Law No. 9 of 22 November 1972 Law finance ISSUER NATIONAL ASSEMBLY Published in the Official Gazette nr. 136 of 26 November 1972 pursuant to art. 57 from Romania Socialist Republic sign the Constitution and we have to be published in the Official Gazette of the Socialist Republic of Romania, the Finance Law nr. 9 of 22 November 1972.
The PRESIDENT of the COUNCIL of STATE, Nicolae Ceausescu Bucharest, 25 November 1972.
The Socialist Republic of Romania of the multilateral development and sustained pace of the whole national economy based on the schedule established by the Communist Party, require continuous improvement of forms and methods of organization, management and planning of the whole economic mechanism of management of the company. In this framework are required and improve the system of financial relationships, greater influence over the financial and economic pirghiilor economic processes, in order to obtain a high efficient in all areas of activity.
Finances, financial-economic management instruments, financial and banking bodies, must act in a systematic manner in determining the direction of Socialist units, particularly those in the sphere of material production, for use in full and with increased efficiency of the economic potential of their possession, completing tasks and plan on volume, structure and product quality, reducing production expenses, getting superior results to ensure growth in the fast paced national income the brawl for development of national economy, continue to raise the living standards of the people and cultural material.
Finances are called upon to contribute in a measure to the settlement of all economic activities on the criteria of a high rentabilitati, the improvement of economic management. Each unit organized on the principle of Socialist, economic management, has an obligation to repay funds that society has advanced, to secure resources for its own development and to participate in a measure increasingly larger, centralized monetary funds in the formation of the State.
Corresponding to the objectives of economic policy of the Communist Party's novel, the economic-financial management instruments must stimulate growth, increasing export competitiveness of Romanian products, contribute to strengthening the purchasing power of the Leu in relation to foreign currencies, to increase the country's foreign currency resources and to balance the balance of foreign payments.
The development of the national economy, diversification, increasing complexity of economic processes, widening of duties and competence of enterprises, economic efficiency growth requirements, require the provision of an obvious national and General wealth of social and economic activity results, putting the emphasis on the function of control of finances, strengthening control on all rungs of the organizational economics. Governing bodies of each unit, financial bodies, the whole apparatus of control of the economy, we must act with firmness for the rational management of the material and financial means to adopt against any form of waste or deviations from the discipline of contractual and financial plan, contribute to the strengthening of law and order in public minuirea money raspunderilor emphasis in all socialist units.
Starting from the positive experience gained so far, taking into account the objective requirement of further strengthening the role and the functions of finance, training of all financial and banking activities, in order to achieve the objectives of monetary and financial policy, the Communist Party's foreign novel, National Assembly of the Socialist Republic of Romania adopts this law.
Chapter I objectives and basic principles of finance Article 1 In the Socialist Republic of Romania's finances should ensure the establishment and allocation of monetary funds planned society, contribute to the smooth functioning of the economic and social Council, to exercise general control over social reproduction process, chasing a more efficient high economic activity.
Finance must actively participate in the administration of the programme of the Communist Party of social-economic development of the country, building the socialist society developed and multilateral gradual passage from communism.
As far as the money-value tool, paying and saving production and consumption assessment intercede, provide obvious material values, overall national wealth, material and production of newly created value.
Article 2 financial and economic Policy objectives with the use of superior results of monetary and material means at the disposal of the company, getting as high yields with lower costs as well as social work, accelerating the speed of rotation of funds, raising economic efficiency in all fields and, on this basis, increasing national income, systematic.
Through his economic and financial policy must ensure the preservation of the financial balance of the monetary currency, and in the process of economic and social development planning, consolidation and strengthening of the national currency.
Finances must help to establish priorities in economic and social development plan of the country, to determine the best proportions and rates of economic growth, to participate in a rational distribution of the national income, the National Fund for social and economic development, the share of the consumer Fund among members of society, according to the principle of remuneration after the quantity, quality and social and economic importance of the work done in the spirit of equity Socialist.
Article 3 financial and economic Policy is founded on the principle of democratic centralism, which ensures, in accordance with the provisions of the single national plan, focus and management of financial resources in the direction of infaptuirii fundamental objectives of economic and social development of the country, along with functional autonomy of each Socialist units using the liability section of the national wealth which was given towards the administration.
Article 4 Finances should provide funds necessary for enhancing sustainable production materials in the first turn by continuing unabated industrialization and intensive development, with high yields, the agriculture, the growth of production forces and their distribution on the rational territory, promotion of technical progress, development of scientific research, education and culture, raising the living standards of the people's spiritual and material to enable all the objectives, the economic and social development of the country's planned.
Article 5 in each unit must stimulate economic finances production increase and improve its structure, upgrading of products and raising the technical and qualitative performance, introducing advanced technologies, rational organization of technical-material supply, production and sale, reducing the costs of production and circulation-which depends on getting a high efficient.
Article 6 Ones financial exchange should act to increase the export competitiveness of Romanian products, on the market for foreign, getting a high efficient foreign trade activity, increasing resources to the country's foreign trade balance, balance of payments and foreign currency reserves.
Article 7 Finances must determine each economic unit to focus on realizing the benefits as well as higher by using the best available resources, ensure continuous economic management, settlement of all economic activities on the criterion of a rentabilitati more.
Economic units should engage in such activity to ensure that the costs of their production and circulation at the expense of own revenue and get financial results to allow refund within such time limit as short, funds, cash received, on the principle that any amount advanced shall be reimbursed by the company. Each economic unit, on account of the financial results obtained, it is necessary to ensure the establishment of the necessary funds, financing investment and for meeting other needs and to participate in a measure increasingly larger, centralized funds may be created by the State.
Article 8 Corresponding to the General principles of our socialist society, relationships, financial and monetary circulation, must occur programmatically based on a unitary system of financial plans.
Funds placed in the Socialist administration units may only be used in accordance with the provisions of the plan and in compliance with rules and norms laid down according to legal provisions.
No expense, regardless of the support funds, will not be approved and carried out if it was not previously certificated under the law by the head of the financial accounting compartment or other persons concerned with the exercise of preventive supervision from Socialist units, as well as by other bodies with attributions in the economy.
Groups of people working in each unit good housekeeping socialite respond to money and material assets entrusted by society, obtaining higher economic-financial results by increasing production, enhancing labour productivity factor of first order of general progress of the country, the reduction of expenses.
Governing bodies of the units of the funds for the main Socialist entrusted by society of such units and the results of its own activities, incomes necessary refund cash funds advanced by the company, the formation of own funds and the bloodshed amounts to the State budget, as well as a rational management and use of all material resources and money.
Article 10 effective Leadership requires the Organization of economic activity, all the steps of a strict and an apparent systematic and demanding, of all material and monetary assets, economic processes and outputs of each unit.
The control must follow the law, the discipline of contractual and financial plan, to prevent and to eliminate the deficiencies in the administration of funds, contribute to the solution of problems related to good housekeeping, country resources to defending the integrity of the public property.
Chapter II the formation and distribution of the national economy funds Article 11 In the Socialist Republic of Romania, the national income as the new value created in the industry, agriculture, construction and other branches, is the source of the money funds what is economics.
National income is the result of efforts made by the working class, taranime, intellectuality, all men of labor, regardless of nationality, for the permanent shutdown of production, diversification and raising its quality, increase of labour productivity, reduce cost-of-production system and traffic, getting a high efficient in all areas of economic activity.
Article 12 national income are allocated to the national economic and social development of the country and the Fund.
