Act No. 299 / 2008 Coll.
The Act on a government bond programme to cover sovereign debt securities due in 2009 and 2010, and to cover sovereign debt securities purchased out of the market in 2009 and 2010
Valid
Law
Effective from 19.08.2008
Text versions:
19.08.2008
299
THE LAW
of 17 July 2008
on a government bond programme to cover the sovereign debt securities due in 2009 and 2010, and to cover the sovereign debt securities purchased from the market in 2009 and 2010
Parliament has decided on this law of the Czech Republic:
(1) The purpose of the sovereign bond programme is to pay the principal
(a) State debt due in 2009 and 2010;
(b) government bonds with a maturity of more than 1 year purchased from the market in 2009 and 2010.
(2) The government bonds referred to in paragraph 1 (b) may be bought out of the market in each given year up to CZK 35 000 000 000.
(3) The maximum size of the government bond programme is CZK 253 388 700 000.
(4) Any liabilities arising from this sovereign bond programme shall be repaid no later than 55 years after the date of entry into force of this Act.
Efficacy
This Act shall take effect on the day of its publication.
Wolf
Klaus v. r.
v. Chunek v. r.
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Regulation Information
| Citation | Act No. 299 / 2008 Coll., on a state bond programme to cover sovereign debt securities due in 2009 and 2010, and to cover securities purchased from the market in 2009 and 2010 |
|---|---|
| Regulation Type | Law |
| Author | - |
| Collection | Code of Laws |
| Date of Promulgation | 19.08.2008 |
|---|---|
| Effective from | 19.08.2008 |
| Effective until | - |
| Status | Valid |
The regulation text is for informational purposes only.
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