Parameter Regulation - Pvo-Esm

Original Language Title: Parameterverordnung - PVO-ESM

Read the untranslated law here: https://www.global-regulation.com/law/austria/2997243/parameterverordnung---pvo-esm.html

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324. 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 12a para 4 of the Federal Budget Act (BHG), Federal Law Gazette No. 213/1986, as last amended by Federal Law Gazette I no. 62/2012, is prescribed:

§ 1. The output frame of variable expenditure in terms of the European stability mechanism (§ 1 Z 11 of the regulation of the Minister of Finance on the establishment of the areas where variable spending limits are allowed, Federal Law Gazette II No.)  323/2012) changes to the extent that the payments under the contract are due to set up the European stability mechanism (ESM) or budgeted expenditure during the financial year are not due.

2. (1) this regulation into force on the day after its announcement. At the end of 31 December 2012, it is subject to the proviso that it 2013 apply BHG is still enforcement of § 122 para 3, override.

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