The national economic and social development of the country consists of that portion of the national income meant that Fund, from the depreciation of fixed assets, funds and other resources, as established by legal provisions.
Consumption Fund is formed at the expense of national income and is made up of individual consumption and Fund of social consumption.
Individual consumption Fund is divided between members of the society in the form of wages, the incomes of cooperative members, as well as other forms of direct distribution.
Consumption fund social ensure resources for the functioning of educational establishments of all levels, of culture, of the health and social assistance and other units through which social services and cultural population, Housing Fund for maintenance and network of public roads. Consumer fund social welfare allowances are granted for children, family aid, State aid to support families with children and the protection of minors, scholarships for pupils and students, pensions, indemnities in case of temporary incapacity for work, references to rest and treatment in the Spa, as well as other rights provided by law.
Article 13 National Development Fund economic and social is composed of a unitary system and related monetary funds, which includes: a central Development Fund) economic and social;
(b) local development fund) of social and economic set up the administrative-territorial units: counties, municipalities, cities and municipalities;
c) Development Fund proper social and economic state of economic units: central industrial units treated as such, as well as enterprises;
d) development fund social and economic cooperative organizations and other social organizations;
e) used funds for construction of housing population, household, livestock production and growth, as well as for other goods with similar destinations.
Article 14 the central Fund of economic and social development are formed within the framework of the budget, its revenues to republish.
He is, according to the national plan approved tasks and the State budget, for productive investments, working capital requirement of the economic units, State republican interest, establishment of State reserves, other objectives and actions with economic, development of material base of social-cultural interest and republican State Central, as well as for other purposes provided for by the provisions laid down by law.
Article 15 the local development Fund economic and social spheres, set up the administrative-territorial units are formed within the budgets of municipalities, counties, towns and municipalities, from their revenues.
It is used for productive investments, working capital requirement of economic units of local interest, other objectives and actions with economic, development of material base of social-cultural State of local interest and local State organs, as well as for other purposes provided for by the provisions laid down by law.
Local development fund is composed and resources outside the State budget, from Socialist units, as well as from cash contribution of the population, according to the legal provisions.
Article 16 of the Fund's own economic and social development of the State-owned Economic units are formed, distinct destinations, from benefits, depreciation of fixed funds and other resources, as established by legal provisions.
Corresponding to the duties and tasks of industrial plants and establishments treated as such, most of its economic and social development be set up at their level.
It is used in accordance with the provisions of the plan and in compliance with rules and norms established for productive investments and social-cultural, working capital, as well as for other destinations provided for by provisions laid down by law.
Article 17 Economic Development Fund of cooperative and social organizations of other social organizations shall be formed from its own resources and is used in accordance with the provisions of the plan and under the conditions laid down in the legal provisions and their organizing statutes.
Article 18 money funds that make up the economic and social development the Socialist-run banking institutions shall be kept and used, under their control, for the objectives and actions set out in the plan, with due regard for the rules and norms set, according to legal provisions.
Article 19 establishment of monetary funds of economic entities by the state occurs in the first row, on account of the benefit obtained from the production activity, judicial work, provision of services, trade and other economic activities.
The economic benefit of State-owned units shall be established and shall be approved through financial plans, on the basis of production and sales and the planned level of production and circulation.
The economic benefit of State-owned units are divided according to the law, in order that the own funds of the economic and social development. contribution to the State budget or available to the plant, where applicable, the prize fund, reserve fund of industrial plant or establishment assimilated it, and for other destinations provided for by the provisions laid down by law.
Chapter III general national record of wealth. Article 20 financial system plans Emphasize overall national wealth should provide knowledge of the situation of all assets held by the company, the other component elements of the national wealth, and annual growth of national wealth; to provide data on forms of ownership, by branch of activity and categories of goods for proper justification of the planned economic and social development of the country.
The main aim of article 21 of the General national wealth is the goods in the unit Fund of State property and State debts as well as assets owned by the cooperative organizations and other social organizations.
The overall record of national wealth is achieved in monetary expression.
Article 22 general national record of ensuring wealth based on accounting data and statistics, periodic inventories of goods belonging to the Socialist units, recensamintelor, selective surveys and other research with economic and social character.
Article 23 in order to conduct programmatically to all financial activities to ensure a rigorous order in cash management, mobilization of existing reserves and increasing economic efficiency, all units have the obligation to make Socialist plans.
Financial plans is developed and definitive, on all organizational steps, in close correlation with indicators from other sections of the national plan and based on the analysis of data provided by the system.
In the entire process of elaboration and execution of financial plans, economic units must follow the use of high-efficiency fixed funds and their recovery as well as shorter terms; reducing costs of production and circulation; the rational organization of technical-material supply, production and sale of stocks, sizing a rational, in order to ensure the acceleration of the speed rotation of circulating means in each economic unit, increasing efficiency throughout the economy.
Article 24 financial plans include: System of units ' financial plans) Socialist enterprises, industrial Central and treated as such, socio-cultural units of administration, ministries and other central organs, local State organs, organizations, institutions, cooperative and other organizations;
b) plans and House plans;
c) State budget, in which are included the republican budget and the budgets of administrative-territorial units;
centralized financial plan d).
Article 25 financial Plans are prepared, if necessary, the departmental profile, branch and regional levels. Departmental profile the financial plans include financial indicators on socialist units, in accordance with the organizational structure, and the profile of the branch, financial activity indicators in key sectors of the national economy.
Financial plans in territorial meet financial indicators you economic and social development on the joint, towns, municipalities and counties, regardless of the subordination of Socialist units.
The financial plan shall be subject to the principles and criteria contained in the law on economic and social development plans, as well as the provisions of the present law.
Article 26 of the financial Plans of the Socialist units shall, where applicable, their revenue and expenditure, financial relationships with hierarchically superior bodies or interiors, as well as those concerning the State budget and the banks.
Article 27 Through loans and plans of the House ensure the operative planning of cash circulation and shall be regulated in the course of the monetary funds movement in relations among Socialist units and between these and the population.
Through the plans shall mobilize the resources necessary for the development money available production and circulation of goods, investment objectives, and Socialist units to meet certain needs of the population.
The plans, which include moving cash into the economy, and the task of putting into circulation or to withdraw cash from circulation, must ensure that the necessary cash income correlation between the population and the goods and services, maintaining monetary circulation in cash within the normal range, corresponding to the real needs of the economy.
Plans and House is developed on the basis of proposals from the units and Socialist analysis carried out by the National Bank of the Socialist Republic of Romania and the specialized banks, together with the State Committee of Planning, Ministry of finance, as well as with the ministries and other central organs and executive committees of councils and County folk of Bucharest, in accordance with the provisions of the national plan.
Article 28 the State budget represents the main financial plan of the State, with enforceable. Under the system of operational financial plans, the State budget has a co-ordinating role towards other plans.
Article 29 the financial plan centralized financial balance-home of the synthesis of the economy, given the role of single national plan includes financial resources of socialist economy and their breakdown by sector and area of activity, by sectors of national economy. Through this plan, check balance, correlate the various categories of financial resources in order to effectively use integrals, and the economic potential of the country.
Centralized financial plan is developed in close interdependence with the other balances of single national plan.
Article 30 Monetary Relations in the economy what is reflected in the financial plans is expressed through a system of indicators.
For five-year periods, financial indicators approved by the law on the establishment of the five-year plan, and the annual law on adoption of the State budget.
Article 31 of the Socialist state Units, on the basis of the tasks of the law on the establishment of the five-year plan, from law to adopt the budget and state indicators of the Council of Ministers Javier Solana, their definitive financial plans, approving, where necessary, of committees or councils of the working people of other times bodies collectively.
