Decree No. 162 / 1980 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 01.01.1981
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162
DECLARATION
Federal Ministry of Finance and Chairman of the Czechoslovak State Bank
of 7 November 1980
on the financing of the reproduction of basic funds
The Federal Ministry of Finance, in agreement with the Ministry of Finance of the Czech Socialist Republic and the Ministry of Finance of the Slovak Socialist Republic pursuant to Article 391 (1) of the Economic Code No. 109 / 1964 Coll., as amended by Act No. 37 / 1971 Coll. and supplemented by Act No. 144 / 1975 Coll. and the President of the State Bank of the Czechoslovak Republic pursuant to § 7 (5) (d) of Act No. 144 / 1970 Coll., provides:
Subject matter and scope of the adjustment
(1) This decree regulates the creation and use of the investment fund and other resources and the financing of the reproduction of basic funds and other tangible assets in production units, (1) in state economic organisations organised in a production unit, group companies and special purpose enterprises, in state economic organisations organised outside production units, in other state socialist organisations and in foreign trade organisations (2) (hereinafter referred to as "organisations'), carried out in a supplier's way or under its own direction.
(2) The financing of the reproduction of basic funds and other tangible assets by socialist organisations other than those referred to in paragraph 1 is governed by the principles of this Decree; the specific financing of the reproduction of basic funds may be adjusted by the competent federal central authorities for organisations managed by them in an agreement with the Federal Ministry of Finance and the headquarters of the Czechoslovak State Bank ("the Bank ') and by the competent central authorities of the Republics for organisations managed by them in an agreement with the Ministry of Finance of the Republics and the main constitution of the Bank.
Reproduction of basic assets and other tangible assets
(1) Reproduction of basic funds and other tangible assets includes:
(a) preparation and security of construction (Section 5);
(b) project documentation including copyright, 5)
(c) investment (Section 6);
(d) maintenance and repair (Section 7).
(2) The organisations are required to ensure the reproduction of basic funds and other tangible assets in accordance with the development plan for the national economy and to spend it in accordance with the relevant legislation and with the highest economy.
Construction preparation and security
(1) Construction preparation and security shall include costs and, where appropriate, expenditure on:
(a) the organisational and preparatory activities of the investor, i.e.:
1. the development of investment projects;
2. project tasks and studies of building sets,
3. the activities of the Directorate-General for Building Enterprises and Plant;
4. technical supervision of the investor,
5. commit and take over completed buildings or their integrated parts;
6. preparation and start of operations, including complex technological testing and test operations;
7. preparation of cadres for built-in enterprises;
8. resettlement of the population;
9. comprehensive processing of documentation of the actual implementation of the construction,
10th final technical and economic evaluation;
(b) the engineering and completion activities of the supplier;
(c) technical assistance provided by project organisations;
(d) equipment for operations and other built-up equipment;
(e) administrative and local charges related to the preparation and security of construction, periodic penalty payments, late payment, damages related to investment construction and other intangible costs and surcharges, any interest on loans (domestic and foreign) and foreign exchange costs associated with the acquisition of foreign exchange at the Czechoslovak Commercial Bank, a. s.;
(f) licences and other similar authorisations for future production or operation.
(2) Costs and, where appropriate, expenditure on the preparation and security of construction are also included:
(a) projects for the economic and technical adjustment of land;
(b) projects for exhibitions and fairs abroad,
(c) project competition and demand management;
(d) development studies on sector and sector construction;
(e) land planning documentation and land planning documents, including urban competitions;
(f) construction typing projects;
(g) projects for experimental verification under construction;
(h) the production of technical economic indicators;
(i) geological survey.
Maintenance and repair of basic assets and other tangible assets
(1) Maintenance is the regular care of essential resources and, where appropriate, other tangible property which slows down the course of the physical wear process, is preceded by its consequences so as to ensure their operational condition and safe operation, or to eliminate minor defects.
