Decree of the Minister of Finance No. 157 / 1960 Coll.
Decree on the release and control of wage funds by the Czechoslovak State Bank
Valid
Effective from 01.01.1961
157
DECLARATION
Minister for Finance
of 8 October 1960
on the mobilisation and control of wage funds by the Czechoslovak State Bank
The Minister of Finance shall provide in the agreement with the participating central authorities pursuant to Article 11 (2) of Act No. 83 / 1958 Coll., on the arrangements for the financial planning and financial management of national enterprises and other economic organisations of the state socialist sector, and pursuant to Article 20 (1) (b) and Article 20 (2) of Act No. 8 / 1959 Coll., laying down the basic rules on the State Budget and on the management of budgetary resources, and after consultation with the Regional National Committees, certain regional national committees and workers of certain major enterprises:
Preliminary provisions
In order to ensure the maximum satisfaction of the ever-increasing material needs of workers, the economic law on labour distribution needs to be applied more consistently and to ensure a reliable control of labour and consumption levels. This will further deepen socialist production relations and favourable conditions for developing creative activities. This activity will help to the greatest extent to increase the social productivity of work and the efficiency of production, in particular by detecting and making full use of our economy's internal resources and reserves. Achieving this goal necessarily requires an even more effective combination of the interest of every worker with the interest of the company and society, by appropriate measures to increase the personal material interest of workers in the continuous development of the national economy. These assumptions are also ensured by a long-term normative on the relationship between labour productivity growth and average wages, as well as by a normative on the creation of the premium fund.
The purpose of this decree is to ensure, on the basis of the cooperative cooperation of the workers, the economic and state apparatus and with the continuous active participation of the Revolutionary Trade Union Movement, that the desired proportions between labour productivity growth and average wage growth are respected through the mobilisation and control of wage funds in accordance with established long-term standards.
(1) This decree provides for the mobilisation and control of wage funds, basic wage funds and premium funds by the Czechoslovak State Bank (hereinafter referred to as "the Bank ') for State Socialist sector organisations which have a turnover, normal or other similar account with the Bank; For budgetary organisations involved in all revenue and expenditure on the State budget and in the information facilities to which a contribution from the State budget is granted, only the provisions of Section 12 shall apply.
(2) The mobilisation and control of wage funds, basic wage funds and premium funds of social sector organisations other than state socialist sector organisations are carried out in accordance with the principles of this decree and by agreement of the Bank with the relevant headquarters of the organisation.
Common provisions
Statements of annual plans
The mobilisation and control of wage funds, basic wage funds and premium funds shall be carried out by the Bank on the basis of the indicators of the approved work plan and, where appropriate, other indicators, the performance of which depends on the amount of funds made available from those funds (hereinafter referred to as indicators). These other indicators shall be determined in agreement with the bank by the authority superior to the organisation.
(1) Ministries and other central authorities and authorities (hereinafter referred to as "central authorities") shall, within one month of the approval by the Government of the State of the National Economy Development Plan, send the Bank's headquarters a statement of the annual plan. The listing shall contain individual indicators, in total, for all organisations within the field of competence of the Central Authority.
(2) The central authorities shall immediately notify the Bank's headquarters of the approved changes to the indicators of the annual plan; they shall report on a quarterly basis the balance of the reserves retained.
(3) The provisions of paragraphs 1 and 2 shall apply mutatis mutandis to the Regional National Committees as regards organisations managed by them, with the exception that the Bank's head office is the regional branch of the Bank.
(4) Each organisation shall submit to the relevant branch of the Bank, by the date of drawing up the advance payments for January, a statement of the annual plan of indicators applicable to the mobilisation and control of wage funds, basic wage funds and premium funds (Section 3) and broken down by specified period (Section 7 (1)). In addition, an association, a leading national undertaking or other economic organisation with a similar status (hereinafter referred to as "the association ') shall also submit to the branch of the bank an annual plan containing, in aggregate, indicators for the association as well as for all organisations subordinate to it.
(1) The indicators of the annual plans of the organisations, as well as the allocation of indicators for the specified periods, may be amended no later than the last day of the year or the specified period covered by the change. The amendments shall be notified in writing to the Bank's branch.
(2) The breakdown of reserves is considered to be a change in the indicators of the annual plans or a change in their breakdown over the specified periods. such change may be made no later than the date on which the wage fund is drawn for the period covered by the change.
(3) The extracts of the annual plan, as well as the notifications of amendments, must bear the name of the organisation and the signatures of its responsible staff.