Article 32 financial Plans are subject to change than in cases where changes occur, the economic plans of prices and tariffs, and crossings between tasks or between holders of subordinated units thereof, and in other justified cases, according to legal provisions. Changes of financial indicators for the plan period expired are forbidden, except in cases specifically authorized by statutory provisions.
Article 33 Duties of the plan may be amended only by the bodies they have approved.
Chapter IV Financing and crediting branches of national economy for pooling current Article 34 circulating Means-part the importance of national wealth is made up of raw materials, fuel, finished products, goods, and other values established by legal provisions, are aimed at ensuring the proper functioning of economic entities, fulfilling production plan and movement of goods.
Article 35 working capital requirements at the State economic units is established by regulatory acts, depending on the specific nature of this sector, on the basis of a plan, the rules of consumption and stock and other items, according to the legal provisions determining standards will take account of the measures intended to be taken to improve material and technical supply, improvement of technological processes production, reduction of costs, accelerating the speed of rotation and other factors that ensure the rational use of material assets and money.
The criteria for drawing up the rules for stock and standardizations overheads shall be determined by the Council of Ministers.
Article 36 the total volume of circulating assets necessary for economic entities for their activity is financed from own resources from the National Fund for social and economic development and of bank loans, under the conditions and by the Ministry of Finance set up and banks, depending on the specifics of the activity of economic branches.
Working capital requirements of the new State economic units ensure the central or local economic and social development, from its own Fund of development of industrial plants or establishments treated as such, where appropriate, as well as bank loans. Until the establishment of the need of working capital, these units can receive advances of resources provided with this destination.
The planned annual increases of circulating assets of State-owned economic units into operation cover from bank loans, which will be reimbursed after the conclusion of the annual balance sheet, from benefits and other resources provided with this destination. Any loans not repaid will be reimbursed at later in the second year after getting their resources provided with this destination.
Article 37 ministries and State-owned economic units are required to organize such supply activity, manufacturing and selling that to ensure effective use of overheads.
Optimum dimensioning of the working capital requirement constitutes an obligation of the ministries and State-owned economic units, as well as financial and banking organs, which must follow the fulfillment of tasks of the plan with a lower volume as well as money funds, accelerating the speed of rotation of the overheads.
Article 38 Cooperative Organizations and units of other economic organizations, institutions, its monetary funds needs cover for production activity, judicial work, provision of services, the goods and OK-acquisitions from its own resources. In addition to its own resources of these organisations, banks may grant short-term loans.
Article 39 in determining the amount of cash funds, financial and banking bodies have a duty to analyse the overall activity of economic units, aiming to be the volume of these funds in close accordance with the tasks of the plan and with the legal norms that regulate the manner of determining the amount of funding, to ensure the efficient use of material and financial means for avoiding the assets of funds and ensure repayment of loans.
Article 40 credit is organized by the State in the form of direct loans, Bank lending money between Socialist units, except in cases provided for by the provisions laid down by law, are forbidden.
The volume of loans shall be established by the plan, in accordance with the objectives and tasks of the plan, and shall be approved by the Council of Ministers.
Lending banks within the limit of the approved credits. Over the volume of lending may be approved only for new tasks or overshoot plan, under provisions laid down by law.
Article 41 short-term Credit shall be granted for the production of goods or execution of works, the supply of services, for circulation of goods to meet the needs of the population, as well as for other destinations as determined by legal provisions.
Through short-term credit, banks have a constant control over the fulfillment of the economic units to plan and tasks of rational resources and money.
Article 42 the short-term Loan is planned, are granted for specific destinations must be guaranteed with material values, with the financial resources provided for in the plan to achieve in future periods, or in other conditions established by the provisions laid down by law, and to be returned on time.
Deadlines for repayment of loans shall be determined according to the planned movement of material values and recovery, according to the plan, the costs of production and circulation, without exceeding 12 months, apart from when the production cycle is longer than one year and situations established by statutory provisions.
Article 43 material values which constitute the guarantee of loans remain in the possession of the debtor, which oblibaţiile in terms of rational use and their proper conservation.
Article 44 the resources credited to the short term is formed from the own funds of banks, constituted according to their statutes, of temporarily available funds of Socialist units of the State budget and of the population, as well as other resources.
Article 45 shall be granted Credits for industrial plants and establishments treated as such, State enterprises and organizations, State and cooperative scientific research institutes and design, as well as other unit organized on the principle of economic management and that they have legal personality.
Also, banks may grant credits and organized on the principle of economic management, but without legal personality are authorized to borrow by the unit to which they belong and which is responsible for the use and repayment of loans on time.
Article 46 banks can grant economic units having temporary financial weight to objective reasons for its temporary loans, with interest, for the period necessary to remove the root causes that gave rise to the respective needs, without exceeding 90 days.
Such credits may be granted for the supply of material and technology related to the fulfilment of the tasks of the plan for developing production for manufacturing and finished products, within the limits and under the conditions laid down by the Finance Ministry and banks ' plants.
Article 47 banks have the right to refuse to grant credits for economic entities where there is disposal of the products which are to be achieved are not created conditions for efficient use of the funds requested and the period of repayment of loans.
Article 48 the surplus stocks of material values, without movement, inadequate quality, those without insurance outlets, as well as those stored in inappropriate conditions and conservation, are not allowed in the loan guarantee.
Banks control how economic units comply with discipline, being obliged to verify the existence and conditions of storage of goods and other values which constitute the guarantee of credits and to take action for repayment or transfer the arrears before maturity, credits used for other purposes, as well as credits without guarantees, following the recovery of such loans and the determination of economic entities to liquidate the causes that they have generated.
Article 49 of the economic Units pay interest to banks and credits received commissions for services were rendered by banks. Outstanding loans for economic units pay interest increased.
Socialist units receive interest for money availabilities contained in their accounts at banks. The level of income, as well as that of the commissions shall be established by law.
Article 50 heads of economic entities have an obligation to ensure the activity of units within EC funds were approved; they must concern themselves with the respective units as to realize products, execute works and provide services of good quality, to take care of ritmicitatea and the collection of their consideration, in order to secure the funds necessary to accomplish the permanent obligations of paying them.
Article 51 where an economic unit and has remained a part of circulating means, of which cause can no longer perform the payments, the Bank may, upon request, be granted by way of exception, a special credit interest increased, provided that the respective unit to take measures that will lead to the recovery of its economic situation, the derivation of circulating means in a period not exceeding 6 months and to have the term guarantee of payback.
Management of industrial plants and establishments treated as such, ministries, other central executive bodies and committees of the popular councils are obliged, during the ongoing negotiations, to take special measures to ensure the Elimination of the causes that gave rise to the planned funds needs to be exceeded.
Article 52 financial situation of economic entities, which are not redreseaza in the period established together with the Bank, shall be examined by a Commission composed of representatives of the ministries concerned, the financing bank, Ministry of finance, Ministry of technical Materials Supply and management and Control of fixed Funds, other central organs, as well as specialists from research institutes and teachers from higher education, and the conclusions and proposals resulting from the analysis will be presented by the Ministry or the central body of the Council of Ministers who will decide on the measures to be taken. Until these measures, payments from the account shall be carried out within the limits of revenue, according to the provisions of art. 137 and 138 of this law.
For co-operative organisations, the Commission will present conclusions of the banks, which together with the central body of the cooperative unit you propose and take or examine measures, where appropriate.