(2) By repair, partial physical wear or damage shall be removed in order to put the basic device and, where appropriate, other tangible property into operational condition, its technical characteristics restored, functional, visual and safety deficiencies removed; their operational quality, performance and safety are restored for buildings and buildings. The most recent knowledge of science and technology, in particular the technology of their implementation, the choice of materials and the standardisation of components, is applied in repairs.
(3) Repair of machinery and equipment may also be carried out by exchange. 9)
GROUNDS FOR FINANCING THE REPRODUCTION OF BASIC INSTRUMENTS AND OTHER COMPOUNDS
Financing of construction preparation and security costs
The costs of building preparation and security shall be financed by organisations from operational (non-investment) funds with a possible time resolution. 10)
Financing of maintenance and repair costs of basic funds and other tangible assets
The costs associated with the maintenance and repair of basic assets or other tangible assets (including project documentation for repairs) shall be financed by organisations from operational (non-investment) funds and, where appropriate, from the repair fund. 11)
Financing of project documentation and investment
Project documentation and investment shall finance:
(a) state economic organisations and foreign trade organisations from their own resources, from centralised sources from senior bodies, investment credit, subsidies from the state budget, (12) State funds, subsidies from national committees' budgets, contributions from other organisations (13) and from other sources;
(b) budgetary organisations by State budget or State funds, by national committee budget, by additional resources and by contributions from other organisations; 13)
(c) own-funds contribution organisations, contributions from the State budget or, where applicable, from the State funds, contributions from the national committee budget, contributions from other organisations, 13) from investment credit and, where appropriate, from other sources;
INVESTMENT FUND
Investment fund of the production unit
(1) The investment fund of production units (1) consists of:
(a) an allocation according to the depreciation standard of basic funds, which shall be determined by the percentage of the planned depreciation and by the profit standard allocation determined by the percentage of profit; the standards shall be determined from the depreciation of the basic funds and from the profit of the production unit as a whole in its financial plan in relation to the planned volume of investments (including planned other investments), project documentation and repayments of investment credits;
(b) contributions from other organisations, 4)
(c) revenue from the sale of basic funds and investments;
(d) transfer from other funds where provided, 5)
(e) depreciation of subordinate enterprises (6) intended for centralisation;
(f) transfer from other sources, where appropriate. 7)
(2) The investment fund of the production unit may also consist of:
(a) a supernormative allocation
- the increase in profits in accordance with the decisions and conditions laid down by the central authority supervisor in agreement with the relevant Ministry of Finance,
- from the export material stimulation fund (8), up to 50% of the planned profit allocation by normatics,
(b) by allocation from centralised sources to a superior central authority;
(c) a special-purpose allocation from a superior central authority (from centralised depreciation of basic funds and, where appropriate, from profit) to finance investments provided for as binding tasks of the State Plan;
(d) special-purpose subsidies from the state budget, 9) possibly from state funds.
(3) In calculating the profit allocation to the investment fund of the production unit, the actual profit used to calculate the amount of the allocation shall be deducted and the actual loss shall be added to the amounts expressing the losses caused by the non-bone-like production in full of those losses, but up to a maximum of 2% of the output. 10)
(4) The profit allocation according to the normative may be made monthly during the year at the level of actual needs, but up to the amount of the normative. The supernormative allocation may be made during the year of the advance payment, up to the amount specified in paragraph 2 (a).
(5) The allocation of depreciation of basic appropriations may be made during the year in advance monthly up to the amount of the annual plan in the manner and within the time limits laid down in the specific regulation. 11)
(6) The investment fund of production units with a planned loss or relatively low profit formation and production units subject to the payment of the free balance of profit, production units under the responsibility of the Federal Ministry of Fuel and Energy and production units for agricultural supplies and purchases and agricultural production shall constitute a fixed amount in accordance with the conditions laid down by the superior central authority in agreement with the competent Ministry of Finance.
(7) The investment fund of the production unit is used:
(a) to finance planned investments and project documentation, including the authorial supervision of the production unit;
(b) to finance other investments in the production unit;
(c) to pay the instalments of the investment credits of the production unit;
(d) to provide contributions to other organisations;
(e) allocations to investment funds to subordinate undertakings from centralised sources;
(f) the contributions to the central authority,
(g) for other purposes in accordance with specific provisions.
