Decree No. 29 / 2003 Coll.
Decree amending Decree No. 278 / 1998 Coll., implementing Act No. 58 / 1995 Coll., on Insurance and Financing of Exports with State Aid and supplementing Act No. 166 / 1993 Coll., on the Supreme Audit Office, as amended, as amended by Act No. 60 / 1998 Coll., as amended by Decree No. 88 / 2000 Coll. and Decree No. 355 / 2001 Coll.
Valid
Effective from 03.02.2003
29
DECLARATION
of 23 January 2003
amending Decree No. 278 / 1998 Coll., implementing Act No. 58 / 1995 Coll., on Insurance and Financing of Exports with State Aid and supplementing Act No. 166 / 1993 Coll., on the Supreme Audit Office, as amended, as amended by Act No. 60 / 1998 Coll., as amended by Decree No. 88 / 2000 Coll. and Decree No. 355 / 2001 Coll.
The Ministry of Finance provides pursuant to § 4 paragraphs 5 and 7 and § 6 paragraphs 9 and 12 of Act No. 58 / 1995 Coll., on Insurance and Financing of Exports with State Aid and on the addition of Act No. 166 / 1993 Coll., on the Supreme Audit Office, as amended, as amended by Act No. 60 / 1998 Coll., Act No. 188 / 1999 Coll. and Act No. 282 / 2002 Coll.:
Decree No. 278 / 1998 Coll., implementing Act No. 58 / 1995 Coll., on Insurance and Financing of Exports with State Aid and supplementing Act No. 166 / 1993 Coll., on the Supreme Audit Office, as amended, as amended by Act No. 60 / 1998 Coll., as amended by Decree No. 88 / 2000 Coll. and Decree No. 355 / 2001 Coll., is amended as follows:
1. In Article 3 (3), the words "a 'are replaced by the words" from expected changes in technical provisions' and the words "and expected profit or loss in the current accounting year and 'are inserted after the words" a'.
2. In Article 3 (4), the words "the word" and "shall be replaced by a comma after the words" the state of the insurance business at the date of the application and the words "and taking into account the expected economic result of the current financial year" shall be added at the end of the sentence.
3. footnote 4 shall read:
"4) § 2 (s) of Act No. 58 / 1995 Coll., on Insurance and Financing of Exports with State Aid and on Addition to Act No. 166 / 1993 Coll., on the Supreme Audit Office, as amended, as amended, as amended, Act No. 282 / 2002 Coll. '.
4. In Section 4, the dot is replaced by a comma at the end of the sentence and the words "less the insurance engagement covered by passive collateral are added. (5a) 'and footnote (5a) shall read as follows:
"(5a) § 2 (b) of Act No. 363 / 1999 Coll., on Insurance and on the amendment of certain related laws (Insurance Act). '
5. in Article 5 (a), the words "until they are exhausted" shall be deleted;
6. In Article 5 (b), the words "incurred during the current accounting year 'shall be inserted after the words" exclusively for loss'.
7. In Article 5 (c), the words "incurred during the current accounting year" shall be inserted after the words "exclusively for loss."
8. Article 6, including the title, shall be deleted;
9.
Method of submission of the application for loss subsidy and method of payment of subsidies
(Paragraph 6 (12) of the Law)
(1) The request for a subsidy to cover losses resulting from the operation of the aided financing (hereinafter referred to as "loss grants") from the State budget is submitted when the State budget is drawn up for the relevant financial year. The application shall be accompanied by an overview of the amount of commitments resulting from contracts for the acquisition of financial resources concluded at the date of the application, the use of financial resources, the repayment of financial resources provided and the expected need for the acquisition of financial resources.
(2) The grant to cover losses shall be granted during the year of the advance payment in quarterly instalments on the basis of the fact reported in the accounts at the end of each quarter. The advance calculation of the loss payment subsidy shall be submitted by the Export Bank to the Ministry by the 20th day of the month following the end of the quarter. Repayment of the loss payment for the relevant quarter shall be granted no later than the 15th day following the submission of the advance calculation of the loss payment subsidy. The advance calculation of the loss payment subsidy for the fourth quarter shall be submitted by the Export Bank to the Ministry by 10 January of the following year at the latest, according to the preliminary facts reported. The Export Bank shall finance the grant of losses for the year in question with the Ministry in accordance with the special legislation governing financial settlement with the State Budget. '.
This decree shall take effect on the day of its publication.
Minister:
Sobotka v. r.
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Regulation Information
| Citation | Decree No. 29 / 2003 Coll., amending Decree No. 278 / 1998 Coll., implementing Act No. 58 / 1995 Coll., on Insurance and Financing of Exports with State Aid and supplementing Act No. 166 / 1993 Coll., on the Supreme Audit Office, as amended, as amended by Act No. 60 / 1998 Coll., as amended by Decree No. 88 / 2000 Coll. and Decree No. 355 / 2001 Coll. |
|---|---|
| Regulation Type | - |
| Author | - |
| Collection | Code of Laws |
| Date of Promulgation | 03.02.2003 |
|---|---|
| Effective from | 03.02.2003 |
| Effective until | - |
| Status | Valid |
The regulation text is for informational purposes only.
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