The Law Of Economic Deposits

Original Language Title: Laki kuntien suhdannetalletuksista

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Read the untranslated law here: http://www.finlex.fi/fi/laki/ajantasa/1985/19850434

In accordance with the decision of the Parliament, provides for: 1 The section for scheduling of investment in the business cycle in the event of a tasoittavaksi can take-off and during the making of the State Office for use in a cyclical decline in deposits and maintaining employment during recessions or investments in accordance with this law.

Article 2 of the Council of State of the economic cycle on the deposit will be made at a time. The State Office of economic resources continue to move in the form of deposits accumulated in a special escrow account to the account of the Bank of Finland.
The deposit shall be deemed to have been concluded, the business cycle when it is deposited in the State Treasury's account.

section 3 of article 2 of the decision referred to in the State at the same time, the Council shall decide, when the deposit is withdrawn.
The purpose of the cyclical State of the economic cycle, the Council may authorize municipalities to raise the deposit or a part of them even before the expiry of the time provided for the deposit and the deposit or to extend the period by a maximum of one year.
Notwithstanding the provisions of paragraphs 1 and 2 is to permit, the Ministry of finance may, upon request, information on the economic increasing even before the end of the period of the deposit and the deposit, if the fulfilment of employment or any other special reason requires it.

§ 4 When does or intends to do with the business cycle of the deposit giving rise to the start of the project for the transfer of a State aid, the implementation of the programme or the appropriate authority of the State of the plan already has been approved by, the authority to approve the project. At the end of the deposit share of the cost of the EC Treaty to state aid to be paid or the relevant State aid as required by the rules.

section 5 section 5 (30.12.2002/1300) is repealed by L:lla 30.12.2002/1300.

section 6 of the State to pay the State an annual interest rate of the deposit will be delivered to the Office of the economic cycle, the base rate of the Bank of Finland the amount of minus 2 1/2 percentage points. The interest rate is carried out no deposit to be paid separately for each batch retrieval and it makes. The Bank of Finland will cost the State Treasury of the deposit funds of the economic cycle on a calendar year basis there siirtämille an equivalent interest rate.
The State Council may decide that the business cycle will get credited is paid for a maximum of 6% of the resources of the State. Less than a year, the interest rate on the deposit and the deposit will not be paid unless the additional time based on the Council of State under the first subparagraph of article 3(2) of the decision taken by the deposit period.

section 7 Before section 2 and section 3 of the adoption of the decisions of the Council of State referred to in paragraph 2 shall obtain the opinion of the Management Board of the Bank of Finland, unless the Management Board has not made a proposal. In addition, it is the organisations be given an opportunity to submit views be provided etc.

8 section (3 March 1995/308) if the municipality does not make use of this law and its economic deposits in accordance with the provisions adopted pursuant to, the amount of bound to return is a municipality in the State, which has more interest, as well as the range of the economic resources of the deposit received amount of annual interest tallettamilleen interest rates referred to in subsection 3 of section 4 of the interest rate under the deposit on the date of the withdrawal.

More detailed provisions on the implementation of article 9 of this law shall be adopted, where necessary, regulation.

section 10 of this law shall enter into force on 10 June 1985. THEY 33/83, vvvk., miet. 9/85, svk. Mrs. 31/85 acts entry into force and application in time: the law of 3 March 1995/308: this shall enter into force on 1 May 1995. The range of the number of the period prior to the entry into force of this law shall apply to the interest payable on the date of entry into force of this law. However, this law can be applied, if it leads to the point of going to the end result than the previous law.
THEY'RE 292/94, TaVM 58/94 30.12.2002/1300: this law shall enter into force on 1 January 2003.
THEY are 225/2002, TyVM 10/2002, EV 230/2002