Act No. 291 / 1948 Coll.
Law on Interim Management of the State Economy in the Initial Period of 1949
Valid
Effective from 01.01.1949
291.
Law
of 21 December 1948
on the provisional management of the state economy in the initial period 1949.
The National Assembly of the Czechoslovak Republic decided on the following Act:
The Government is hereby authorised to conduct the state economy according to the state budget, which is attached to the government draft budgetary act establishing the state budget for 1949, between 1 January 1949 and the publication of the budgetary act for 1949, but no later than 31 March 1949.
(1) During the interim management of the state economy, only expenditure may be incurred on tasks arising from the law or based on legal degrees and on tasks which require the uninterrupted operation of public administrations and public undertakings.
(2) Investment expenditure may be effected at the same time only within the framework of the implementation plans of the first five-year economic development plan of the Czechoslovak Republic (hereinafter referred to as the "implementation plans").
(3) Construction investments and the purchase of real estate by the State, carried out or supported by the State, can be carried out only after prior consultation with the Ministry of Transport (technical and technical), in the case of the Ministry of Transport. There is no need to discuss with the Ministry of Technology when it comes to building investments and the purchase of real estate carried out by military administration or state enterprises Czechoslovak Post or State forests and goods.
(4) The need to invest the volumes of the People's Administration will be paid at the same time by State resources, provided that the own funds of these volumes are not sufficient. These investments can only be made according to implementation plans. People's administrations are not entitled to close loans to cover their investments.
(1) The reporting authorities shall draw up and submit to the central office supervisor quarterly statements of expenditure and revenue, broken down into months.
(2) The Central Authority shall examine and adapt these statements and shall also draw up a statement of its expected expenditure and revenue. After consulting the Ministry of Finance, the Central Office shall draw up a summary statement and send it to the Ministry of Finance.
(3) The reference offices shall draw up, mutatis mutandis, statements of the results of the management for the preceding quarter and submit them to the superior central office, the Ministry of Finance and the Supreme Accounting Audit Office.
(4) The provisions of the preceding paragraphs shall apply mutatis mutandis to funds designated by the Minister of Finance, the budgets of which are attached to the budgets of each chapter and to special-purpose assets under the rules on incorporation aid and to the family allowances fund, and to state enterprises.
(5) Minister for Finance
(a) determine the time limits for the submission of the statements referred to in the preceding paragraphs and their form and specify the procedure for their consideration;
(b) shall adjust the amount of the expenditure declared in the statements referred to in paragraphs 1, 2 and 4.
(6) The Minister of the Interior will, in agreement with the Minister of Finance, take similar measures for the field of the volumes of the People's Administration.
The Government hereby authorises the regulation to adjust the interest and amortisation of the Czechoslovak internal government debt, agreed by 31 December 1945, following debts also agreed by the holders of executive powers in the period of non-freedom in the territory of the Czechoslovak Republic. In the absence of such adjustment, that service shall be carried out in accordance with the rules applicable in 1948.
The Minister of Finance is hereby authorised to:
(a) provide cash by means of transitional loans to offset transitional deficits resulting from a time discrepancy between revenue and expenditure;
(b) provide credit operations with the amount needed to cover State expenditure not covered by State revenue;
(c) carry out the credit operations necessary for the prolongation, conversion or payment of internal and foreign debts, as well as for the reimbursement of expenses associated with such credit operations;
(d) issue interest-free and visible government bonds under the Agreement of 22 July 1944 on the International Monetary Fund, published under No 68 / 1946 Coll., and under the Agreement of 22 July 1944 on the International Bank for Reconstruction and Development, published under No 69 / 1946 Coll.;
(e) has carried out credit operations to meet commitments arising from government bonds issued under (d) or under similar powers in the years preceding.
The expenditure and revenue for the interim management of the state economy shall be settled definitively, if for the benefit of this budget, following the publication of the Budget Act establishing the State Budget for 1949.
This Law shall take effect on 1 January 1949, with the exception of the provisions of Paragraph 3, which shall take effect on the date of its publication; it shall be carried out by all members of the Government.
Gottwald v. r.
Dr John v. r.
Zaporocký v. r.
Broad v. r.
Fierlinger v. r.
Dr. Ševčík v. r.
Dr Clementis v. r.
Maj-Gen Svoboda v. r.
Dr Gregor v. r.
Nosek v. r.
Dr Dolansky v. r.
Dr. Unedible v. r.
Dr Cap v. r.
Kopecký v. r.
Kliment v. r.
Děuriš v. r.
Krajčir v. r.
Petr v. r.
Dr. Ing.
Dr Neuman v. r.
Erban v. r.
Plojhar v. r.
Ing. Jankovcová v. r.
Dr. Šrobár v. r.
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Regulation Information
| Citation | Act No. 291 / 1948 Coll., on the Interim Management of the State Economy in the Initial Period of 1949 |
|---|---|
| Regulation Type | - |
| Author | - |
| Collection | Code of Laws |
| Date of Promulgation | 30.12.1948 |
|---|---|
| Effective from | 01.01.1949 |
| Effective until | - |
| Status | Valid |
The regulation text is for informational purposes only.
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