Act No. 295 / 2013 Coll.
Act on the State bond programme to cover part of the government budget deficit of the Czech Republic in 2011 exceeding the budget deficit and on the State bond programme to cover other liabilities of the State due in 2013
Valid
Law
Effective from 27.09.2013
Text versions:
27.09.2013
295
THE LAW
of 12 September 2013
on the government bond programme to cover part of the government budget deficit of the Czech Republic for 2011 in excess of the budget deficit and on the state bond programme to cover other liabilities of the State due in 2013
Parliament has decided on this law of the Czech Republic:
Government bond programme to cover part of the Czech state budget deficit for 2011 exceeding the budget deficit
(1) The purpose of the government bond programme to cover part of the 2011 government budget deficit of the Czech Republic in excess of the budget deficit is to raise the funds by the amount by which the actual government budget deficit of the Czech Republic in 2011 exceeded the budget deficit.
(2) The maximum size of this sovereign bond programme is CZK 7788 190 000.
State bond scheme to cover other State liabilities due in 2013
(1) The purpose of the government bond scheme to cover the additional liabilities of the State is to raise funds for the remuneration of:
(a) the principal of the government debt due in 2013;
(b) the principal of government bonds with a maturity of more than 1 year purchased from the market in 2013;
(c) liabilities arising from any decision on early repayment of the principal of hedging derivative transactions;
(d) commitments from any decision on early repayment of loans from the European Investment Bank;
(e) liabilities under any decision on early repayment of government bonds.
(2) The government bonds referred to in paragraph 1 (b) may be bought out of the market in 2013 up to CZK 30 000 000 000.
(3) The maximum size of this sovereign bond programme is CZK 149 139 400 000.
Maturity of commitments
The liabilities arising from the sovereign bond programmes under this Act shall be repaid no later than 105 years after the date of entry into force of this Act.
Efficacy
This Act shall take effect on the day of its publication.
Zeman v. r.
Rusnok v. r.
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Regulation Information
| Citation | Act No. 295 / 2013 Coll., on a state bond programme to cover part of the government budget deficit of the Czech Republic for 2011 in excess of the budget deficit and on a state bond programme to cover other liabilities of the State due in 2013 |
|---|---|
| Regulation Type | Law |
| Author | - |
| Collection | Code of Laws |
| Date of Promulgation | 27.09.2013 |
|---|---|
| Effective from | 27.09.2013 |
| Effective until | - |
| Status | Valid |
The regulation text is for informational purposes only.
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