A. Finance and lending industry, construction, transportation, telecommunications and other services provided by Article 53 overheads of the economic entities of the State of the industry, construction, transportation, telecommunications and other units providing services is based on production plan tasks and other activities on the level of production, and on the standards for raw materials inventory materials, fuel, finished goods and other tangibles, established according to legal provisions.
Article 54 on the basis of the plans, banks may grant credits for economic entities of State industrial, construction, transport, telecommunications or providing other services to: (a) the material and technical supply) for our stocks, and for making the necessary expenditures to accomplish the tasks of production, diversify and improve the quality of products, manufacture of products over plan, under provisions laid down by law;
b) Contracting and purchasing of agricultural products and other products;
c) overheads reunion incorporated in products delivered, works performed and services rendered to developing revenue;
d) expenses planned in some quarters that exceed revenues;
e) sales of goods, works and judicial services with payment in instalments;
f) other destinations covered by legal provisions.
Article 55 Credits shall be granted within the limit of the loan approved. Current and outstanding loans cannot exceed the limit of the loan approved.
Banks may grant credits for economic entities, processing agricultural raw materials as they carry out the aprovizionarilor and production expenses, without prior establishment of a boundary, provided that the said products and goods have provided the disposal. Banks regularly check compliance of the flow of loans and the stock set up and planned production expenses. Economic units that do not properly used in the circulating means and will establish credit limits.
Article 56 Regulations overheads of production units, judicial work and services of the cooperative organizations and other social organizations shall be determined in accordance with the tasks of the plan, according to criteria developed by the central bodies, with due regard for the General rules for the financing and lending.
B. Financing and crediting agriculture Article 57 Norm overheads required state farm activity and those for agricultural mechanization is determined annually based on production plan and the planned volume of works and provision of services, taking into account the planned expenditure, the amount of livestock, stocks of raw material planned materials and products and for other needs of the production.
The Bank for agriculture and the food industry may grant credits to agricultural units and those for agricultural mechanization, on the basis of the plan, to cover the needs of production, new actions occurred during the year, productive, who have economic efficiency, expenses relating to disaster and crop reînsămînţarea making some additional works in order to reduce the effects of natural factors, as well as for other destinations provided for by provisions laid down by law.
Article 59 Credits shall be granted up to the level of stocks and production expenditures planned, provided and integral to the completion guarantee revenue to ensure repayment of the term and credit limit framing approved. Current outstanding loans and those that may exceed the approved credit limit.
Article 60 credits will be reimbursed by the State agricultural units at periods of and recovery of plant and animal production, agricultural mechanization, units within specified time limits for payment in the nature of work and money.
Crediting of agricultural cooperative production units Article 61 agricultural cooperatives of production are required to use the full capacity of production, to capitalize on superior material resources and money in order to increase incomes and ensuring funds for normal production activity.
Article 62 the Bank for agriculture and the food-processing industry of agricultural cooperatives may be granted, in addition to its own funds, short-term loans to cover the costs of materials, labour, payment of the contribution to remunerate the pension and social insurance levies to fund development, and for other expenses set out in the production and financial plans.
Article 63 Credits shall be granted on the basis of use of agricultural products concluded with Socialist organisations in proportion of up to 60% of its production, taking into account the contracted volume of incomes realized from the sale of production, to ensure their full repayment at maturity. Loans are granted at the request of agricultural cooperatives, in stages, depending on production needs, the development stage of the crop and selling animals.
Where, in the course of the year, some agricultural cooperatives of production are in need of additional funding, the Bank may grant them loans and over the limit established, material basis and if there are certain possibilities for achieving revenue reimbursement of credits and coverage of other payment obligations.
Where it is found that does not ensure full repayment of credit is established, the Bank reduces its volume in an appropriate manner, so as to have his refund guarantee at maturity.
Article 64 the Bank may grant agricultural production cooperatives are short-term loans and expenses relating to material production the following year and for the supply of materials and materials for industrial production activities, agricultural products processing, construction and services.
Article 65 contracted Production cannot be valued in a different way than the one established in connection with the granting of the loan.
When the agricultural cooperatives of production do not comply with this obligation or change destination contracted production, the Bank has the right to take action for repayment before maturity of loans from any availability of cooperatives, and when such facilities are not sufficient to pass the enforced by harnessing existing products.
Article 66 the Bank may grant short-term loans for those agricultural cooperatives that haven't contracted commodity production, in the case when there is a guarantee that these cooperatives will receive income to ensure repayment of loans on time.
Article 67 the Bank may grant the economic entities of the public organizations, associations and intercooperatiste in addition to its own funds, short-term loans needed to accomplish the tasks of the plan.
Credits are granted on the basis of production plans and financial transactions, depending on the volume of incomes realized from the sale of production, to ensure repayment of their maturity.
Article 68 agricultural cooperatives of production, after the costs of production and other expenses set out in the plan may not provide own funds and from short-term loans payment obstruct-at least at the level of the guaranteed minimum income, the Bank may grant loans for the guaranteed minimum income, in compliance with the conditions provided for by the provisions laid down by law.
Agricultural production cooperatives who, after knowing the results of the annual economic and financial, could not pay from the proceeds of the plan year contribution to pension and social insurance, the Bank may grant loans for the payment of amounts due.
The repayment of these loans is made until the end of the year in which they were granted. Where, due to natural disasters or other causes, objectives may not be repaid in full, the remaining amounts will be set out in the plan of production and finance, and repaid the following year.
Article 69 agricultural cooperatives, associations, intercooperatiste and the social organizations ' business units guarantees short-term credits with tangibles, with revenues set out to achieve and by assignment in favour of the Bank, the monetary rights that they have received.
Agricultural production cooperatives and guarantee short-term loans granted to associations intercooperatiste, proportional to their parties.
Article 70 Reimbursement of loans to cooperative agricultural units is done directly from the proceeds of these products delivered, work performed and services rendered, from the compensation received and of any cash income.
Outstanding loans within associations of intercooperatiste it recovers agricultural production cooperatives, proportional to their parties.
Granting of credits for agricultural production cooperatives members and producers with individual household Article 71 the Bank for agriculture and the food industry may be granted to members of agricultural cooperatives and producers ' production with individual household, which contract with Socialist units delivering agricultural products, short-term loans up to 45% of the production value.
For contracts concluded with the consumer organisations, cooperatives and producers with the Salesian house keeping in the same individual receiving conditions, cash advances through their respective organizations.
Article 72 of Salesian and manufacturers with an individual household production guarantees the loans received by assignment in favour of the Bank, the monetary rights that they have received from Socialist units, as well as the goods which they have held.
Article 73 repayment of loans, granted to cooperators and manufacturers with an individual household, is made of the amounts shall be due for the products delivered to Socialist units, from compensation and other income.
Article 74 guarantees the Socialist Units versus contracting bank credit repayment at maturity of short-term production granted under agreements concluded by them with the Salesian and manufacturers with an individual household. Where, following the checks made by the Bank, it is found that the contracts were concluded without any material basis or as they watched not Socialist units enforcing contracts, the Bank has the right to take action for the recovery of loans from Socialist contracting units.
Article 75 delivery contracts shall be awarded on the basis of which constitutes for the Bank towards enforcement cooperation with producers and individual household, as well as towards Socialist contracting units.
C. Financing and crediting the circulation of goods Article 76 Norm overheads of the economic entities of State material and technical supply and disposal of goods is determined based on the tasks of the plan, the speed of movement of goods and stock levels, according to the object of their activity.
