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Shandong Province A Price Regulation Fund Management Approach

Original Language Title: 山东省价格调节基金管理办法

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Cost Adjustment Fund management approach in the Province of Sustainability

(Summit 12th ordinary meeting of the People's Government of San Suu Kyi, 8 August 2013, considered the adoption of Decree No. 266 of 2 September 2013 by the People's Government Order No. 266 of 2 September 2013, effective 1 November 2013)

Chapter I General

Article I, in order to regulate the management of the price adjustment fund, enhance the Government's capacity to regulate the regulation of prices, maintain the basic stability of market prices, guarantee and improve the lives of people, and develop this approach in line with the laws, regulations, such as the People's Republic of China price law.

Article 2, this approach applies to the mobilization, use and supervision of the Price Adjustment Fund in the territorial administration.

Article III refers to the price adjustment fund referred to in this approach, which refers to the multiple ways in which the Government of the above-mentioned people at the district level raises funds by law to regulate the price, stabilize the market and subsidize the special funds of low-income groups.

Article IV. The management of the Facility should be guided by the principles of coherence, openness and transparency, equity and efficiency.

Article 5 Governments of more people at the district level should strengthen their leadership in the management of the price adjustment fund, establish a sound coordination mechanism to ensure that the management of the price adjustment fund is properly implemented.

The Price Adjustment Fund is governed by sub-sector management. The Government of the last-level people oversees the management of the Fund's Government's price regulation.

Article 6. The Government's financial sector at the district level is responsible for the budgetary arrangements and financial management of the Price Adjustment Fund, and the price authorities are responsible for the specific work of the Price Adjustment Fund to raise, use, manage.

The sectors such as the development of reforms, inspection, auditing, etc. at the district level are governed by the relevant price adjustment funds within their respective responsibilities.

Chapter II

Article 7

(i) Financial allocations. The Government of the more people at the district level arranges the price adjustment fund in the annual financial budget;

(ii) Social mobilization. More than the people at the district level can raise the price adjustment fund to the resources within the present administration, monopoly industry enterprises and the relevant productive actors.

Article 8

(i) Electricals sold by the PPN (non-containing agricultural production and living electricity);

(ii) Purchased oil, fuel;

(iii) crude oil, gas extracted in the province;

(iv) The industries such as communications are unable to return the consumer's advance payments, the depository and the guarantor;

(v) Approval of projects on goods and services for special price policies by the provincial government price authorities;

(vi) Other projects approved by the Provincial Government.

The criteria for raising and paying the items listed in the previous paragraph are determined by the Government of the province and made public.

Article 9. Modalities, projects, standards and payment obligations of the People's Government, which are established in the local people's government and are published to society.

The Government of the lower-level population raises the price adjustment fund for goods and services that are priced by the higher-level people's government price authorities, with the consent of the lower-level government price authorities.

Article 10 Governments of more than communes should gradually increase the proportion of financial funds in the price regulation fund in accordance with local economic, social development and market prices, as well as adjust projects, standards and payment obligations in due course.

Article 11. The price adjustment fund is raised by the Government's price authorities at the district level; according to work needs, the price authorities may entrust other relevant sectors, units to raise. The costs of mobilization are arranged by the same financial sector through the budget.

The price authorities should send the information to the same level of finance in a timely manner.

Article 12

(i) Mobilization in a cost-neutral manner other than commodity or service prices;

(ii) The criteria for the different mobilization of goods and services;

(iii) Recurrent mobilization of the same payer.

Article 13. The paying obligation of the price adjustment fund shall be paid in full and on time.

The payer shall declare the amount to be surrendered to the price authorities, as prescribed, and if the material is actually delivered. The price authorities may authorize their contributions in accordance with the relevant financial information.

Article 14. One of the obligations to be paid by the Price Adjustment Fund may apply for the payment, non-contributory or devoting of the price adjustment fund:

(i) Significant economic losses resulting from major epidemics and sudden public events;

(ii) Significant economic losses due to natural disasters or other force majeure;

(iii) Other circumstances specified by the Government of the people at the district level.

Article 15 shall apply for the payment, non-payment or relief of the payment price adjustment fund, and shall apply to the government price authorities at the district level and, if so, submit the following material:

(i) Removal, non-contributory or deferred applications;

(ii) A copy of the applicant's legal certificate or business licence;

(iii) Financial accounting statements and related production operating data.

The deduction, non-contributory or deferred application shall include the name of the applicant and the grounds, amounts and time for the payment, removal or suspension.

Article 16 states that more than 20 working days from the date of receipt of a request for a reduction, distributing or easing the payment price adjustment fund shall submit a review of the approval by the Government of the people at the post-primary level with the consent of the financial sector. It was approved that the specific amount and duration of contributions, distributing or deducting should be clearly reduced, and that the reasons should be given in writing and communicated to the applicant.

