Act No 407 / 2000 Coll.
Act on the State Debt Scheme for partial compensation for damage to farmers affected by drought in 2000
Valid
Law
Effective from 29.11.2000
Text versions:
22.05.2001
29.11.2000
407
THE LAW
of 25 October 2000
on a public debt programme for partial compensation to farmers affected by drought in 2000
Parliament has decided on this law of the Czech Republic:
State bond programme
(1) The purpose of the government bond scheme is to partially compensate farmers for the drought in 2000.
(2) The scope of this government bond programme is CZK 5 000 000 000.
(3) Any liabilities arising from this sovereign bond programme shall be repaid no later than 35 years after the date of entry into force of this Act.
(4) The total expenditure of the State Budget approved by the State Budget Act in the financial year in which the funds thus obtained are used may be exceeded by the funds obtained under this Act. This overrun shall be amended in the relevant financial year by the balance of the State budget and by the appropriations.
The balance of funds acquired under this Act and not used for the purpose referred to in Article 1 (1) shall be reduced no later than 2 years after the date of entry into force of this Act, within 1 month of the date of the finding of the balance.
Efficacy
This Act shall take effect on the day of its publication.
Klaus v. r.
Havel v. r.
Zeman v. r.
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Regulation Information
| Citation | Act No 407 / 2000 Coll., on a state bond programme for partial compensation to farmers affected by drought in 2000 |
|---|---|
| Regulation Type | Law |
| Author | - |
| Collection | Code of Laws |
| Date of Promulgation | 29.11.2000 |
|---|---|
| Effective from | 29.11.2000 |
| Effective until | - |
| Status | Valid |
The regulation text is for informational purposes only.
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