperative loans may be granted (1) in the event of a shortage of own resources.
Cooperative financial resources
The basic financial resources of the cooperative are profit and depreciation; the additional financial resources are special-purpose subsidies and subsidies, loans or other resources. (2)
Use of profit
(1) The cooperative uses profit in the following order:
(a) to pay taxes and levies on the national budget, the national committee budget and the national funds;
(b) the allocation to the cooperative funds in the order specified in Section 6;
(c) for other purposes laid down by specific regulation.3)
(2) If the profit is not sufficient to meet the needs referred to in paragraph 1 (b) and (c), the cooperative shall cover those needs to the extent discussed with the competent authority of the state economic management of the agriest.4)
Application of depreciation of basic funds
The cooperative uses depreciation of basic funds to allocate to the investment fund (Section 8).
Cooperative funds
(1) The cooperative shall establish:
(a) the turnover fund;
(b) the investment fund;
(c) a technical development fund, except as otherwise provided in the specific regulation;
(d) the remuneration fund;
(e) a fund of cultural and social needs;
(f) the reserve fund.
(2) The cooperative may, with the agreement of the Ministry of Agriculture and Nutrition of the Czech Socialist Republic or the Ministry of Agriculture and Nutrition of the Slovak Socialist Republic, set up additional special-purpose funds in agreement with the Ministry of Finance of the Czech Socialist Republic or the Ministry of Finance of the Slovak Socialist Republic.
(3) The balances of the Funds established pursuant to paragraphs 1 and 2 as at 31 December of the calendar year shall be transferred to the following year.
Turnover Fund
(1) The Turnover Fund shall be made up of a profit allocation and may be supplemented by funds from the reserve fund or, where appropriate, by funds allocated by the authorities of the State economic management of agriculture; is increased by the taking-over price of stocks which have been transferred to the ownership of the cooperative in connection with the formation of membership of the cooperative.
(2) The Turnover Fund serves the cooperative to cover part of the stocks; is added following increases in stocks and reductions in operating credits for those stocks. The extent of the addition of the turnover fund shall be determined in the cooperative's economic plan.
Investment fund
(1) The Investment Fund is made up of depreciation of basic funds, profit allocation, sales of basic funds and investments, funds allocated by the State economic management authorities to agriculture, subsidies from state funds and, where appropriate, from other sources. (2) It may be supplemented from the reserve fund and, where appropriate, from other cooperative funds.
(2) The Investment Fund serves the cooperative to finance investment needs, to pay contributions to the acquisition of joint investments and members' shares under the special rules, (5) to pay repayments of investment credits (1) and to provide one-off non-refundable contributions to construction housing cooperatives, as decided by the cooperative, to compensate for differences between the minimum and the actual member share of the stabilising cooperative apartment when changing its user, for flats whose construction started before 1 January 1977.
Technical Development Fund
(1) The technical development fund shall be made up of a contribution from the costs of its own economic activity at the level laid down by the standard, profit allocation, revenue for the results of the management of the tasks of the science and technology development plan and from other sources; 2) may be supplemented from the cooperative reserve fund.
(2) The Technical Development Fund serves the cooperative to finance non-investment expenditure for the development of science and technology.
Remuneration fund
(1) The remuneration fund is made up of a profit allocation; the funds from the reserve fund may be supplemented and, where appropriate, the funds obtained by the cooperative for extraordinary results in its activities or in the context of socialist competition.
(2) The remuneration fund serves the cooperative to strengthen the substantive interest of members or workers, as appropriate; may also be used to cover part of the costs of actions of the cooperative's cadre, personnel and social development.
Cultural and social needs fund
(1) The fund of cultural and social needs is made up of a profit and other resources allocation; (6) the resources from the reserve fund and, where appropriate, the resources obtained by the cooperative for extraordinary results in its activities or in the context of socialist competition.
(2) The Fund of Cultural and Social Needs serves the cooperative in particular to carry out the tasks of cadre, personnel and social development.
Reserve Fund
(1) The reserve fund is made up of a profit allocation.