(8) Funds which will not be used as a result of non-performance of construction tasks over 10 million CZK of budgetary costs may not be used to finance other investment needs referred to in paragraph 7, except for the actual savings of budgetary costs of completed buildings.
(9) Investment fund funds of the production unit shall be deposited in a separate account with the bank.
(10) Transfers from the investment fund of the production unit to other funds of the production unit are not allowed.
Investment fund of the enterprise
(1) The investment fund of an undertaking, (6) Except for foreign trade organisations, is constituted by an allocation according to the normative provision of depreciation of basic funds and profit mutatis mutandis in accordance with § 11 (1) (a), (3) and other allocations under § 11 (1) (b), (c), (d) and (f).
(2) The investment fund of an undertaking, (6) With the exception of foreign trade organisations, may also be constituted mutatis mutandis in accordance with Article 11 (2).
(3) The allocations to the investment fund of an undertaking, with the exception of foreign trade organisations, are made by analogy in accordance with Article 11 (3), (4) and (5).
(4) The investment fund of undertakings with a planned loss or relatively low profit formation, undertakings subject to the payment of the free balance of profits, foreign trade organisations, organisations under the responsibility of the Federal Ministry of Fuel and Energy, state agricultural production organisations, organisations managed by the production unit of agricultural supplies and purchases is made up of a fixed amount in accordance with the conditions laid down by the supervisory central authority in agreement with the competent Ministry of Finance; The Ministry of Finance of the Republic shall lay down the conditions for organisations governed by national committees.
(5) The investment fund of undertakings and organisations referred to in paragraph 4 shall apply:
(a) to finance planned investments and project documentation, including copyright;
(b) to finance other investments;
(c) to cover repayments of investment credits;
(d) to provide contributions to other organisations;
(e) for other purposes in accordance with specific rules.
(6) Funds which will not be used as a result of non-performance of construction tasks over 10 million CZK of budgetary costs may not be used to finance other investment needs referred to in paragraph 5, except for the actual savings of budgetary costs of completed buildings.
(7) Investment fund funds shall be deposited in a separate account with the Bank.
(8) Transfers from the IF to other funds are not allowed.
BACKGROUND AND CONDITIONS FOR FINANCING PROJECT DOCUMENTS AND INVESTMENTS
Documentation for financing project documentation and investment
(1) Organisations with the exception provided for in paragraphs 2 and 3 are required to submit to the branch of the Bank:
(a) investment construction plan, 21)
(b) financing plan for investment construction, 22)
(c) the nominal list of buildings. 21)
(2) Budget and contribution organisations are required to submit to the branch of the bank:
(a) investment construction plan, 21)
(b) notification of the limit of expenditure on financing for investment construction;
(c) the nominal list of buildings. 21)
(3) For complex residential construction included in the plan of the national committees, the investment plan and the nominal list of buildings are replaced by the complex housing scheme. 23)
(4) The supporting documents submitted pursuant to paragraphs 1 and 2 shall comply with the State Plan and its indicators, with the results of the procedure for the inclusion of the buildings in the draft implementation plan. 24) The supporting documents submitted by budgetary and contribution organisations, including changes, shall be certified directly by the superior or, where appropriate, by another authorised body.
(5) For all buildings over 10 million CZK of budgetary costs (Title II-VIII of the general budget of the construction), the organisation shall submit to the branch of the Bank before starting financing:
(a) a registration document for the planned construction (12) (as a basis for financing project work); not submitted for the construction of the Z action,
(b) the approved general budget of the construction, including the recap of the costs to the general budget13) and the recap of the costs according to the integrated parts of the construction, which are divided into whole parts, 14)
(c) a registration document for the building being opened. 12)
(6) For buildings for which subsidies are granted from the State budget or, where applicable, from State funds or credit, the organisation shall provide the branch of the Bank with the supporting documents referred to in paragraph 5 (b), irrespective of the amount of the budget costs and the list of buildings subsidised by the State budget (state funds).
