493/2000 Sb.



LAW



of 12 October. December 2000



on State bond programs to cover deficit of the State budget

The United States in 1999, and to the payment of a debt payable to the principal

in the years 2001 and 2002 and amending Act No. 218/2000 Coll., on the budget

rules and amending certain related laws (budget

rules)



Parliament has passed the following Act of the United States:



PART THE FIRST



STATE BOND PROGRAMS



§ 1



State bond program to cover deficit of the State budget of the Czech

for the year 1999



(1) the purpose of the State bond program is a reimbursement of deficit

the budget of the United States in 1999.



(2) the scope of this Government bond program is $ 29 633 650 000.



(3) all the obligations resulting from this Government bond

the programme shall be paid not later than the expiry of 20 years from the date of acquisition

the effectiveness of this Act.



§ 2



State bond program to cover debt securities due in

the years 2001 and 2002



(1) the purpose of the State bond program is a reimbursement of principal State

debt due in 2001 and 2002.



(2) the scope of the State's bond program is 82 050 000 000 CZK.



(3) all the obligations resulting from this Government bond

the programme shall be paid not later than the end of the 40 years from the date of acquisition

the effectiveness of this Act.



PART TWO



Amendment to the law on budgetary rules and amendments

related acts (budgetary rules)



§ 3



Act No. 218/2000 Coll. on budgetary rules and amendments

related acts (budgetary rules), is amended as follows:



1. In article 33, paragraph 3 is added:



"(3) the accounts referred to in paragraph 2 (a). a) to (d)) is always the Czech national

the Bank. Total sum of netermínovaných funds in such accounts may not

be negative. "



2. In § 33 paragraph 4 is added:



"(4) the accounts referred to in paragraph 2 (a). e) to (h)) may lead the Bank. Balances

These individual accounts may not be negative. Banks are required to follow

the balances of these accounts, and always to 31. December report

The Czech National Bank their balance. In the case of a negative balance on the

These individual accounts, banks are required to immediately disclose this

the fact the Czech National Bank. ".



3. In § 33 paragraph 6 shall be deleted.



Paragraphs 7 to 9 shall be renumbered 6 to 8.



PART THREE



The EFFECTIVENESS of the



§ 4



This Act shall take effect on the date of publication.



Klaus r.



Havel, v. r.



Zeman in r.