Act No. 5 / 2005 Coll.
Act on a state bond programme to cover part of the loss of the Czech consolidation agency, arising from the takeover of non-financial assets between 1991 and 2003
Valid
Effective from 06.01.2005
5
THE LAW
of 13 December 2004
on a state bond programme to cover part of the loss of the Czech consolidation agency, arising from the takeover of non-financial assets between 1991 and 2003
Parliament has decided on this law of the Czech Republic:
State bond programme
(1) The purpose of the government bond programme is to pay part of the loss of the Czech consolidation agency resulting from the acquisition of non-financial assets between 1991 and 2003.
(2) The maximum scope of this government bond programme is CZK 63 300,000.
(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) Bonds under this Act may be issued from the date of entry into force of this Act until 31 December 2007.
(5) The funds paid for the sale of government bonds issued under this Act shall be concentrated by the Ministry of Finance in an account established under a special law. 1)
Efficacy
This Act shall take effect on the day of its publication.
Zaoralek v. r.
Klaus v. r.
v z. Jahn v. r.
1) Paragraph 45 (6) of Act No. 218 / 2000 Coll., on budgetary rules and amending certain related laws (budgetary rules), as amended.
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Regulation Information
| Citation | Act No. 5 / 2005 Coll., on a state bond program to cover part of the loss of the Czech consolidation agency, resulting from the taking over of non-financial assets from 1991 to 2003 |
|---|---|
| Regulation Type | - |
| Author | - |
| Collection | Code of Laws |
| Date of Promulgation | 06.01.2005 |
|---|---|
| Effective from | 06.01.2005 |
| Effective until | - |
| Status | Valid |
The regulation text is for informational purposes only.
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