Article 77 Banks may grant State-owned economic units of the material and technical supply and sales of merchandise credits to replenish stockpiles of goods and agricultural products, packaging, purchasing and OK food, planned expenses exceeding revenues in some quarters, sale of goods with payment by installments, and other tangibles.
Banks regularly check compliance of the flow of loans and stocks of goods and other material values established in order to fulfill the tasks of the plan.
Credits may be granted as aprovizionarilor and expenditure has actually been incurred without prior establishment of a credit limit. The State units of the material and technical supply and sales of goods which do not properly used in the circulating means, imobilizindu them in goods without insurance or in outlets, borrowers will be able to be passed on by banks to lending on the basis of a boundary.
Provisions of art. 76 and 77 shall apply to the travel and hotel units, as well as those of technical and material supply and marketing cooperatives organizations craft goods and consumer and other social organizations.
Article 79 Managements of technological and material supply and sales of goods are required to act on a permanent basis for the establishment of stocks of goods within the limits of the planned and in an appropriate structure meeting the demand of the beneficiaries and of the population, to ensure a rational allocation of goods, to prevent the formation of stocks of goods over hard times need saleable, as well as conducting expenditure neeconomicoase.
D. External Trade Financing and pre-financing Article 80 working capital requirements for foreign trade activity in producing units that have loads of export deliveries to those who execute works or provide services abroad, as well as to specialized foreign trade enterprises, is determined based on the export and import duties, as well as those relating to other trade activities , and ensure that from its own resources, from bank loans and other resources, within the limits and under the conditions laid down in the legal provisions.
Article 81 Banks may grant establishments manufacturing economic have loads of export deliveries, as well as those who execute works or provide services abroad, credits for the creation of stocks of goods and expenses related to the execution of contracts or other foreign destinations determined by legal dispositions.
The loans shall be granted from the time of the establishment of stocks or expenditures until total payment value of currencies, without exceeding the time limits provided for by the normal settlement provisions laid down by law or established by the banks.
Article 82 Banks may grant enterprises specialized in trade, external loans for export operations on its own and import operations. Also may grant credits for goods sold on commercial credit abroad, in compliance with legal provisions.
Article 83 Units producing goods for export, the ones that execute works and provide services abroad, as well as specialized foreign trade enterprises must take measures to ensure the fulfilment of the obligations arising out of contracts and payment of cit in a shorter term has currency.
Article 84 Units producing goods for export, the ones that execute works and provide services abroad, as well as specialized foreign trade enterprises may receive credits for organization and participation in international exhibitions and fairs, for the establishment of related stocks, as well as for organizing the activity of service in other countries.
Article 85 in the process of crediting of foreign trade activity. banks check fulfillment in time by economic units of the obligations undertaken by external contracts and watch as these units perform within domestic payments and receipts.
E. Financing and crediting the EDM Article 86 scientific research units are organized in the economic scheme and operates on the basis of research contracts, and as stipulated by provisions laid down by law, may receive funds from the State budget funds needed research units shall be determined in relation to the volume, complexity and number of research themes, as well as to the duration of their execution and ensure from amounts received from beneficiaries on the basis of contracts , from bank loans or other sources as established by legal provisions.
Recipients of scientific research papers may be used as sources of financing for the introduction of new technology fund, funds, investment funds, and budgetary funds or other funds provided for by the provisions laid down by law.
Funds from the budget for the financing of research that shows the importance for economic and social development of the country, as well as for conducting complex research, of a general nature or which form part of the priority programmes.
Article 87 the ministries, other central organs of State executive committees of Councils, industrial plants and treated as such units, as well as the enterprises benefiting from the results of scientific research, are required to be designated as fast conclusions, by introducing the practice of generalizing the results of investigations and concluded with positive results following the implementation period as well as shorter-cycle research-design production.
Chapter V Finance and lending to investment Financing and crediting. investments of the State investment Programme Article 88, which ensure the dynamism and balance the economy, a modern and efficient structure of production materials, the rapid growth of the national income, is financed from the national economic and social development.
Article 89 of the centralized nature of productive Investments of State-owned economic units is financed as follows: a) of central Fund of social and economic development: investments of interest concerning the new building republican enterprises or important actions combined endowment with machinery and means of transport, as well as other targets and actions set annually by the national plan;
b) of local economic development fund and social of counties and Bucharest, municipalities and sectors of Bucharest, the cities and communes: local investments relating to the construction of new units, as well as other targets and actions set annually through plan administrative-territorial units;
c) of their own economic development fund-social establishments: concerning investments, modernization, development, reutilari and renewal capacity, eliminating narrow places, improving processes, objectives of common interest for the industrial components units, and other objectives and action provided for by the plan.
Article 90 centralized social Investments-investments and other centralized cultural industries non-productive sphere, to be financed by the State, as appropriate, of the central economic and social development or local fund economic and social development of administrative-territorial units based on subordination of the beneficiary of the investment or from its own Fund of development, corresponding to the provisions of the plan.
Article 91 investment money intended for carrying out centralized State units are established, where appropriate, the depreciation of fixed funds, own resources, other benefits, as well as budgetary allocations, according to the provisions of the State budget. State Economic Units are required to submit to the specialised banks amounts intended for financing investments, under the conditions and within the time limits laid down in the legal provisions.
Article 92 in order to obtain a maximum effective use of funds intended for investment, beneficiaries, design institutes and construction organizations have the obligation to take all measures as investment targets to be achieved by adopting the latest and cutting-edge technological solutions with low cost in a short time more, to materialize in the first turn, in cars, machinery and high-yielding ensuring that the fostering of material resources of the country, as well as large increases manufacturing outlets provided, benefit, currency and national income at each leu invested.
New investment can be carried out only after it is shown that ensure full use of the existing capacities and spaces.
Article 93 the allocation of funds for new investments can only be made after they have secured the necessary means for putting into operation and in order to achieve the necessary stages corresponding to the works. It will give priority to investments whose production is going to increase exports or to reduce imports.
Article 94 From advising investment, Ministry of finance and central banks, each according to the competences conferred on it, shall have the obligation to check-on the basis of technical and economic documentation to be presented according to the legal provisions by the holders or beneficiaries of the merits of applications for investment-investment funds, their necessity and efficiency, profitability and the legality of their expenses, framing the norms approved.
Article 95 with a view to opening up financing units, industrial plants, treated as such, enterprises and State institutions must submit documents to specialized banks of investment, economic and technical study approved, contract works, the graphs in instalments of the investment and delivery of equipment, related to the time-limits for bringing into operation, and construction permit for investment expenditure from which it elaborates the technical-economic studies is presented and approved in accordance with legal documentation.
For work and during their execution, recipients of investments and currently executing organizations are required to submit, at the request of the banks, the draft estimates in order to check them.
Article 96 Banks finance investments consolidated if the following conditions are met:
the objectives and capabilities), the deadlines for commissioning fall under the provisions of the plan;
b) work is based on the technical and economic documentation drawn up according to the rules and legal norms and legal approvals for use of the land on which the investments in question are placed;
c provided financial resources) are necessary for the execution of works under the provisions of the annual plan;
d) what works and expenditure are set out in documents performs technical-economical admitted to funding.
Banks have the right to refuse financing investments from the jurisdiction of approving the State plan holders and subordinated units, which have not provided conditions for efficient use of funds, and the investment for which legal provisions are not complied with in respect of the implementation of the work, which is checking that the burden.
Check banks under the law on the legality of the tariffs and prices, as well as profitability and expenditure set out in the documentation to pronounce them within 20 days of receipt of the documentation currently executing organizations learned.