(7) For residential buildings, the organisation shall submit to the branch of the bank, in addition to the supporting documents referred to in paragraph 5, a copy of the economic contract for the supply of the whole part of the building.
(8) For permanent crops (Section 2 (3)), the organisations submit to the branch of the bank an approved budget. 5)
(9) For completed constructions over 10 million CZK of budget costs and for construction over 2 million CZK of budget costs for which subsidies or loans are granted, the organisation shall provide the branch of the bank with evidence of the final technical and economic evaluation of the construction put into operation (use). 5)
(10) In the event of changes (addenda) to the submitted supporting documents for the financing of project documentation and investments, organisations are required to inform the branch of the bank in due time and to modify or supplement the submitted documents without delay.
(11) In addition to the supporting documents referred to in the preceding paragraphs, the organisation shall submit to the branch of the Bank, upon request, the additional supporting documents necessary to ensure financing and investment control. 27)
Conditions for financing project documentation and investment
(1) The Bank shall finance project documentation and investment in accordance with the National Economy Development Plan and, provided that the criteria for effectiveness are met, 28) that the organisation shall have financial resources for the entire construction period and spend them with the highest economy.
(2) The financing is carried out by a branch of the bank in whose district the organisation is located.
(3) The branch of the bank carries out the financing of project documentation and investment in the amount of the funds referred to in paragraphs 11 to 15 transferred to the investment accounts of the organisation and up to the amount of the authorised investment loan, or up to the amount of the notification of the limit of expenditure on financing of investments and additional resources.
(4) The branch of the Bank shall carry out the financing referred to in paragraph 3 upon submission of the supporting documents referred to in Article 16:
(a) for buildings over 10 million CZK of budgetary costs and for buildings referred to in Article 16 (6) up to the approved general budget of the construction; for these constructions, which are divided into whole parts, 14) the branch of the bank may finance according to the whole parts of the construction,
(b) for project documentation of construction over 10 million CZK of budgetary costs up to the amount of Title I of the approved general budget of the construction, or up to the amount of the project work referred to in the registration document of the building in preparation, 12)
(c) for buildings up to 10 million CZK of budgetary costs, with the exception of those referred to in Article 16 (6), machinery and equipment not included in the budget of the construction and other investments not included in the budget of the construction, up to the amount of resources in the investment fund or up to the level of the financial limits or, where applicable, the authorised investment loan or subsidy.
(5) For complex residential construction buildings, the branch of the bank carries out financing of this construction according to the complete parts of the buildings, 14) or according to the buildings and operating files.
METHOD OF FINANCING PROJECT DOCUMENTATION, INVESTMENTS AND CORRECTION OF BASIC INSTRUMENTS AND OTHER COMPOUNDS
Method of financing project documentation and investment
(1) Organisations shall finance investment funds:
(a) project documentation, including copyright;
(b) the investment referred to in Article 6 (1), i.e.:
1. supplies of construction works and parts of construction including costs related to the disposal of existing basic funds [if included in the general budget of the construction, 5]
2. machinery and equipment, apparatus, means of transport and inventory, or, where appropriate, sets of such articles, if they correspond to the concept of a basic device under Section 2, the costs of their transport and installation,
3. works of art, if they are an integral part of built buildings and are included in the building budget, 5)
4. supplies of materials, products, semi-finished products, works, performances and, where applicable, expenditure provided by the organisation - investor - for foreign suppliers under contract with the foreign supplier,
5. the costs of the first planting of permanent crops, i.e. the costs of planting and subsequent cultivation incurred until the maturity of permanent crops, after deduction of any revenue (except for the costs of new planting for plants extinct, unproduced, etc.).
(2) Organisations also finance other investments from investment funds (Section 6 (2)), as well as contributions from other organisation13) and security and conservation work (Section 22 (1) (c)).
Method of financing investments carried out under its own direction
(1) Investments carried out under their own control are financed by organisations during their construction from operating (non-investment) funds.
