Act No. 57 / 1995 Coll.
Act amending the Act of the Czech National Council No. 576 / 1990 Coll., on the Rules of Management of the Budget Funds of the Czech Republic and the Municipality of the Czech Republic (Budget Rules of the Republic), as amended
Valid
Effective from 24.04.1995
57
THE LAW
of 14 March 1995
amending the Act of the Czech National Council No. 576 / 1990 Coll., on the Rules of Management of the Budget Funds of the Czech Republic and of the Municipality of the Czech Republic (Budget Rules of the Republic), as amended
Parliament has decided on this law of the Czech Republic:
The Act of the Czech National Council No. 576 / 1990 Coll., on the Rules of Management of the Budget Funds of the Czech Republic and of the Municipality of the Czech Republic (Budget Rules of the Czech National Council No. 579 / 1991 Coll., Act of the Czech National Council No. 166 / 1992 Coll., Act of the Czech National Council No. 321 / 1992 Coll., Act of the Czech National Council No. 10 / 1993 Coll. and Act No. 189 / 1993 Coll., is amended as follows:
1. Article 5 (3) reads as follows:
"(3) The national budget may:
(a) grants and repayable financial assistance to legal persons and natural persons engaged in business activities, 4)
(b) repayable financial assistance to municipalities and district authorities and through them to organisations established or established by them;
(c) subsidies to civil associations (5) and political parties (6)
(d) grants to legal persons who are established to provide health, education, cultural and social services and to natural persons who provide such services for the sole purpose;
(e) grants to the State Funds of the Republic, amounting to the amount fixed for each Fund by the State Budget Act;
(f) contributions to natural persons under specific legislations.7) ';
Paragraph 36 reads:
(1) The Minister of Finance is entitled to:
(a) implement the measures needed to overcome the temporary discrepancy between revenue and expenditure of the state budget, in particular to provide credit up to the purchase value of CZK 16 billion in the money market; In addition, it can issue treasury vouchers of the Czech Republic,
(b) to provide State guarantees to ensure repayment of loans and similar forms of financial assistance and interest on them, adjusted for any exchange differences, and other expenditure linked to loans and similar forms of financial assistance intended to finance government-approved development programmes.
(2) State guarantees may be granted only up to the amount in which the sum of the instalments referred to in paragraph 1 (b) due in each calendar year does not exceed 8% of the anticipated revenue of the Republic's state budget in those years.
(3) The person whose liability is guaranteed by a State guarantee is obliged to pay the Czech Republic everything that the Czech Republic has spent in the context of the preparation of the State guarantee and on the basis of the guarantee, in compliance with the obligation. When granting a State guarantee, the Ministry of Finance may, in order to ensure full or partial remuneration resulting from the guarantee, establish a lien or lien on the property of the person whose liability is to be guaranteed by the State guarantee. ';
This Act shall take effect on the day of its publication.
Uhde v. r.
Havel v. r.
Klaus v. r.
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Regulation Information
| Citation | Act No. 57 / 1995 Coll., amending the Act of the Czech National Council No. 576 / 1990 Coll., on the Rules of Management of the Budget Funds of the Czech Republic and the Municipality of the Czech Republic (Budget Rules of the Republic), as amended |
|---|---|
| Regulation Type | - |
| Author | - |
| Collection | Code of Laws |
| Date of Promulgation | 24.04.1995 |
|---|---|
| Effective from | 24.04.1995 |
| Effective until | - |
| Status | Valid |
The regulation text is for informational purposes only.
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