Act No. 547 / 2005 Coll.
Act on a state bond programme to cover the liability of the State guarantee for the consolidation and stabilisation of the banking sector and the financial consequences of the division of the assets of the Czech and Slovak Federal Republic between the Czech Republic and the Slovak Republic for the benefit of the Czech National Bank
Valid
Law
Effective from 30.12.2005
Text versions:
30.12.2005
547
THE LAW
of 1 December 2005
on a government bond programme to cover a commitment from the State guarantee for the consolidation and stabilisation of the banking sector and the financial implications of the division of the assets of the Czech and Slovak Federal Republic between the Czech Republic and the Slovak Republic for the benefit of the Czech National Bank
Parliament has decided on this law of the Czech Republic:
State bond programme to cover the commitment from the State guarantee for consolidation and stabilisation of the banking sector and financial implications from the division of the assets of the Czech and Slovak Federal Republic between the Czech Republic and the Slovak Republic for the benefit of the Czech National Bank
(1) The purpose of the government bond programme is to pay the commitment from the State guarantee granted for the consolidation and stabilisation of the banking sector and the financial implications of the division of the assets of the Czech and Slovak Federal Republic between the Czech Republic and the Slovak Republic for the benefit of the Czech National Bank.
(2) The maximum size of the sovereign bond programme is CZK 22,000 000.
(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.
(4) The total expenditure of the State Budget approved by the State Budget Act in the financial year in which the funds thus obtained will be used may be exceeded by the resources 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.
Efficacy
This Act shall take effect on the day of its publication.
Zaoralek v. r.
Klaus v. r.
Paroubek v. r.
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Regulation Information
| Citation | Act No. 547 / 2005 Coll., on a state bond programme to cover the liability of the State guarantee for the consolidation and stabilisation of the banking sector and the financial implications of the division of the assets of the Czech and Slovak Federal Republic between the Czech Republic and the Slovak Republic for the benefit of the Czech National Bank |
|---|---|
| Regulation Type | Law |
| Author | - |
| Collection | Code of Laws |
| Date of Promulgation | 30.12.2005 |
|---|---|
| Effective from | 30.12.2005 |
| Effective until | - |
| Status | Valid |
The regulation text is for informational purposes only.
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