Unauthorized, no deduction shall be made, distributing or devoting the price adjustment fund.

Chapter III Use

Article 17

(i) To grant temporary price subsidies to low-income groups that affect basic life due to significant increases in prices or higher prices by Governments;

(ii) Provide adequate subsidies to producers, operators and operators of basic necessities, in accordance with market price fluctuations and the need for price regulation;

(iii) To grant temporary subsidies to producers, operators and operators who are severely affected by force majeure, such as natural disasters;

(iv) To grant appropriate subsidies to public utility units, such as heating, heating, heating, water supply, and public transport, that result from the implementation of government pricing;

(v) In other cases where the Government of the people at the district level approves the use of controlled prices, stabilized markets and subsidized low-income groups.

The Government's price authorities at more than 18 per cent of the population should develop price-recognition programmes with the financial sector, based on price fluctuations and the real needs of price regulation.

The price regulation fund use programmes should clarify specific levels of use, target use and use.

Article 19 Applications for the use of the price adjustment fund shall apply to the local government price authorities and, if so, submit the following material:

(i) Use of applications;

(ii) The applicant's legal registry certificate, the copy of the business licence or other relevant evidence;

(iii) Specific use of programmes.

The application shall include the name of the applicant, the reasons for use, the amount and the manner in which it is paid.

Article 20 It was approved that specific levels of use, use, etc., should be clearly defined; no approval should be given in writing reasons and communicated to the applicant.

Article 21 Government prices and the financial sector should enhance the tracking of the use of the price-administrative fund and promptly identify and correct violations or inappropriate use.

The user should strictly use the price adjustment fund in accordance with the approval of use and report on its use in a timely manner to the price and the financial sector.

Chapter IV Oversight management

Article 2, paragraph 2, is a Government's non-levant income, with two line managements of income and expenditure, and incorporated in the financial budget and earmarked for funds.

No unit or person shall be permitted to exclude, marginalize and divert the price adjustment fund.

Article 23 raised the price adjustment fund by the Government's price authorities at the district level, using non-levant income tickets and fully collateral through the non-levant income collection management system.

Article 24: The Government's price authorities at the district level should regularly provide statistical, analysis and reporting to the Government of the current people and the Government's price authorities.

Article 25 The Government's audit department should conduct an annual assessment of the mobilization, use and management of the price-administered fund, distributing, distributing and using it in accordance with the law.

Audit and assessment findings should be made available to society in a timely manner.

Any units and individuals in Article 26 have the right to report on violations raised, used and managed by the price regulation fund.

More than the people's Government's prices, finance, inspection, auditing, etc. should be made available to the community for the reporting of telephones, addresses.

Chapter V Legal responsibility

Article 27, in violation of this scheme, provides that the paying obligation of the price adjustment fund is not paid at the prescribed time and amount, and is paid by the Government's price authority for more than 1000 people at the district level; and that payments remain unmet, may be fined by more than 100,000 dollars, in exceptional circumstances, by up to 300,000 yen and by law.

Article 28, in violation of the present approach, provides that the paying obligation of the price adjustment fund is granted by deceasing, distributing or devoting the price adjustment fund, which is brought to the Government of the people at the district level by the authorities of the people's price to withdraw their contributions, distributing or default decisions, and that the period of time has been added; that the overdue payment is less than 300,000 fines; and that constitutes an offence, criminal liability.

Article 29, in violation of this scheme, allows the use of the price regulation fund by the use of unjustifiable means, such as deceasing, to terminate the allocation by the lower-ranking government price authorities and to recover funds already allocated to the same level of finance, to fine up to 1000 dollars and to remove the eligibility of its five-year use of the price adjustment fund; to constitute criminal liability.

In violation of this approach, the use of the price regulation fund is not subject to the prescribed use of the price adjustment fund, which is converted by the authorities of the people at the district level to the time limit; in the event of a serious appropriation and recovery of funds already allocated and the removal of the eligibility of its three-year use of the price adjustment fund; constitutes a crime and is criminalized by law.

Article 31: The Government of the people at the district level and its relevant departments have one of the following acts, which is being redirected by the Government of the people at the highest level, or by the relevant sector, to be disposed of in accordance with the law by the competent and directly responsible personnel directly responsible; and to be criminally criminalized by law:

(i) In violation of the provision for the mobilization of the price adjustment fund;

(ii) Approval of the payment, non-contributory or deflation of the payment price adjustment fund in violation of the provisions;

(iii) Excluding, crowding and diversion of the price regulation fund;

(iv) Other abuses of authority, omissions, provocative fraud.

Annex VI

The specific implementation rules of this approach are developed by the provincial government price authorities with the financial sector.

Article 33 of this approach is implemented effective 1 November 2013.