29/2003 Coll.



DECREE



of 23 December 2003. January 2003 amending Decree No 277/1998 Coll., to

the implementation of Act No. 58/1995 Coll., on insuring and financing export

State support and supplement of Act No. 166/1993 Coll., on the highest

Audit Office, as amended by later regulations, as amended by Act No.

60/1998 Coll., as amended by Decree No. 88/2000 Coll. and Decree No. 355/2001

SB.



The Ministry of Finance shall determine in accordance with § 4 para. 5 and 7 and § 6 para. 9 and 12

Act No. 58/1995 Coll., on insuring and financing export with State

support and supplement of Act No. 166/1993 Coll. on the Supreme Audit

the Office, in the wording of later regulations, as amended by law No 60/1998 Coll.,

Act No. 188/1999 Coll. and Act No. 280/2002 Coll.:



Article. (I)



Decree No 277/1998 Coll., to implement Act No. 58/1995 Coll., on

insurance and funding export with State support and supplement of the law

No 166/1993 Coll. on the Supreme Audit Office, as amended

the regulations, as amended by Act No. 60/1998 Coll., as amended by Decree No. 88/2000

Coll. and Decree No. 355/2001 is amended as follows:



1. In article 3, paragraph 3. 3, after the words "the extent of the insurance claims" the word "and"

be replaced by a comma and the words "of the expected changes in technical provisions

the words "and the projected profit in the ordinary

accounting period and ".



2. In article 3, paragraph 3. 4, after the words "the status of the insurance commitment to date

the request, "the word" and "is replaced by a comma and at the end of the following sentence

"and assuming the economic result of the current financial

period ".



3. footnote # 4):



"4) § 2 (b). s) Act No. 58/1995 Coll., on insuring and financing

export with State support and supplement of Act No. 166/1993 Coll., on the

Supreme Audit Office, as amended by later regulations, as amended by

Act No. 280/2002 Coll. ".



4. in paragraph 4 of the dot at the end of the sentence is replaced by a comma and the following words

"the less the insurance covered passive involvement. 5a)" and

footnote No. 5a):



"5a) § 2 (b). b) of Act No. 363/1999 Coll., on insurance and amending

some related laws (Act on insurance). ".



5. In paragraph 5 (b). a), the words "to their exhaustion" be deleted.



6. In paragraph 5 (b). (b)), after the words "exclusively to cover the loss"

the words "incurred for the current financial period".



7. In paragraph 5 (b). (c)), after the words "exclusively to cover the loss"

the words "incurred for the current financial period".



8. § 6 including the title shall be deleted.



9. section 7, including the title reads as follows:



"section 7 of the



Method of submission of the application for the endowment of the loss, and payment of subsidies (to §

6 (1). 12 of the law)



(1) an application for the granting of subsidies to cover the losses of export

supported by funding from the operation of the Bank (hereinafter the ' subsidy to cover

loss ") from the State budget shall be submitted in the compilation of the State

the budget for the financial year. The application shall be accompanied by an overview of the

the amount of the liabilities arising from contracts of obtaining of financial resources

concluded on the date of submission of the application, the use of financial resources, the repayment

provided the financial resources and the expected need to obtain

financial resources.



(2) Subsidies to cover losses, provides a deposit during the year in

quarterly instalments on the basis of the facts reported in the accounts to

the end of each quarter. Advance enumerations subsidies to offset losses

submitted to the Department of the export Bank of the twentieth day of the month

following the end of the quarter. Subsidy payments to offset losses for

each quarter shall be provided by the 15th day from the submission

advance the quantification of subsidies to offset losses. Advance the quantification of subsidies

to offset losses for the fourth quarter export Bank presents

According to the Ministry, reported the preliminary fact not later than 10.

January of the following year. Export Bank financially settles provided

subsidies to offset losses for the year with the Ministry by

special legislation governing the financial settlement

State budget ".



Article II



This Decree shall take effect on the date of its publication.



Minister:



Mgr. Sobotka in r.