Government Decree No. 76 / 1960 Coll.
Ordinance on a one-off State contribution to the reduction of debt from the reconstruction and construction of family homes and agricultural holdings in a two-year period
Valid
Effective from 18.06.1960
76
GOVERNMENT REGULATION
of 3 June 1960
on a one-off State contribution to the reduction of debt arising from the reconstruction and construction of family houses and agricultural holdings in a two-year period
The Government of the Czechoslovak Republic orders pursuant to § 21 of Act No. 106 / 1953 Coll., on housing construction, maintenance and management of residential property and their financing:
Preliminary provisions
The significant achievements achieved in our economy make it possible to reduce, on the 15th anniversary of the liberation of our country by the Soviet army, the one-off state contribution to the debt of loans that the State helped private builders, after the war, to restore war-torn or damaged family houses and farmhouses, and to develop national economies by building new agricultural estates and family houses in a two-year period.
(1) A one-off State contribution is granted for the reduction of debts arising from building loans granted under Act No. 86 / 1946 Coll., on construction renewal, as amended by Act No. 115 / 1947 Coll., under Act No. 41 / 1947 Coll., on State aid for residential buildings, pursuant to § 3 (2) of the Government Decree No. 3 / 1955 Coll., on the modification of housing and restoration aid, and under the special measures of the Government for Slovakia in the years 1954 to 1957. The district national committees shall decide on the granting of a one-off State contribution.
(2) A one-off State contribution shall not be granted for the reduction of debt from loans for the renewal of private rental houses, for which the State contributions to the annual instalments of loans were stopped on 1 January 1954 pursuant to Paragraph 3 (1) of Decree-Law No 3 / 1955 Coll., and for the renewal and construction of large agricultural holdings by privately owned farmers.
Basic provisions
(1) The County National Committees decide to grant a one-off State contribution to the reduction of debts on the basis of applications from debtors before 1 August 1960. The basis for its calculation is the planned debt as at 31 December 1959 according to the amortisation plan.
(2) When deciding on a one-off State contribution to debt reduction, the district national committees shall take into account the property, earnings, social and class ratios of debtors. They are obliged to reject the request for a State contribution to debt reduction for class and for those owners of family homes who are not involved in the building effort of our people. If, at a later stage, the policy conditions of debtors are fundamentally changed, the national committees may adjust the amount of the State contribution further.
(3) A one-off State contribution to debt reduction is generally not granted where a substantial part of the construction costs have been reimbursed by a contribution from municipal loans to municipalities.
(4) The State guarantee for loans for the renewal and construction of family homes and agricultural holdings in a two-year period expires on the date on which the decision on a one-off debt reduction allowance becomes legal, not later than 31 December 1960, even if the debtor has not applied for a one-off State contribution.
(5) For reduced debt, if debtors cannot pay it in cash, the State Savings Bank will grant a new loan of 3% interest due by 2000 at the latest.
(6) The State contribution granted annually to debtors to cover the repayment of the loan and to the home tax pursuant to Article 3 (2) of Decree-Law No 3 / 1955 Coll. shall not be granted for 1960 and shall not be granted for the following years.
One-off State contribution to the reduction of debt from the reconstruction of family houses and agricultural settlements destroyed or damaged by war
(1) Debt from the reconstruction of family houses and agricultural holdings destroyed or damaged by war will in principle be reduced by a one-off state contribution so that their instalments, including depreciation and interest, do not exceed the rent that the debtor directly damaged by the war or members of his family would pay for the use of the renewed building for the period from 1 January 1960 until the debt was amortised if they had hired the building. However, the debt must not fall below 20% of its planned situation on 31 December 1959.
(2) Where a person other than the person referred to in paragraph 1 is the owner of the debtor, the debt may be reduced by up to 30% of the applicant's planned status on 31 December 1959.
(3) In areas and places particularly badly affected by the war, the Regional National Committee may, on the basis of recommendations from the Regional National Committees, in justified cases (in particular the socially weak debtors and debtors who contributed more to the recovery by their own means and work) reduce the debt to 20% of its planned status by 31 December 1959.
One-off state contribution to the reduction of private building debts for family houses and agricultural homes in a two-year period
(1) Debt from the private construction of family houses and agricultural holdings in a two-year period is reduced by a one-off State contribution in principle so that their instalments, including depreciation and interest, do not exceed the rent which the debtor would have paid for the use of the debt facility for the period from 1 January 1960 until the planned amortisation of the debt had it been hired. However, the debt must not fall below 30% of its planned status on 31 December 1959.
(2) In socially justified cases, the debt may be reduced below this threshold, but up to a maximum of 20% of its planned condition at 31 December 1959.
One-off state contribution to the reduction of debt from the construction of family houses of folk housing cooperatives in two years
(1) The debts arising from the cooperative construction of family houses in a two-year period, transferred to the possession of candidates, shall in principle be reduced by a one-off State contribution in such a way that their instalments, including depreciation and interest, do not exceed the rent which the debtor or members of his family would have paid for the use of the whole house for the period from 1 January 1960 until the planned debt has been amortised if they had hired the house. However, the debt must not fall below 30% of its planned status on 31 December 1959.
(2) In exceptional cases, justified by the social circumstances of the acquirer of the family home, the debt may be reduced up to 20% of its actual situation on 31 December 1959.
(3) The District National Committee may, as a condition for granting a one-off State contribution, determine, taking into account the ownership ratios of the acquirer of the family home, the amount paid by the acquirer to the house for the partial payment of the cash debt.
(4) The maturity of the new loan granted pursuant to Paragraph 3 (5) shall be adjusted in such a way that the annual instalments involving the bankruptcy and interest are no more than 50% higher than the rent paid by the acquirer of the family home as a candidate for its use to the folk housing cooperative.
(5) If, within 20 years of the transfer, the family house is disposed of to a transferee other than a member of the family of the first acquirer (candidate), the seller will repay 50% of the difference between the purchase price and the remaining debt from the new loan to the State Savings Bank and pay the remainder of the debt.
(6) People's housing cooperatives will offer to the users of family houses which remain in the possession of such cooperatives, in agreement with the local national committees, an adequate apartment in the rental house and the vacant houses will sell at a normal price in cash to interested members and, failing such candidates, other citizens who will show interest in these houses. The proceeds of the sale of houses will be used to cover debts and the remainder of the proceeds will be reduced by the State contribution granted to the cooperative to cover its deficit. In the event that the normal price of the house is lower than the debt, this State contribution to the outstanding balance of the debt to the house sold shall be increased on the basis of the recommendation of the District National Committee.
Final provision
This Regulation shall enter into force on the day of its publication; to be carried out by the Minister for Finance.
Broad v. r.
Děuriš v. r.
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Regulation Information
| Citation | Government Decree No. 76 / 1960 Coll., on a one-off State contribution to the reduction of debts arising from the reconstruction of family houses and farm houses and their construction in a two-year period |
|---|---|
| Regulation Type | - |
| Author | - |
| Collection | Code of Laws |
| Date of Promulgation | 18.06.1960 |
|---|---|
| Effective from | 18.06.1960 |
| Effective until | - |
| Status | Valid |
The regulation text is for informational purposes only.
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