Government Decree No. 28 / 1953 Coll.
Regulation on management funds in national construction, assembly and municipal building enterprises
Valid
Effective from 01.01.1953
28.
Government Regulation
of 7 April 1953
on management funds in national construction, assembly and municipal building enterprises.
The Government of the Czechoslovak Republic, with the agreement of the President of the Republic pursuant to § 42 paragraph 1 of Act No. 241 / 1948 Coll., on the first five-year Economic Plan for the Development of the Czechoslovak Republic (Act on the Five-Year Plan):
(1) In order to increase the initiative and responsibilities of the directors (s) of the national enterprises of construction and assembly and municipal construction enterprises (hereinafter referred to as "undertakings") and to encourage the material interest of employees in the implementation of the technical construction and financial plan, a Management Fund (hereinafter referred to as "the Fund") is hereby established in those enterprises.
(2) The list of undertakings in which the Fund is set up is to be drawn up by the Ministry of Finance in substance in agreement with the Ministry of Finance.
(1) A share of the planned profit or a share of 1 1 / 2% of the planned savings achieved by reducing the own costs of construction and assembly works is included in the fund.
(2) In addition, where an undertaking exceeds the profit plan and the plan to reduce its own costs of construction and assembly works, the contribution to the fund shall be transferred from the total overpaid profit or from the overpaid savings achieved by reducing its own costs of 25%.
(3) The Fund will also receive a remuneration from the overpayment of its own funds (Turnover Funds) in accordance with the terms and conditions laid down by the Finance Minister by the Specific Directives.
(4) The total annual aggregate share of the fund shall not exceed 5% of the annual wage fund of workers on construction and assembly works and production facilities, converted into a percentage of the actual implementation of the construction and assembly plan.
(5) The condition for granting the fund's share is that the undertaking fulfils or exceeds the construction and assembly work plan in terms of volume, the plan to reduce its own costs of construction and assembly works and the profit plan.
In determining the amount of the excess profit or the excess savings achieved by reducing the construction costs, those profits or savings shall not be taken into account for those amounts which result from causes which are not dependent on the company's production activities.
(1) At the end of each quarter, the advance share shall be transferred to the Fund on the basis of the company's balance sheet of 50% of the amount calculated in accordance with Section 2, according to the aggregate results achieved since the beginning of the year.
(2) The final amount of the share transferred to the Fund is determined on the basis of the approved annual balance sheet.
(1) The fund shall be used by the manager (s) of the undertaking:
(a) to expand the production, construction and repair of the housing business and to improve production (small mechanisms, implementation of improvement proposals, etc.) and beyond the planned investments, at the rate of 40% of the Fund;
(b) to improve the cultural and social care of business workers (for the expansion of non-industrial economies, for the establishment of children's facilities, canteens, clubhouses, for the purchase of inventory for such facilities, for physical purposes and such as); to pay individual fees to workers for excellent work, to pay workers' recreation vouchers and to pay one-off assistance to employees.
(2) Expenditure relating to the Fund may be effected only at the rate of the amounts actually entered in the Fund. The disbursement of amounts which are expected to be transferred to the Fund in the future is prohibited.
(3) The budget of the Fund shall be approved by the Director (manager) of the undertaking after consultation with the race board. The use of the Fund's funds, in particular the purpose and amount of the amounts spent, must be made known to all the undertakings working.
The Ministry of Finance is responsible for checking the disbursement of the fixed amounts to the Fund and issuing the funds in enterprises. The rights of the ministries concerned to carry out this check and their responsibility for it remain unaffected.
The Minister of Finance is hereby authorised to:
(a) identify other undertakings for which the Fund may be set up;
(b) decide in doubt which undertakings are subject to the provisions of this Regulation.
The Ministry of Finance shall issue detailed directives for the implementation of this Regulation in agreement with the relevant ministries and a single trade union organisation.
The undertakings to which the fund was set up are not subject to the provisions of Decree No. 104 / 1945 Coll., on Racial and Business Councils, as amended by Act No. 188 / 1948 Coll., where they provide for an obligation to pay the individual fund of workers a share of the net profit.
Provisions contrary to this Regulation shall be repealed.
This Regulation shall enter into force on 1 January 1953; they shall be implemented by the Finance Minister in agreement with the participating members of the Government.
Zaporocký v. r.
Broad v. r.
Cable v. r.
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Regulation Information
| Citation | Government Decree No. 28 / 1953 Coll., on Directors' Funds in National Enterprises of Construction and Assembly and in Municipal Enterprises of Construction |
|---|---|
| Regulation Type | - |
| Author | - |
| Collection | Code of Laws |
| Date of Promulgation | 05.05.1953 |
|---|---|
| Effective from | 01.01.1953 |
| Effective until | - |
| Status | Valid |
The regulation text is for informational purposes only.
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