Parameter Regulation-Pvo-Esm

Original Language Title: Parameterverordnung-PVO-ESM

Read the untranslated law here: http://www.ris.bka.gv.at/Dokumente/BgblAuth/BGBLA_2012_II_332/BGBLA_2012_II_332.html

332. Regulation of the Minister of Finance on the setting of the parameter for the variable range of the European stability mechanism (parameter regulation - PVO-ESM)

On the basis of article 12 par. 5 of the Federal Budget Act 2013 (BHG 2013), Federal Law Gazette I no. 139/2009, as last amended by Federal Law Gazette I no. 62/2012 is prescribed:

§ 1. The payout as part of variable payments in terms of the European stability mechanism (§ 1 No. 7 of the regulation of the Minister of Finance on the establishment of the areas where variable payout limits are allowed, Federal Law Gazette II No. 325/2012) varies in the extent in which pay-outs from the Treaty are due to set up the European stability mechanism (ESM) or budgeted payments in the period are not due.

2. (1) this regulation with 1 January 2013 enter into force; It is however for the first time to use in the creation of the Federal Finance frame law for the financial year 2013 to 2016.

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