Provisions for wage funds, basic wage funds and premium funds
(1) The competent authorities are obliged to use their wage fund reserves to cover the relative excess of the organisation's wage fund. The same applies to the use of the reserve of the parent body's basic wage fund, unless the excess of the organisation's basic wage fund is covered by the reserve of the organisation's basic wage fund or its premium fund; if the superior authority does not have a free reserve of the basic wage fund, it may use the reserves of its premium fund. The reserve of the wage fund (basic wage fund) of the supervisor and the organisation shall be treated as a breakdown (§ 5) or as a tying (§ 15).
(2) The reserve of the premium fund may be used by the superior body only if it has actually been created from the funds paid. The use of the premium fund reserve may be made by adjusting the premium fund norm (Section 5), which was originally established for the organisation, by granting a monetary subsidy to the organisation premium fund or by giving consent to exceed the premium fund of the organisation established under the standard; the granting of a cash grant and the granting of an agreement to exceed the premium fund is not a change in the norm.
(3) Organisations may create only the reserve of the wage fund (basic wage fund) by not dividing part of the annual wage fund (basic wage fund) into individual periods of the year.
(4) Organisations for which long-term labour-plan standards are not applied may use up to 1% of the annual wage fund from retained reserves to provide special remuneration for special credit.
(5) The provisions of the wage fund (basic wage fund) cannot be transferred to the following year.
Mobilisation
(1) Funds from the wage fund, the basic wage fund and the premium fund are made available by the Bank within the deadlines and for periods agreed with the organisation, in a substantially increasing manner since the beginning of the year. Where it is economically more advantageous, the Bank may introduce the mobilisation of wage funds for individual periods agreed.
(2) The funds from the wage fund and the basic wage fund (from the premium component of the wage fund) are released by the Bank on the basis of the final statement of wages for the last month of the specified period in question for the submission of wage withdrawals.
(3) The funds from the premium fund shall, as a general rule, be mobilised by the Bank within the time limits for drawing up the basic wage fund.
(4) The wage and premium withdrawals must be duly completed and bear the organisation designation and signature of the head of organisation or person specifically authorised by him to do so.
(5) The wage and premium withdrawals shall be accompanied by cheques for the final payment or other payment orders and transfer orders to cover wage reductions ("cheques and transfer orders') and a statement of insurance premiums and sickness insurance benefits.
(6) During the specified period, the organisation draws funds from the wage fund, the basic wage fund and the premium fund in advance without submitting the wage and premium withdrawals. When drawing advances from the wage fund and the basic wage fund, he presents cheques and transfer orders, marked "advance on wages for..................................................................................................................................................................................................................................... The statement of premiums and sickness insurance benefits shall be presented by the organisation when using the monthly wage bill.
(1) Special remuneration appropriations paid under the special provisions of the wage fund reserves (Section 6 (4)) shall be made available by the Bank for the submission of cheques and transfer orders at any time during the year but not later than the date fixed for drawing up the wage fund for the last month of the year. These amounts shall be shown in the wage collection for the current period under the item of the wage fund actually drawn or, where applicable, its premium component.
(2) Organisations for which the general arrangements for financial management are not in place and which have a farm fund of workers or other similar fund shall draw funds for exceptional remuneration from that fund at any time during the year, on the presentation of cheques and transfer orders marked "Cash remuneration from the farm fund of workers"; these funds are not included in the wage collection. If these organisations fall into the sector where the standards are in place, the superior authority must transfer from the reserve of its premium fund to the State budget amounts equal to the extra cash remuneration paid by the organisations from the farm funds of the workers.
(1) The funds from the wage fund, the basic wage fund and the premium fund are drawn by the organisation at the maturity date of the wages, unless otherwise provided for in the decree, or unless the director of the relevant branch of the bank has authorised an exemption under specific regulations.
(2) On imperative grounds, the Bank may, at the request of the Organisation, release the relevant part of the funds from the wage fund, the basic wage fund and the premium fund beyond the specified deadlines, in particular on taking up leave or working time, on taking up or leaving the brigade or military service, on taking up employment, on taking up employment of a new employee in the general interest and for serious social reasons.
(1) The organisation may use only cash collected from the bank for the payment of wages, bonuses and special remuneration. With the agreement of the director of the relevant branch of the bank, the organisation may also use sales to pay wages from the wage fund (basic wage fund); the amount and method of use of the sales shall be determined by the bank. The revenue may not be used for the payment of premiums for organisations where standards are introduced and for the payment of special remuneration (Section 8). Only funds planned, created or allocated for that purpose may be used for the payment of funds from the wage fund, the basic wage fund and the premium fund.
