Decree of the Minister of Finance and the State Planning Commission No. 47 / 1960 Coll.
Decree amending Decree No 94 / 1959 of the Minister of Finance of the Ú. l., on the financing, lending and control of cooperative and corporate housing
Valid
Effective from 27.04.1960
47
DECLARATION
Minister of Finance and State Planning Commission
of 5 April 1960
amending Decree No 94 / 1959 of the Minister of Finance of the Czech Republic on the financing, lending and control of cooperative and corporate housing
Minister of Finance pursuant to § 16 (1) of Act No. 27 / 1959 Coll., on cooperative housing construction, pursuant to § 11 (1) and (2) of Act No. 83 / 1958 Coll., on the modification of financial planning and financial management of national enterprises and other economic organisations of the state socialist sector, pursuant to § 20 (1) (b) and § 2 of Act No. 8 / 1959 Coll., laying down the basic rules on the state budget and on the management of budgetary resources, and the State Planning Commission pursuant to § 10 (1) of Decree No. 60 / 1959 Coll., on the scope of planning, production and control of prices, after consultation with central authorities and certain national committees, provides:
In order to further develop cooperative housing, it is appropriate to allow enterprises and other socialist sector organisations to provide cooperatives with greater and more favourable mechanisms for housing and building materials. This will create better conditions for the full use of creative activity by workers in organising self-assistance and reducing housing costs. However, undertakings and organisations provide such favourable assistance, provided that the fulfilment of the tasks imposed on them by the State Plan and the budget is not thereby hindered.
The Decree of the Minister for Finance No 94 / 1959 of the Ú. l., on the financing, lending and control of cooperative and corporate housing, is amended as follows:
Article 1 (11) (3) reads as follows:
Where an undertaking or other socialist organisation provides assistance to a cooperative by supplying material, by lending machinery, by performing transport, etc., it invokes such assistance at the prices applicable to state investment construction.
Machines, production facilities or means of transport needed for cooperative housing or for the production of building materials for such construction, but the company (organisation) may, in addition to the time of the planned deployment of such machinery or equipment for the reimbursement of actual direct costs. This refund shall also include an amount corresponding to the depreciation of the underlying funds if depreciation is carried out according to performance or if motor vehicles are carried out by organisations which are not obliged to write off the principal funds. The cooperative shall be responsible for any damage to the assets lent under the applicable rules. If the undertaking (s) carries out transport performance or construction machinery activities for the cooperative outside the time of the planned deployment of such machinery or means of transport, the compensation provisions may be applied mutatis mutandis.
Article 19 (1) reads as follows:
For enterprises in which general financial management arrangements are introduced, corporate housing is financed
(a) free own financial resources applicable to the financing of decentralised construction, provided that the financing of the necessary development of the undertaking is ensured;
(b) contributions from the farm fund of workers;
(c) the interest-free loans of the employees for whom the apartment is built.
In order to ensure the necessary development of an undertaking as referred to in point (a), the authority of the undertaking shall assess directly the supervisor, taking into account the comments made by the branch of the bank. However, the competent authority may delegate the discretion to a direct investor to take into account the comments of the bank's branch.
Undertakings with general financing arrangements may use all their own financial resources to finance their housing construction to finance decentralised investments, *) if they are free resources resulting from:
1. of exceeding the plan,
2. a more mobilizing draft plan.
If it is a free resource resulting from a more mobilising draft plan, undertakings may already include approved housing in their more mobilising plans and implement it within the own funds created to finance decentralised investment construction.
The free own financial resources applicable to the financing of corporate housing are, therefore, both the long-term normatism resulting from the increase in profit (profit) achieved over the plan or under a more mobilising plan and the normatism resulting from the excess depreciation and the results from the sale and disposal of the basic funds, the savings achieved by more efficient acquisition of decentralised investments, the part of the remuneration for savings in centralised construction, * *) the sales of materials extracted from construction and the means released by the acceleration of turnover of circulation.
This decree shall take effect from the date of its publication.
Chairman of the State Planning Commission:
Shimonek v. r.
First Deputy Minister of Finance:
Succharda v. r.
*) Decree of the Minister of Finance No 62 / 1958 Ú. l., on the financial resources of certain economic organisations of the state socialist sector and on the reimbursement of their losses, and No 85 / 1958 Ú. l., on the financial resources of economic organisations involved in the budgets of the national committees and on the reimbursement of their losses.
* *) Decree of the Minister of Finance and Chief Arbiter of the Czechoslovak Republic No. 179 / 1959 Ú. l., on material incentives to improve the efficiency of investment construction, and the Ministry of Finance Directive No. 180 / 1959 Ú. l., on rewards and surcharges for the economy, improvement and acceleration of investment construction.
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Regulation Information
| Citation | Decree of the Minister of Finance and State Planning Commission No. 47 / 1960 Coll., amending Decree of the Minister of Finance No. 94 / 1959 Ú. l., on the financing, lending and control of cooperative and corporate housing |
|---|---|
| Regulation Type | - |
| Author | - |
| Collection | Code of Laws |
| Date of Promulgation | 27.04.1960 |
|---|---|
| Effective from | 27.04.1960 |
| Effective until | - |
| Status | Valid |
The regulation text is for informational purposes only.
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