(2) The reserve fund serves to complement the profit to cover the needs of the cooperative and to allocate the other funds to the cooperative.
Final and repeal provisions
If the cooperative infringes the obligations laid down for the creation or use of the funds, it shall be required to put the fund in its prescribed state in the manner and under the conditions laid down by the Federal Ministry of Agriculture and Nutrition in agreement with the Federal Ministry of Finance and the Ministry of Agriculture and Nutrition of the Czech Socialist Republic and the Slovak Socialist Republic.
Part I of the Decree of the Government of the Czechoslovak Socialist Republic No. 138 / 1975 Coll., implementing certain provisions of Act No. 122 / 1975 Coll., on Agricultural Cooperatives, is deleted.
This Regulation shall enter into force on 1 January 1986.
Strougal v. r.
1) Decree of the President of the State Bank of Czechoslovak No. 103 / 1985 Coll., on the provision of loans and on interest rates.
2) For example, funds provided by other organisations pursuant to Decree No. 159 / 1975 Coll., on cooperation in agriculture and its forms, as amended by Decree No. 100 / 1983 Coll., or by the Federal Ministry of Finance, the Ministry of Finance of the Czech Republic and the Ministry of Finance of the SSR No. 151 / 1978 Coll., on the pooling of funds of socialist organisations, as amended by Decree No. 15 / 1984 Coll., - on damage to the damage under Section 27 of the Order of the Ministry of Finance of the Czech Republic No. 75 / 1985 Coll.
3) For example: - Decree No. 159 / 1975 Coll., as amended by Decree No. 100 / 1983 Coll., - Decree No. 151 / 1978 Coll., as amended by Decree No. 15 / 1984 Coll., - Decree No. 83 / 1984 Coll., on the provision of scholarships and contributions to students of higher education and the Decree of the Ministry of Education No. 87 / 1984 Coll., on the provision of scholarships and contributions to students of higher education, - Decree of the Ministry of Education No. 136 / 1984 Coll., on the Ministry of Health and Social Affairs of the Ministry of Health and Social Affairs No. 84 / 1984 Coll., on the provision of scholarships and material security for pupils of gymnastics and secondary schools, - Decree of the Federal Ministry of Finance, Ministry of Finance of the Ministry of Higher Education, Ministry of the Ministry of Finance, Ministry of the Ministry of Health and Ministry of Health and the Ministry of Labour and the Ministry of Social and Social Affairs No. 88 / 1984 Coll.
4) Article 1 of Act No. 37 / 1972 Coll., on Regional and Regional Agricultural Administrations.
5) Decree of the Federal Ministry of Agriculture and Nutrition No 159 / 1975 Coll., on cooperation in agriculture and its forms, as amended by Decree No 100 / 1983 Coll. Decree of the Federal Ministry of Finance, the Ministry of Finance of the Czech Republic and the Ministry of Finance of the SSR No. 151 / 1978 Coll., on pooling funds of socialist organizations, as amended by Decree No. 15 / 1984 Coll. Decree of the Federal Ministry of Finance, the Ministry of Finance of the Czech Republic, the Ministry of Finance of the SSR, and the President of the Czechoslovak State Bank No. 136 / 1985 Coll., on financial, credit and other assistance of cooperative and individual housing construction and modernization of family houses in personal ownership.
6) For example, the funds provided by other organisations under Decree No. 159 / 1975 Coll., as amended by Decree No. 100 / 1983 Coll., or Decree No. 151 / 1978 Coll., as amended by Decree No. 15 / 1984 Coll.
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Regulation Information
| Citation | Decree of the Government of the Czechoslovak Socialist Republic No. 140 / 1985 Coll., on the principles of financing and financial management of the single agricultural cooperative |
|---|---|
| Regulation Type | - |
| Author | - |
| Collection | Code of Laws |
| Date of Promulgation | 23.12.1985 |
|---|---|
| Effective from | 01.01.1986 |
| Effective until | - |
| Status | Valid |
The regulation text is for informational purposes only.
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