Act No. 220 / 2003 Coll.
Law on the State bond programme to cover the expenses associated with the construction of the D47 motorway
Valid
Law
Effective from 31.07.2003
Text versions:
31.07.2003
220
THE LAW
of 25 June 2003
on a state bond programme to cover expenditure related to the construction of the D47 motorway
Parliament has decided on this law of the Czech Republic:
State bond programme
(1) The purpose of the public bond programme is to cover the costs associated with the construction of the D47 motorway.
(2) The maximum scope of this sovereign bond programme is CZK 47 600 000 000.
(3) Any liabilities arising from this sovereign bond programme shall be repaid no later than 25 years after the date of entry into force of this Act.
(4) The total expenditure of the State Budget approved by the State Budget Act in the financial year in which the funds thus obtained will be used may be exceeded by the resources obtained under this Act. This overrun shall be amended in the relevant financial year by the balance of the State budget and by the appropriations.
Efficacy
This Act shall take effect on the day of its publication.
Zaoralek v. r.
Klaus v. r.
Spindles v. r.
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Regulation Information
| Citation | Act No. 220 / 2003 Coll., on a state bond programme to cover expenses associated with the construction of the D47 motorway |
|---|---|
| Regulation Type | Law |
| Author | - |
| Collection | Code of Laws |
| Date of Promulgation | 31.07.2003 |
|---|---|
| Effective from | 31.07.2003 |
| Effective until | - |
| Status | Valid |
The regulation text is for informational purposes only.
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