Name of law Law for the granting of rescue aid of Holding "Bulgarian State Railways" EAD Named Bill a Bill to grant rescue aid of Holding "Bulgarian State Railways" EAD date of acceptance 13/04/2011 number/year Official Gazette 33/2011 Decree No 80
On the grounds of art. 98, paragraph 4 of the Constitution of the Republic of Bulgaria
I DECLARE:
To be published in the Official Gazette the law for the granting of rescue aid of Holding "Bulgarian State Railways" EAD – adopted by the National Assembly of the HLI 13 April 2011.
Issued in Sofia on 20 April 2011.
The President of the Republic: Georgi Parvanov
Stamped with the State seal.
Minister of Justice: Margarita Popova
LAW
to provide rescue aid of "holding" Bulgarian State Railways "EAD-
Art. 1. (1) the enforcement of measures to rescue the "holding" Bulgarian State Railways "EAD – approved with decision c (2010) 9423 of the European Commission of 15 December 2010, the Bulgarian Development Bank to provide loan to the company on the basis of the target submitted by the central budget repayable funds of up to $140 000 000.
(2) the funds from the central budget under para. 1 provide the Bulgarian Development Bank as guarantee deposits.
(3) the conditions for granting and servicing of the loan and of the resources of the Al. 1 and 2 shall be determined by agreement between the Minister of finance, the Minister of transport, information technology and communications and the Bulgarian Development Bank, approved by the Council of Ministers.
(4) by means of the loan, "holding" Bulgarian State Railways "EAD, – shall make payments in accordance with para. 1. Every payment shall be made after approval by the Minister of finance.
Art. 2. (1) the Minister of finance in accordance with the budgetary balance for 2011 on the convergence programme of the Republic of Bulgaria for 2011-2014 to provide funds up to the amount of the loan granted under art. 1, al. 1 and the accumulated interest, to increase the capital of the "holding" Bulgarian State Railways "EAD – provided that the measure is approved by the European Commission after the notification of the restructuring plan of the company.
(2) the funds from the capital increase to be used by "holding" Bulgarian State Railways "EAD – for repayment of principal and interest on the loan of art. 1, al. 1. Final provisions
§ 1. In the provision of the loan under art. 1 shall not apply the provisions of the public procurement Act.
§ 2. The law shall enter into force on the day of its publication in the Official Gazette.
The law was adopted by 41-Otto National Assembly on 13 April 2011 and is stamped with the official seal of the National Assembly.
President of the National Assembly Tsetska Tsacheva:
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