Act No. 182 / 1950 Coll.
Act on the abolition of National Recovery Funds
Valid
Effective from 28.12.1950
182.
Law
of 20 December 1950
repealing the National Recovery Funds.
The National Assembly of the Czechoslovak Republic decided on the following Act:
The National Recovery Fund in Prague and the National Recovery Fund in Bratislava (hereinafter referred to as the Funds) shall be repealed on 1 July 1951.
(1) The Minister of Finance is hereby authorised to take measures on the rights and obligations of the Funds and other measures related to the abolition and liquidation of the Funds.
(2) Measures of a general nature shall be declared by the Ministry of Finance on an official list. in the same way, in agreement with the Ministry of the Interior, it will issue measures to transfer certain tasks of the Funds to national committees and other public authorities.
(3) The liquidations of the cancelled Funds will be carried out by the Ministry of Finance and the liquidation surpluses will be carried out in the Treasury.
For the prompt implementation of the measures necessary to abolish and prepare the liquidation of the Funds (Section 2 (1)), the Finance Minister shall appoint an agent for each of the Funds. The mandate of the existing bodies of the Funds is also transferred to the agent (§ 3 (2) of Decree-President of the Republic No. 108 / 1945 Coll., on confiscation of enemy property and National Recovery Funds).
(1) The funds are not subject to payment for confiscated property which has been or will be entrusted to or transferred to public authorities by contract; The same applies to confiscated property which has been or will be entrusted by official statement to the administration of national and municipal enterprises.
(2) The Ministry of Finance may determine in which cases the Funds are not remunerated for confiscated assets contracted to national and municipal enterprises.
(3) Funds do not refund the remuneration already received for the confiscated assets from public authorities and from national and municipal undertakings.
(4) The provisions of paragraphs 1 to 3 on national and municipal undertakings are also applicable to the Centre for the Management of Agricultural Products and to the Whaling Enterprise.
All provisions contrary to this law shall be repealed.
This Act shall take effect on the day of its publication; it shall be implemented by the Finance Minister in agreement with the participating members of the Government.
Gottwald v. r.
Dr John v. r.
Zaporocký v. r.
Cable v. r.
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Regulation Information
| Citation | Act No. 182 / 1950 Coll., on the abolition of National Recovery Funds |
|---|---|
| Regulation Type | - |
| Author | - |
| Collection | Code of Laws |
| Date of Promulgation | 28.12.1950 |
|---|---|
| Effective from | 28.12.1950 |
| Effective until | - |
| Status | Valid |
The regulation text is for informational purposes only.
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