Advanced Search

Law No. 84 Of 28 April 2017Pentru Framework Contract Approval Of Funding Between Romania And The European Investment Bank (Romania Eu Cofinancing For Growing 2014-2020), Signed At Bucharest On 15 July 2016

Original Language Title: LEGE nr. 84 din 28 aprilie 2017pentru aprobarea Contractului-cadru de finanţare dintre România şi Banca Europeană de Investiţii (România UE cofinanţare pentru creştere 2014-2020), semnat la Bucureşti la 15 iulie 2016

Subscribe to a Global-Regulation Premium Membership Today!

Key Benefits:

Subscribe Now for only USD$40 per month.
LEGE no. 84 84 of 28 April 2017 for approval Framework Contract financing between Romania and the European Investment Bank (Romania EU co-financing for growth 2014-2020), signed in Bucharest on 15 July 2016
ISSUER ROMANIAN PARLIAMENT
Published in OFFICIAL MONITOR no. 360 360 of 16 May 2017



The Romanian Parliament adopts this law + Article 1 Approval Framework Contract financing between Romania and the European Investment Bank (Romania EU co-financing for growth 2014-2020), worth 360 million euros, signed in Bucharest on July 15, 2016, hereinafter referred to as the Financing Contract. + Article 2 ((1) In accordance with the provisions of the Financing Contract, the Ministry of Regional Development, Public Administration and European Funds is designated an implementing agency (Promotor). In this capacity it will ensure, among other things, compliance with the provisions of the Financing Contract regarding the implementation of the operational programs and priority axes mentioned in the Financing Contract, the provision of technical information and financial support for the allocation of eligible sub-projects, monitoring and reporting to the Ministry of Public Finance and the European Investment Bank of their physical and financial stage. ((2) The Ministry of Public Finance will conclude with the Ministry of Regional Development, Public Administration and European Funds a subsidiary agreement establishing the rights and obligations of the parties in application of the provisions of the Financing Contract. + Article 3 ((1) The draws within the loan shall be made by the Ministry of Public Finance, according to the provisions of the Financing Contract. ((2) The amounts drawn from the loan are used as the financing needs of the state budget deficit and the refinancing of government public debt, in accordance with the provisions Government Emergency Ordinance no. 64/2007 on public debt, approved with amendments and additions by Law no. 109/2008 , with subsequent amendments and completions. + Article 4 The payment of the public debt service related to the loan, namely the repayment of capital, the payment of interest, commissions and other costs related to the loan, shall be ensured according to the legislation in force on public debt related to reimbursable financing contracted by the Government, through the Ministry of Public Finance, in order to finance the deficit of the state budget and refinance the government public debt + Article 5 ((1) It is authorized the Romanian Government that, through the Ministry of Public Finance, in agreement with the European Investment Bank, to introduce, during the use of the loan in relation to the concrete conditions of implementation of the Financing Contract, amendments to its content, which concern the modification of the technical description, the allocation procedure, the reduction of the loan amount, as well as other changes that are not likely to increase Romania's financial obligations to the Bank European Investment or to determine new economic conditionings from those originally agreed between parties. ((2) Amendments to the Financing Contract agreed with the European Investment Bank, according to par. (1), is approved by Government decision. This law was adopted by the Romanian Parliament, in compliance with the provisions art. 75 and ale art. 76 76 para. (2) of the Romanian Constitution, republished .
CHAMBER OF DEPUTIES PRESIDENT
NICOLAE-LIVIU DRAGNEA
p. SENATE PRESIDENT,
IULIAN-CLAUDIU MANDA
Bucharest, 28 April 2017. No. 84. FRAMEWORK CONTRACT of 15 July 2016