(2) The reimbursement of the costs financed by the operating (non-investment) funds referred to in paragraph 1 shall be made from investment funds on the basis of internal payment certificates and internal invoices. 30)
(3) Budget organisations shall budget and reimburse expenditure relating to the implementation of investments under their own control from the relevant non-investment items. After the end of the current year or, where appropriate, after their completion, the budgetary organisation shall pay an amount corresponding to the budgetary cost of the investment service account in favour of its budget revenue account; the national committees and, where appropriate, the budgetary organisations managed by them, shall carry these amounts into the revenue of the national committee's budget.
Means of financing the maintenance and repair of basic funds and other tangible assets
(1) The costs of maintaining and repairing basic assets and other tangible assets are financed by the organisations under Section 9.
(2) Organisations may also finance from operational (non-investment) funds or, where appropriate, from the repair fund:
(a) the costs incurred for the reconstruction and modernisation of the basic funds (including the relevant documentation) carried out at the same time as the correction;
1. where the total budgetary cost of the reconstruction or modernisation, including the correction, does not exceed CZK 10 million; the general budget shall not specify the repair and reconstruction or modernisation costs; or
2. if the budget cost of reconstruction or modernisation is up to a maximum of CZK 10 million; for basic funds with a purchase price not exceeding 20 million CZK, the budget cost of reconstruction or modernisation may not exceed 50% of the purchase price of the base vehicle (this cost does not include repair costs). The general budget shall specify the repair and reconstruction or modernisation costs.
The competent central authority shall decide which of the procedures referred to in Article 1 or 2 may be applied to all organisations governed by it,
(b) the costs of works and supplies associated with the preservation and restoration of the basic functions of the buildings of immovable cultural monuments entered on the State list of real cultural monuments, unless such works create a new technical unit with a permanent technical and economic purpose; in so doing, medical, heating, electrical and other technical and security arrangements can be carried out to ensure the basic function of the cultural monument. For the purposes of this decree, its use for cultural or cultural political purposes, for the purposes of trade and services and for social security purposes shall not be regarded as a new operational technical unit with a permanent technical and economic identification of a cultural monument.
Method of financing other tangible assets
Other tangible assets referred to in § 3 (1) are financed by organisations from operating (non-investment) funds.
Financing of discontinued investments and unrealised project documentation
(1) Where investments are temporarily or permanently discontinued, organisations shall finance from means of investment:
(a) the budgeting work already carried out and necessary;
(b) the cost of the project documentation supplied, or any part of it developed (including unused project alternatives);
(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) After the decision to stop the investment permanently, the costs incurred shall be written off immediately to the Fund for basic funds and investments.
(3) The approval of the competent authority which approved the project documentation should be required to write off the costs of permanently stopped investments and, where appropriate, unimplemented project documentation; for investments, or unrealised project documentation, financed in whole or in part by State budget funds, the approval of the relevant Ministry of Finance (administrator of the State Fund) is required.
(4) The competent Ministry of Finance (the administrator of the State Fund) may impose an obligation on the organisation to repay the funds provided from the State Budget (the State Fund).
Inclusion of costs into the purchase price of basic funds
(1) The purchase price of the basic funds consists of the costs incurred for the project documentation and the investments referred to in Article 6 (1) and (3).
(2) The purchase price of basic funds includes the withdrawal of agricultural land from agricultural production for investment construction and the funds provided for economic injury elimination measures [Paragraph 6 (2) (c)].
Benefits of investment by organisations financed by the State budget
(1) The amounts of credits of investments by budgetary organisations financed by State budget funds received in the current year and relating to deliveries made and paid by 31 December of the previous year shall be paid by the Bank, with the exception of the period up to 15 January of the current year, to the relevant State budget.
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Regulation Information
| Citation | Decree of the Federal Ministry of Finance and Chairman of the Czechoslovak State Bank No. 162 / 1980 Coll., on the financing of the reproduction of basic funds |
|---|---|
| Regulation Type | - |
| Author | - |
| Collection | Code of Laws |
| Date of Promulgation | 16.12.1980 |
|---|---|
| Effective from | 01.01.1981 |
| Effective until | - |
| Status | Valid |
The regulation text is for informational purposes only.
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