(2) The funds drawn from wage funds, basic wage funds and premium funds, but not used for payment, are returned to the Bank by the organisation within a period set by specific regulations.
(1) Funds from wage funds, basic wage funds and premium funds may not be released if their release would infringe the provisions of this decree, in particular if not all the prescribed documents, duly drawn up and signed, are submitted to the Bank within the prescribed time limits. The Bank will also not release funds if wage rules are likely to be violated by their release.
(2) If the Director-General of the Bank so dictates or requests by the authority in charge of the organisation, the Bank may not release the funds.
(3) The bank shall deduct amounts wrongly requested or previously wrongly released from the funds drawn by the wage (premium) collection.
Special authorisation of the bank
(1) In order to enable the Bank, in the interests of all workers, to carry out properly the tasks assigned to it by this decree, it shall be entitled:
(a) carry out analyses of the drawing-up of wage funds, basic wage funds and premium funds; In particular, it examines how standards are respected in relation to the relationship between labour productivity growth and average wages and standards for the creation of the premium fund. For the purposes of the analysis, it shall also monitor, extract and compare from the organisations and their superior bodies the provisions of this Decree and the wage regulations, both for the organisations and their superior bodies the documents and analyses of performance, work and wages, and the statistics and the indicators planned; making use, in particular, of the findings identified by the authorities to the superior organisations and monitoring how the organisation implements the measures imposed by those authorities;
(b) on the basis of an analysis, propose and require measures to remedy defects, in particular where standards are not complied with in relation to labour productivity growth and average wage increases and standards for the creation of the premium fund;
(c) to operate on organisations by means of credit and other measures in accordance with specific rules and to apply the penalties provided for in this Regulation, if it is infringed, in breach of wage regulations or in breach of the planned indicators;
(d) exclude in agreement with the authority of the superior organisation the value of the production unsecured by the disposal of the wage fund (basic wage fund), in particular in those cases where the desired range is not met and supernormal stocks are created, etc.,
(e) to introduce, in the case of budgetary organisations, in particular in the event of unfavourable wage developments, prior checks on the drawing of wage funds in agreement with the authority of the superior organisation.
(2) The organisations and their superior bodies are obliged to facilitate the exercise of their powers by the Bank's authorities.
Drawing on the basic wage fund and premium fund
Drawing on the basic wage fund
An organisation whose performance depends on the amount of funds released from the basic wage fund shall be mobilised in accordance with the provisions of Sections 14 and 15, and an organisation which does not have such an indicator shall be mobilised in accordance with the provisions of Section 16. This indicator is generally the indicator used to establish the normative relationship between labour productivity growth and average wage growth.
(1) Funds from the basic wage fund are released up to the amount of the organisation's converted basic wage fund.
(2) The organisation's converted basic wage fund is the planned basic wage fund of all the employees of the organisation, converted by a fixed ratio (conversion rate) to fulfil the indicator and the percentage of the number of employees, but in principle up to 100% (higher percentage only with the approval of the Bank's headquarters).
(3) The conversion rate for exceeding the indicator must always be lower than the increase in wage growth in labour productivity growth in accordance with the standard. In doing so, it shall be taken into account that organisations which have taken up a higher task in the plan than those laid down by the guidelines of the superior body are to be favoured.
If the indicator is met to 100% and if the indicator is not fulfilled, the basic wage fund shall be converted by the same ratio as the indicator (conversion rate equal to 1).
An organisation that has adopted a higher task in the plan than the guidelines of the superior body shall, when the indicator is not fulfilled, set a conversion rate of less than 1 but higher than that of an increased percentage according to the standard. However, this preferential conversion rate may only be used if the range between labour productivity growth and average wage increases under the directive of the superior body is respected.
(4) The indicators, conversion rates and details of how the basic wage fund is to be converted shall be determined by the Bank in agreement with the authority of the superior organisation. The Bank may, in agreement with the authority of the superior organisation, authorise, where justified, the conversion of the basic wage fund in accordance with the performance plan (without taking into account the implementation of the staff plan).
(1) If an organisation requests to be mobilised with more wage resources than that of the converted basic wage fund, the bank branch shall release an amount which exceeds the converted basic wage fund (hereinafter referred to as "relative overshoot of the basic wage fund") if the competent authority so agrees (paragraphs 2 and 3).