Reductions made by the banks, to which no objections have been received within 20 days of their notification, remain definitive. Value estimates and the general budget diminishes with the final cuts.
Differences between banks and the State-owned economic units or bodies under which they learn to solve by the hierarchically superior bodies.
Article 97 is forbidden to contracting and hiring investment expenses before approving or technical-economic indicators, as appropriate, technical and economic documentation of investments, as well as the commencement of works before banking bodies to be pronounced upon the legality of such expenditure, except in cases in which legal provisions provide otherwise.
The contracting and purchasing machinery necessary for technological investments must follow is that they be brought up on the site on a time-correlated with those for the Assembly, not to exceed the performance of the storage sites established according to legal provisions, and to avoid the formation of stocks of equipment available.
Article 98 centralized Investments as it settles their execution, respecting the annual investment plans and financing-credit facility, subject to general legal budget approved; It is forbidden to overcome value approved for the investment documentation.
Article 99 execution of works In the course of their investments and the completion, recipients of investment banks are obliged to justify the spending of funds released. On completion of the works, recipients are obliged to perform their reception and submit, for justification, and the reception.
Where construction-Assembly organizations, providing services and design, as well as recipients of investments for the Director, have received undue amounts, the banks have the right, if within 30 days from ascertaining the cause does not repay the sums in question, to issue for the recovery of these amounts, payment documents which it settles without acceptance of the payer.
After commissioning or commissioning of the investment objectives, the banks will only defray expenses that works under the law and may be carried out after commissioning, recorded in the minutes of the reception, within the limits of the overall budget.
Article 100 in order to achieve centralized investments provided for in the plan, the banks may grant credits for economic entities of the State, in addition to its own funds intended for financing investments or, where appropriate, in the following situations: a) for investment targets and actions from which it can obtain benefits that assure repayment of the loan within 10 years;
(b) there is a difference) when planned by quarters between the realization of investments and the establishment of own resources intended for the financing of investments;
c) where, in the course of the year, it exceeds certain investment objectives and this is justified from the point of view of economic conditions, existind materials secured;
d) where, in the course of the year, the own resources intended for the financing of investments have not been established at the level of the plan.
From bank loans may also be made productive investments whose indicators shall be approved by the Council of Ministers, in the cases and under the conditions laid down in the decision approving the technical-economic indicators.
Article 101 credits for realisation of investments approved by the banks, while complying with the General rules of lending, as well as those relating to clearance, and financing investment works.
Appropriations from article. 100 lit. the banks are granted if the objectives and actions of the respective investment there source supply Brawl feedstock for products that will get contracts or orders with confirmed delivery terms of machines, equipment and installations, which ensure the commissioning of capacity planned within 12 months, except in cases provided for by the provisions laid down by law. Repayment of credits is made of the profits distributed for this purpose, the terms and rates established by the loan agreement concluded between the Bank and the beneficiaries. In the case of nedarii the investment banks at the normal time, and taking into account of the State-the execution of works and actions taken for recovery of late-may grant further credits to completion and commissioning of the investment. To these credits shall be charged interest increased.
In the case of neconstituirii own resources financing the investments planned, intended as referred to in art. 100 lit. d, banks may grant loans with interest increased, provided their refund by the end of the year. The State-owned economic units can use before resorting to bank loans constituted own funds at their disposal for carrying out investment necentralizate.
Credits to neconstituirea of own resources, outstanding, is covered by the funds uncommitted State economic units intended for investment necentralizate, and if they are insufficient, the reimbursement is made from the same funds of hierarchically superior organ; the remaining nerestituita will be reimbursed at the end of next year from the reserve fund or investment funds established according to necentralizate laws. Where the use of such resources and after further credit payments that remain, they may plan to be repaid in the second year from getting their own resources intended for investment financing what constitutes the level of industrial plants and establishments treated as such, Article 102 shall be granted Credits by banks as investment execution, subject to the provisions of the annual investment plans plans, financing-credit and approved general budget, legal.
In cases in which the recipients of loans and credit does not comply with the intended use of the other conditions of the loan or do not repay overdue rates, banks have the right to cease lending to and, respectively, to proceed to the recovery of loans from funds intended for investment necentralizate, or from the reserve funds of economic entities of State until recovery of credits and the payment of the overdue rates, banks charge interest rates increased.
Article 103 Banks may, in the course of carrying out the work of investment loans for equipment requiring Assembly and credits for the supply of materials, as well as other categories of credits under the plan and the State budget, in the cases and under the conditions laid down in their statutes or other legal provisions.
For equipment requiring Assembly, loans are granted up to the normal time of putting into operation. After that time, the loans and those that will be awarded up to commissioning shall be charged interest increased.
For expenses necessary to carry out technological samples, as well as for spare parts and inventory objects to new units and departments, provided for in the technical and economic investment, lending banks before the deadlines agreed with the beneficiaries of the investments, which may not exceed 90 days from the date of the planned entry into the investment. In the case of non-implementation of the planned term operation, during the period of delay, the banks may grant loans with interest increased. Outstanding loans within 90 days from the giving of effective operation from production funds of the recipients.
For materials supplied by recipients of investments, loans are granted up to the time limit set by the loan agreement.
Article 104 Banks charge interest on loans increased for machinery requiring Assembly, during periods that they exceed the norms laid down in the legal provisions of days concerning the storage of machinery on construction sites.
Increased interest rates on loans to be collected and made available for equipment that does not capitalize within 90 days from the date when they arrived in this situation.
Article 105 necentralizate Investment units is financed from State resources provided with this destination, according to legal provisions.
Necentralizate investments are allowed to finance.
-are specified in the respective unit and approved, in accordance with the legal provisions;
-are effective and meet the immediate needs of productive character or social-cultural, as appropriate;
have conditions to be fulfilled under the terms laid down in the regulations and technical and economic documentation is legally approved.
Opening for necentralizate investment financing of economic entities of State is done after the build-up of funds needed at the level of documentation, and to State institutions and to the territorial-administrative units, after allocation or the setting up of funds under the conditions laid down in the legal provisions.
Settlement of investment necentralizate is done by banks, as their execution in the same conditions as for investments.
Necentralizate investment is financed through banks to the units and State institutions, as well as cooperative organizations and institutions, have their account activity.
Investment projects whose estimated value on the object exceeds 100 thousands lei is financed through specialized banks, in which purpose funds shall be transferred to these banks.
Article 106 Banks may grant State-owned economic units and co-operative investment credits for realisation of necentralizate concerning the execution of small mechanization works and other works with productive character, as well as works aimed at improving supply goods and performance of services to the population. These investments must have a high economic efficiency, to help reduce the workload, improve product quality, increase production and labour productivity, reduce costs of production and circulation.
The conditions for granting such loans shall be determined by the Council of Ministers.
Article 107 the volume credits that are granted by banks in order to achieve the annual investment plan middle term loans and long, which is approved with the single national plan and State budget Loans and long term Middle East for investment shall be granted from resources intended for this purpose, special.
Interest and commissions charged by banks what to finance investment and lending are those provided for by the provisions laid down by law.
B. Financing and crediting of investment organizations and other cooperative social organization of cooperative Organizations and Article 108 units of other social organizations shall undertake the necessary investments infaptuirii economic and social objectives set out in the plans of their development funds pledged on behalf of the revenue earned from their work. They have a duty to use reasonable means intended for investments in order to achieve objectives with high efficiency, to ensure the growth of the public property of continuous development of their productive potential, fulfilling obligations toward the State and enhancing retributiei cooperation members.
