Act No. 572 / 2006 Coll.
Law on the acceptance of a loan by the Czech Republic from the European Investment Bank to finance flood relief measures
Valid
Law
Effective from 27.12.2006
Text versions:
27.12.2006
572
THE LAW
of 30 November 2006
on the acceptance by the Czech Republic of a loan from the European Investment Bank to finance flood-related measures
Parliament has decided on this law of the Czech Republic:
(1) The Czech Republic is entitled to receive a loan from the European Investment Bank to finance the needs related to the implementation of the programmes Support for flood prevention II and Support for the recovery, de-mud and reconstruction of ponds and the construction of water tanks, registered in the Information System for the financing of the reproduction of property under the special legislation1). The loan may amount to a maximum of CZK 9,000 000 and must be due within 30 years of the date of signature of the loan agreement.
(2) The loan agreement for acceptance of the loan referred to in paragraph 1 will be negotiated and concluded on behalf of the Czech Republic by the Minister for Finance.
The total expenditure of the State Budget approved by the State Budget Act in the financial year in which the funds thus obtained are used may be exceeded by the amount of the funds received under Article 1. This amount shall be amended in the relevant financial year by the balance of the State budget and the appropriations.
This Act shall take effect on the day of its publication.
Wolf
Klaus v. r.
Topolánek v. r.
1) Sections 12 and 13 of Act No. 218 / 2000 Coll., on budgetary rules and amending certain related laws (budgetary rules).
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Regulation Information
| Citation | Act No. 572 / 2006 Coll., on the acceptance by the Czech Republic of a loan from the European Investment Bank to finance flood-related measures |
|---|---|
| Regulation Type | Law |
| Author | - |
| Collection | Code of Laws |
| Date of Promulgation | 27.12.2006 |
|---|---|
| Effective from | 27.12.2006 |
| Effective until | - |
| Status | Valid |
The regulation text is for informational purposes only.
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