(2) The consent is given in principle by the Director of the relevant branch of the Bank. However, the Director-General of the Bank may, in agreement with the Head of the Central Office (Director of the Regional Branch of the Bank in agreement with the relevant Regional National Committee), designate another body to give his consent.
(3) Even if it is for the director of the branch of the bank to give his consent, the director of the branch of the bank may require the authority designated by him to give his consent to the superior organisation. This authorisation shall be used by the manager of the branch of the bank, in particular if there is a recurrent higher relative excess of the organisation's basic wage fund, or if corrective measures (paragraph 6) are not implemented or are not considered sufficient by the manager of the bank's branch.
(4) However, if the institution has given its approval to the management body, the manager of the bank branch may refuse to release the amount of the relative excess of the basic wage fund if the organisation does not generate funds in the premium fund or will not be able to save the relative excess. This authorisation may be used by the manager of the branch of the bank if he has notified both the organisation and the authority of his superior and if the authority of the management of the organisation has not, when giving its consent, tied the amount of the relative excess of the organisation's basic wage fund in its reserve (paragraph 8).
(5) The organisation shall require a timely decision on consent to the relative excess of the basic wage fund.
(6) Consent may be granted only to an organisation which no longer has any spare reserves of the basic wage fund and only on condition that the organisation ensures, within a specified period of time:
(a) the implementation of corrective measures in order to eliminate the causes which have led to a relative excess of the basic wage fund if such measures are not sufficient;
(b) saving the relative excess of the basic wage fund within the prescribed time limit, not later than the date on which the wage withdrawal was submitted for the last month of the current year;
(c) in the framework of the rules in force, the reduction of premiums and the reduction of the salaries of workers responsible for the relative excess of the basic wage fund, or the application of compensation, disciplinary and criminal penalties against such workers.
If the Director of the Bank's branch gives his consent, the organisation must commit itself to the measures referred to in the preceding sentence in writing and, at the same time, submit to the Bank's branch an analysis of the reasons which led to the relative excess of the basic wage fund. If the authority gives its consent to the management body, it shall require the organisation to ensure the measures referred to in points (a), (b) and (c) in a written consent decision.
(7) If the bank branch releases the amount of the relative excess of the basic wage fund, the organisation's premium fund shall bear the same amount for as long as the relative excess of the basic wage fund is not saved [paragraph 6 (b)]. If the relative excess of the basic wage fund of the organisation is covered by the reserve of the authority of the superior organisation, the bank shall not bind the amount of relative excess in the premium fund of the organisation. If there is no savings in the relative excess of the basic wage fund by the date of submission of the wage withdrawal for the last month of the current year, the organisation must withdraw the tied amount from its premium fund to the State budget.
(8) If the bank's branch releases the amount of relative excess of the basic wage fund to an organisation that does not have the free reserve of the basic wage fund or the funds in the premium fund, the authority of the superior must tie the same amount in its reserve of the basic wage fund until the organisation has saved the relative excess of the basic wage fund. If the superior authority does not have a reserve of the basic wage fund, the bank shall agree with it to tie up the amount of relative excess of the basic wage fund of the organisation in the premium fund reserve. If no savings are made by the date of submission of the wage withdrawal for the last month of the saving period, the fixed amounts of the basic wage reserve may no longer be used; the amount tied to the premium fund reserve shall be transferred to the State budget when the financial settlement is made. In exceptional and justified cases, the Ministry of Finance may waive the contribution to the State budget.
(9) If the relative excess is not saved until the date of submission of the wage withdrawal for the last month of the current year and if it is not covered by the organisation's premium fund or by the reserve in the basic wage fund or in the reserve of the premium fund of the supervisor, the Director-General of the Bank shall, with the head of the Central Office, discuss the deduction of the amount of the outstanding relative excess in the implementation of the organisation's basic wage fund for the last month of the year. For organisations managed by national committees, the Director of the Bank's Regional Branch and the Chairman of the Regional National Committee shall discuss the deduction of amounts of outstanding relative overruns.
(10) Paragraph 6 (b) and (c), and paragraphs 7, 8 and 9, do not apply if the relative excess of the basic wage fund is due to a natural disaster or the payment of compensation for the wages of road racing workers for work related to the operation of motor vehicles or mechanical equipment used for loading, transport and unloading of copanins in the autumn campaign.
(1) Funds from the basic wage fund of an organisation which is not an indicator for the conversion of the basic wage fund are released only up to the planned basic wage fund for a specified period.