Article 109 banks can grant cooperative organizations and economic entities of other social organizations, in addition to its own funds, medium-term loans and long for the fulfillment of actions and targets new investment to expand and modernize existing capacities to ensure growth, performance of services, improving the supply and disposal and getting additional income.
Article 110 investment Financing from own funds of cooperative organizations and other social organizations shall be subject to rules issued by the organs of the central social and cooperative, according to the laws of their organization and functioning, with the opinion of the banks in terms of investment and efficiency while respecting the General rules relating to the investment.
Investment crediting organizations craft cooperatives, consumer cooperatives organizations and economic entities of other social organizations shall be made according to the General rules applicable to economic entities of State Crediting agricultural cooperatives. productive investment Article 111 Bank for agriculture and the food-processing industry of agricultural cooperatives may be granted, in addition to its own funds, long-term credits for realisation of actions and objectives of productive investments which ensures growth performance, service and getting additional income.
Agricultural production cooperatives may be granted credits and for shares and investment objectives what is executed through association or cooperation.
Article 112 long-term credits are granted for land reclamation works, plantations of vineyards and fruit trees, building machines, equipment, evaluate and production plants, animals, and other objectives and actions laid down in the legal provisions.
The maximum deadlines for repayment of loans and the rates of participation with own funds of agricultural production cooperatives are established through statutory provisions.
Article 113 the volume of long-term credits are granted to agricultural production cooperatives is set annually by the national plan and the State budget and distribute stock and on counties by agriculture, food industry and, in consultation with the Bank for agriculture and the food industry.
Article 114 long-term credits are granted to agricultural production cooperatives have provided through the plan and make levies to fund development at least in minimum listing provided by statute.
Article 115 long-term credits are granted for investments to be implemented in bondage, and for those in the enterprise.
For works which are executed in directing, is granted long-term loans in order to cover the costs of the investment, with the exception of those relating to labor and construction materials that can be obtained through the capitalization of own resources of agricultural production cooperatives.
Agricultural production cooperatives, which run a high volume of investments into directing, may be granted long-term loans and for labour payment what performs with qualified, committed outside the unit.
In the case of live plants and trees that are executed in pools dedicated to, may be granted long-term loans and for payment of shares of up to 50% of the value of labor planned to start up works and maintenance, until their entry onto the rod.
Article 116 long-term credits approved agricultural cooperatives of production by the Bank, in compliance with the following conditions: a) net revenues provided to it through the commissioning of production credited to ensure repayment of the credits required in the framework of the approved maximum time limits and there is certainty of achieving production and revenues referred to in technical and economic documentation;
(b)) to be provided with own funds participation in the proportions established exploitation and of the means of production, and the economic-financial situation of agricultural production cooperatives to enable repayment of income long term loans maturing in the next periods;
c) to exist conditions for execution and commissioning of the objectives, and expected production to have the disposal of insured;
d) technical and economic documentation to be prepared, approved and approved according to the provisions laid down by law. For credit approval, agricultural production cooperatives shall submit to the Bank a commitment to capitalize by Socialist units contracting agricultural commodity production obtained from the targets, until full repayment of the loan.
In the event that the Bank, after analysis, find that they are not meeting the conditions of the loan and loan guarantee reimbursement does not exist, it will not approve the loan.
Article 117 agricultural production Cooperatives are required to use loans received under the destination set for carrying out the tasks of the plan and respond to the full reimbursement of their maturity.
Article 118 the Bank for agriculture and the food industry may be granted to agricultural production cooperatives, economic units of the intercooperatiste associations and other social organizations. for little mechanization works and other works, nature or aimed at improving business collaboration and provision of services to the population, according to the legal norms established for State units.
Article 119 the Bank for agriculture and the food industry has the right to cease lending or to recover the loans ahead of schedule, where are found in the work of agricultural cooperative units the following deviations: a) change destination of credit granted or deficiencies in the performance of the investments, to be credited to jeopardise the operation of the objectives or achieving economic and technical indicators from loan documentation;
b non-agricultural cooperatives) production with own funds that have been committed in the execution of investment goals credited;
(c) the use of the means of production) for purposes other than those for which they were credited, alienation, improper management of their degradation or their removal from production;
(d) failure to take action) removing deficiencies pointed out by the banking units.
Agricultural cooperatives of production guarantees the loans received with material values, cash means intended to achieve with any other income in money and in kind, and with the assignment of rights in favour of the Bank have received them.
Article 121 the repayment of long-term loans from funds established for investments, and when they do not cover the difference due rates payable from other money of the availability of agricultural cooperatives of production.
C. investment loans granted to Bank Article 122 population Agriculture and food industry may grant loans for investment to develop the production of members of agricultural cooperatives and producers ' production with individual household for procurement of animals for production of planting material, in pursuit of pomiviticole plantations and other agricultural destinations, within the limits and under the conditions laid down in the legal provisions.
The loans shall be granted to farmers who contract with Socialist organisations delivering products and byproducts from the sale, to ensure repayment of the loans in question period.
Article 123 Home savings and loans may be granted to Consemnatiuni the population for the building of houses and personal property, as well as in other cases provided by law.
Loans for the construction of housing ownership is guaranteed through the establishment of mortgage of the property in question.
Loan contracts were worth of authentic documents and is enforceable.
Article 124 Loans are guaranteed by the beneficiaries, for all their worth through the pledge of tangibles, guarantees personal and assignment of receivables.
Until the full repayment of housing loans, personal property and other assets acquired by the population through the use of credits may be alienated only with the prior agreement of the institutions which have granted loans.
Chapter VI Organization and payments between Socialist units Article 125 For organizing and carrying out in good condition of monetary circulation and to exercise control over banking monetary relations in the economy, Socialist units are obliged to preserve the liquidity of the money in accounts at banks and to carry out payment operations and proceeds through these accounts.
Article 126 of the Payments is carried out Socialist units, usually by means of cashless settlements.
Article 127 National Bank of the Socialist Republic of Romania, together with the specialized banks, establishes settlement forms and instruments, fixed limit where payment can be made in cash between Socialist units and develop rules relating to the conditions and time limits for the submission of cash from banks, the extent to which cash can be kept in cash, the Socialist units release cash and payment conditions of the receipts.
Article 128 Socialist Units are obliged to provide economic contracts settlement forms and tools that assure collection in a shorter time as well as the value of the products delivered, the work performed or services rendered and which contribute to strengthening contractual discipline and accelerate settlements.
In order to strengthen the discipline of payments, banks may provide replacement forms and instruments of settlement chosen by Socialist units, with forms and tools that better correspond to economic relations between units.
Article 129 Payments from accounts is carried out by Socialist units consent thereof, except those relating to payment obligations established through enforceable, as well as payments for making legal provisions do not provide for whom consent paying units.
Article 130 documents, regardless of their name, and loan account statements concerning unpaid receivables or receivables that the Bank is entitled to collect them before the term constitute enforceable without fulfilling any other formalities.
Article 131 payments should be made on the date exigibilitatii, the debtor obligations being obliged to perform, and the creditor being obliged to wax.
Socialist units are obliged to pay after handing a client or dispatch of products, performance of works or provision of services, provided that compliance with the provisions of the contract.
The beneficiary is obliged to pay after the acquisition and reception of the products, namely reception of works or services, except in cases provided for by the provisions laid down by law. The same obligation rests with the beneficiary and where, although the contract was made, payment is made at the request of the supplier, though it has not asked for it.
Article 132 deliveries of products, work and service performance, Durban South ... Services on credit between Socialist units are forbidden, except in cases specifically provided for by the provisions laid down by law.
