Act No 493 / 2000 Coll.
Act on government bond programs to cover the deficit of the Czech state budget for 1999 and to cover the principal of state debt due in 2001 and 2002 and amending Act No. 218 / 2000 Coll., on budgetary rules and on amending certain related laws (budgetary rules)
Valid
Law
Effective from 29.12.2000
Text versions:
29.12.2000
493
THE LAW
of 12 December 2000
on government bond programmes to cover the deficit of the state budget of the Czech Republic for 1999 and to cover the principal of state debt due in 2001 and 2002 and amending Act No. 218 / 2000 Coll., on budgetary rules and on amending certain related laws (budgetary rules)
Parliament has decided on this law of the Czech Republic:
STATE DOUBLE PROGRAMMES
Government bond programme to cover the deficit of the Czech state budget for 1999
(1) The purpose of the government bond programme is to pay for the deficit of the Czech state budget for 1999.
(2) The scope of this government bond programme is CZK 29 633 650 000.
(3) Any liabilities arising from this sovereign bond programme shall be repaid no later than 20 years after the date of entry into force of this Act.
Government bond programme to cover the sovereign debt securities due in 2001 and 2002
(1) The purpose of the sovereign bond programme is to pay the principal of the sovereign debt due in 2001 and 2002.
(2) The scope of the government bond programme is CZK 82 050 000 000.
(3) Any liabilities arising from this sovereign bond programme shall be repaid no later than 40 years after the date of entry into force of this Act.
Amendment of the Act on budgetary rules and amending certain related laws (budgetary rules)
Act No. 218 / 2000 Coll., on budgetary rules and amending certain related laws (budgetary rules) is amended as follows:
1. Paragraph 33 (3) reads as follows:
"(3) The accounts referred to in paragraph 2 (a) to (d) are always kept by the Czech National Bank. The total amount of non-fixed-term funds in these accounts shall not be negative. ';
2. Paragraph 33 (4) reads as follows:
"(4) The accounts referred to in paragraph 2 (e) to (h) may be held by banks. The balances of these individual accounts shall not be negative. Banks are required to monitor the balances on these individual accounts and to notify the Czech National Bank of their balance on 31 December. In the case of a negative balance on these individual accounts, banks are required to immediately communicate this fact to the Czech National Bank."
3. Paragraph 33 (6) is deleted.
Paragraphs 7 to 9 shall be renumbered paragraphs 6 to 8.
EFFECTIVE
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. 493 / 2000 Coll., on government bond programmes to cover the deficit of the state budget of the Czech Republic for 1999 and to cover the principal of state debt due in 2001 and 2002 and amending Act No. 218 / 2000 Coll., on budgetary rules and on amending certain related laws (budgetary rules) |
|---|---|
| Regulation Type | Law |
| Author | - |
| Collection | Code of Laws |
| Date of Promulgation | 29.12.2000 |
|---|---|
| Effective from | 29.12.2000 |
| Effective until | - |
| Status | Valid |
The regulation text is for informational purposes only.
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