(2) If, when submitting the wage collection, the organisation requests more wage funding than the planned basic wage fund (absolute excess of the basic wage fund), the provisions of Paragraph 15 shall apply mutatis mutandis.
Production and drawing up of the premium fund
(1) The premium fund shall be established on the basis of the annual results of the performance of the specified indicator and the standard for the creation of the premium fund. The amount of the allocation during the year shall be determined on the basis of an indicator agreed between the authority of the superior organisation and the bank; the indicator will generally be the same as that determined by the normatics.
(2) In determining the amount of entitlement to the premium fund for the whole year, the standard laid down for its creation shall be based on the conditions for its reduction or increase.
(3) The allocations to the premium fund during the year shall be advance payments and shall amount to no more than as many percent of the planned premium fund as the indicator has been implemented since the beginning of the year (paragraph 1).
(4) The method of determining the amount of the allocations to the premium fund shall be determined by the authority responsible for the organisation in agreement with the Bank in accordance with the following principles:
(a) when exceeding the specified indicator, the excess allocation to the premium fund must be substantially lower than the amount calculated in accordance with the standard for the creation of the premium fund. In doing so, account shall be taken of the non-favourable treatment of organisations that exceed the low-mobilising tasks,
(b) in the event of failure to comply with a specified indicator expressing an improvement against the previous year (e.g. the increase in profits), the allocation to the premium fund shall be at the level specified by the standard. In the event of non-compliance with an indicator which does not show an improvement against the previous year (e.g. profit, own costs), the allocation to the premium fund shall be reduced in a proportion greater than the non-compliance with the specified indicator, as a rule under the conditions laid down by the standard.
(5) In addition to the allocations provided for in paragraphs 3 and 4, the premium fund shall also receive allocations (Section 6 (2)) or, where appropriate, temporary appropriations granted (Section 23 (2)) from the reserves of the superior body. Under special regulations, allocations from other organisations may also be included in the premium fund. *) These allocations and the funds temporarily granted to the premium fund shall be notified in writing to the organisation which increases the premium fund.
(1) The funds from the premium fund (Sections 17 (1) and (4)) are made available during the year in principle up to 75% of the funds in the premium fund, the use of which is permitted by this decree or specific provisions.
In justified cases, in particular where it is necessary to mobilise funds from the premium fund of self-controlled establishments (Section 23 (2)), the Bank may, at the request of the authority of the superior organisation, authorise the use of more than 75% of the funds in the premium fund. The rest of the available resources may be drawn up by the organisation after an annual assessment of the economic results.
(2) The provisions of paragraph 1 shall apply only in respect of the funds of the premium fund created by the organisation itself in the current year, in accordance with the standard laid down.
(3) If the organisation has spent more than the annual premium fund, adjusted according to the results of the evaluation, during the year, the bank shall bind the overpaid amount in the premium fund of the following year. The authority of the superior organisation shall decide, by agreement with the bank, whether the organisation is required to transfer the tied amount in whole or in part to the State budget and shall determine the period within which the contribution is to be made.
Evaluation of the use of the basic wage fund and premium fund
(1
(2) The association (Paragraph 4 (4)) is required to submit to the relevant branch of the bank an analysis of the drawing of the basic wage fund and premium fund for the whole production economic unit in relation to the performance of the broken down indicators. Similarly, an undertaking shall also proceed if, exceptionally, it is provided for in its plant for the separate release and control of wage funds (Section 23 (2)).
(3) If the assessment indicates that the core wage fund of the association has been exceeded in proportion to the performance of the indicator, the bank shall:
(a) discuss with the association measures to eliminate the causes which led to the overrun;
(b) may suspend, in whole or in part, payments from the premium fund of the association; if the association does not balance the amount by which the basic wage fund exceeded in proportion to the performance of the indicator even by the end of the year, the amount suspended in the premium fund of the association must be paid to the State budget,
(c) notify the measures implemented under points (a) and (b) to the central office (Regional National Committee) within the scope of the association.
Drawing a wage fund not established on the basis of long-term standards
(1) An organisation whose performance depends on the amount of funds released from the wage funds is determined shall be mobilised up to the amount of the planned wage fund for the specified period, calculated by the ratio (coefficient) to that indicator. The coefficient shall be determined by the Bank in agreement with the authority of the superior organisation; the coefficient must not be higher than the proportion of the total wage fund directly dependent on the performance of the specified indicator.
(2) The wage fund may be recalculated without the premium component if the bank agrees with the authority of the superior organisation. In that case, premium appropriations may be used up to the planned annual premium component.
