Act No. 451 / 2020 Coll.
Act amending Act No. 228 / 2020 Coll., on the granting of a State guarantee to the Czech Republic for the provision of debts of the Czech Moravian Guarantee and Development Bank, a.s., resulting from the guarantee of credit debts in connection with the mitigation of the negative effects caused by SARS-CoV-2
Valid
Law
Effective from 03.11.2020
Text versions:
03.11.2020
02.11.2020
451
THE LAW
of 29 October 2020
amending Act No. 228 / 2020 Coll., on the granting of a State guarantee to the Czech Republic in order to secure the debts of the Czech Moravian Guarantee and Development Bank, a.s. resulting from the guarantee of credit debts in connection with mitigating the negative effects caused by SARS-CoV-2
Parliament has decided on this law of the Czech Republic:
Act No. 228 / 2020 Coll., on the granting of a State guarantee to the Czech Republic on the guarantee of the debts of the Czech Moravian Guarantee and Development Bank, a.s. resulting from the guarantee of debt from loans in connection with the mitigation of the negative effects caused by the SARS-CoV-2 virus, is amended as follows:
1. In Article 2 (2), "30 June 2024 'is replaced by" 31 December 2027';
2. in Article 3 (a), the number "2020" is replaced by "2021," if the European Commission's Communication on State aid conditions for the economy in response to the COVID-193 pandemic does not result in a shorter period, "and the word" operational "is deleted.
Footnote 3:
"(3) Commission communication C (2020) 1863 the following point is inserted:
3. In Article 3 (c) (1) and (2), the word "operating 'is deleted.
4. In Paragraph 4 (1) of the Introductory Part of the provision, the words "Czech Moravian Guarantee and Development 'are inserted after the word" provided' and the words ", a.s' are inserted after the word" the Bank '.
Transitional provision
Paragraph 3 (a) of Act No. 228 / 2020 Coll., as effective from the date of entry into force of the Act, applies only to the debts of the Czech Moravian Guarantee and Development Bank, a.s., which arise from the liability for debts arising from loans agreed from the date of entry into force of the Act.
Efficacy
This Act shall take effect on the day following its publication.
Vondracek v. r.
Zeman v. r.
Babiš v. r.
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Regulation Information
| Citation | Act No. 451 / 2020 Coll., amending Act No. 228 / 2020 Coll., on the granting of a State guarantee to the Czech Republic to secure the debts of the Czechoslovak Guarantee and Development Bank, a.s., arising from the guarantee of debt from loans in connection with the mitigation of the negative effects caused by the SARS-CoV-2 virus |
|---|---|
| Regulation Type | Law |
| Author | - |
| Collection | Code of Laws |
| Date of Promulgation | 02.11.2020 |
|---|---|
| Effective from | 03.11.2020 |
| Effective until | - |
| Status | Valid |
The regulation text is for informational purposes only.
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