(1) Paragraph 15 of the relative excess of the wage fund applies mutatis mutandis. It shall not be regarded as a relative excess if the payment of exceptional remuneration from the special-purpose reserve to the superior authority is made to the staff of the organisation.
(2) If the funds are made available separately from the premium component (Paragraph 20 (2)), the provisions of Paragraph 15 apply only to the wage fund without that component. the premium component is not considered as a premium fund.
(1) Funds from the organisation's wage fund, which is not defined by the indicator for the conversion of the wage fund, are made available up to the amount of the planned wage fund.
(2) The provisions of Paragraph 15 apply mutatis mutandis to the absolute excess of the wage fund. An absolute excess of the wage fund shall not be regarded as being affected by the payment of exceptional remuneration from the special-purpose reserve to the superior body to the staff of the organisation, and by the discharge of appropriations for the remuneration of creative work and the significant results paid under the special regulations on the savings of the wage fund, unless the organisation draws the wage fund in an increasing manner (§ 7 (1)). Article 8 (1) shall apply mutatis mutandis to the mobilisation of such funds.
Special adjustment
(1) In agreement with the head of the organisation, the Bank may introduce separate easing and control of wage funds for individual establishments or types of activity of the organisation, etc. The Bank may also organise joint easing and control of wage funds by several organisations (within the region, etc.) in agreement with their superior body. The provisions of this decree shall apply mutatis mutandis to such easing and control of wage funds.
(2) If a separate mobilisation and control of wage funds is in place for the plants which are the norm for the creation of the premium fund, the Bank may release the funds from their premium fund, with the agreement of the manager whose organisational unit is the establishment. If the organisation does not have the funds in its premium fund, it must obtain them from the reserves of the superior authorities; the funds provided shall be returned by the organisation to the senior bodies, unless those authorities, in a reasoned case, waive the requirement to recover the funds provided.
Cooperation of the Bank with the Revolutionary Trade Union Movement
In order to enhance the broad participation of workers in the management of the national economy, the Bank's authorities work closely and consistently in implementing the provisions of this decree with the Revolutionary Trade Union Movement.
Transitional and final provisions
If long-term standards of personal material interest are introduced for organisations, according to the special regulations, the corresponding part of the funds of the farm fund of workers is included in the premium fund. The organisation shall notify the relevant branch of the Bank of the amount of such funds.
In exceptional and justified cases, the Director of the Bank's branch shall not require the organisation to implement the measures required to mobilise the remuneration in this decree. The Director of the Bank's Regional Branch may reserve this power in serious and justified cases. The application of the penalty provided for in Article 11 (2) may be waived only with the agreement of the Bank's Director-General, with the application of the penalty provided for in Article 15 (9) only with the agreement of the Bank's Director-General or the Director of the Bank's Regional Branch in respect of organisations governed by national committees.
(1) The Bank's headquarters may provide details of the arrangements for the mobilisation and control of wage funds, basic wage funds and premium funds, as appropriate, in agreement with the Central Office (Regional Branch).
(2) The Bank's headquarters sets out the models for compulsory wage (premium) withdrawals and other forms needed for the release and control of wage funds.
(3) The Director-General of the Bank shall adjust the method of monitoring the implementation of the personal expenditure plan outside the wage fund.
The Minister of Finance may, for serious reasons, allow exemptions and derogations from the provisions of this Order.
The Order of the Minister of Finance No 167 / 1958 Ú. l., on the Release and Control of Labour Funds by the Czechoslovak State Bank, is hereby repealed. *)
This Decree shall take effect from 1 January 1961.
Minister of Finance:
Děuriš v. r.
*) Finance Ministry Directive No. 180 / 1959 Ú. l. and Decree of the President of the State Planning Commission and Finance Minister No. 196 / 1959 Ú. l.
*) The Ministry of Finance Directive of 1 December 1959 No 163 / 71 441 / 59 (published in the Ministry of Finance Bulletin No 13 of 1959) continues to apply as an implementing regulation for Section 17 of this Decree.
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Regulation Information
| Citation | Decree of the Ministry of Finance No. 157 / 1960 Coll., on the Release and Control of Labour Funds by the Czechoslovak State Bank |
|---|---|
| Regulation Type | - |
| Author | - |
| Collection | Code of Laws |
| Date of Promulgation | 07.11.1960 |
|---|---|
| Effective from | 01.01.1961 |
| Effective until | - |
| Status | Valid |
The regulation text is for informational purposes only.
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