Article 133 National Bank of the Socialist Republic of Romania, together with the specialized banks, establishes time limits for acceptance of payment settlement documents issued by the lender.
Article 134 beneficiary as of the date of acceptance, set inside, to refuse to pay all or part, as appropriate, where: (a) delivery of goods), the execution of works or the provision of services not covered by a contract or other legal basis, provided that they have not used the goods for which payment is requested;
b) the products have not been received before the expiration of the term for acceptance set by the Bank;
c) prices or tariffs on the basis of which it was determined the amount payable are greater than the payment amount times legal was quoted erroneously;
d) are not respected the contractual clauses relating to the quantity, quality, delivery time, as well as other contractual clauses;
e) have not received the documents specified in the contract, without which the products may not be received, used, capitalized or charged to the external;
f) amount claimed is not due.
Article 135 of the economic Units that deliver products, execute works or provide services organizations have the right to claim their clients that repeatedly intirzie the payment and it creates financial difficulties, to provide in advance the necessary payment amounts. In such cases, banks are authorized suppliers at the request of the customer, to look at the possibilities for payment.
If the beneficiaries do not ensure in advance the amounts necessary for payment, suppliers may suspend delivery of goods, works or service performance, Durban South ... Services incunostintind with 30 days before applying this measure and the organ recipient or unit upwards.
Article 136 settlement Instruments issued by the creditor and the debtor has accepted for payment, as well as those issued by the debtor in favour of the creditor, are in settlement and banking relations, enforceable, based on which to make payment operations between Socialist units.
Article 137 Socialist Units are obliged to take measures in order to ensure a permanent balance between payments and receipts.
Payments from the accounts shall be made in Socialist units limited availability of these accounts and loans approved.
After the exhaustion of these funds, payments shall be made within the limits of revenue, in the following order: (a) salaries and payments) other payments assimilated;
b) payments to budget, contributions from benefits the hierarchically superior body, contributions to finance investments and payments of insurance premiums;
c) payments for the supply of goods, works and judicial services;
(d) repayment of bank loans overdue);
e) other payments.
Amounts for payouts in the form of gratificatii will be released only after the other.
Article 138 The agricultural production cooperatives and associations intercooperatiste, in the case of loans approved and burnout, lack of availability, payments shall be made within the limits of revenue, in the following order: the repayment of bank loans overdue);
b) payments to remunerate in labour and money for other rights assimilated;
c) payments to the State budget;
d) payments for deliveries of goods, works and judicial services, contributing to the retirement home and insurance as well as insurance premiums;
e) levies intended economic development fund and other social funds, what constitutes suitable agricultural production cooperatives Statute and the rules of functioning of intercooperatiste associations;
f) other payments.
Article 139 In the same categories set out in the order of payments from art. 137 and 138, payments shall be made in chronological order of terms of payment, and if they have the same term of payment in the order in which they are listed in these texts.
The amounts due are payable by way of enhancement in the same order as the main claim.
Article 140 deliveries of goods, works and service performance, Durban South ... Services for agricultural production cooperatives and associations intercooperatiste should be made only after the units concerned were ensured of payment possibilities of such cooperatives and associations.
Economic units are obliged to organise under conditions as well as better activity regarding sales, invoicing, drafting of documents filing and settlement of their respective units, reception of goods, works or services for the purpose of settlement at the time of the consideration of their speed and acceleration of circulation of money.
In foreign trade, economic units must take all necessary measures for the use of the most appropriate way of settlement and for the inclusion of clauses in the contracts to ensure timely payment of the currency for exports made.
Chapter VII, Article 142 State insurance State Insurance contributes, through specific means to restore property damaged or destroyed as a result of nature's calamities and accidents, and to repair some of the damages that the insured will answer according to the law, the administration of provident measures and savings.
Article 143 shall include State insurance branches of insurance of property, and liability insurance, in the form of insurance by operation of law or voluntary.
Insurance by operation of law, when watching the compensation of those insured, satisfying economic and social interest of the entire colectivitati in defense of the national wealth, maintaining the continuity of the process of production and the protection of victims of accidents and their families.
Optional insurance ends for goods, person, or non-risk insurance by operation of law or in addition to them.
For insurances concluded with commitments in foreign currency, shall be made on receipt of submissions and operations risk and reinsurance premiums.
Article 144 reports of insurance shall be established between the State Insurance Administration, as an insurer, and the Socialist state units, cooperative organizations or other social organizations and individuals, as assured. In Exchange for insurance premiums paid by the insured, the insurance by operation of law or non-binding, the insurer takes over the obligation of awarding damages or sums insured in case of certain events.
Categories of units, supplies and people who ensure the risks, premium rates, sums insured and other rules concerning the insurances shall be determined according to the legal provisions.
Insurance relations with socialist State units are considering covering damages of insured events, the compensation granted to those units helping to maintain continuity throughout the production process.
Ratios insurance cooperative organizations or with other social organizations aim at protecting the assets that belong to them, the compensation to these organizations, contributing to the reunion social property.
In insurance relationships with individuals considering restoring goods, of injury coverage and creation of additional means of provision in connection with events relating to the life and integrity of persons.
Article 145 of the Insurance Fund, the proceeds from sure is used for the payment of damages and other sums insured, for the financing of actions to prevent and combat damage, for the statutory fund, the reserve fund in lei and foreign currency reserve, the premium of the insurance of people for specific expenses and General Administration as well as for other destinations covered by legal provisions.
Chapter VIII Preservation money savings of the population Article 146 State House, through savings and Consemnatiuni of the Socialist Republic of Romania, organizes and stimulate the monetary savings of keeping population.
Operations of the monetary savings of the population can be made and other banking institutions, within the limits of competences laid down in the statutes of their organization and functioning.
Article 147 the population Deposits at savings and Consemnatiuni and other banking institutions are guaranteed by the State, and the right holder upon detinerilor is protected by law.
Deposits of population are not subject to prescription, shall be refunded upon request of the holders of deposits or their legal representatives, and in case of death of the holder's heirs.
The deposits of the population be granted interest laid down in the legal provisions.
Article 148 shall ensure the State deposits.
Workers of the savings and Consemnatiuni, do you have units that make operations for home savings and Consemnatiuni and other banking institutions are obliged by law to keep secret the names of supplied and holders of deposits, amounts and any other data saved in connection with operations performed on their behalf.
Data on deposits and operations carried out are given upon request, but their holders and their representatives, and in criminal cases, criminal prosecution authorities and the courts, only after putting in motion the criminal action against holders of deposits.
No other body has no right to such information.
Breaking the provisions regarding the secrecy of operations constitute the disclosure of some intelligence concerning the social interests, provided for and punished. 251 of the penal code.
Article 149 of the Romanian Citizens who are foreign means of payment are obliged to submit them to the National Bank of the Socialist Republic of Romania, the Romanian Foreign Trade Bank or to its authorised units, as provided by law.
Amounts in foreign currency of which may, according to the law, dobinditorii of foreign means of payment on the territory of the country shall be kept in the personal accounts at the National Bank of the Socialist Republic of Romania or Romanian Bank for foreign trade.
Chapter IX, Article 150 State budget State budget contributing to his party's policy of rapid development and balanced national economy, the continual lifting the living standards of the population.
The State budget includes income of the centralized State and their breakdown in accordance with the objectives of the national plan for the development of a unique national economic, social and cultural actions, the country's defense and other needs of the society.
Article 151 the State budget shall be drawn up annually. Budgetary exercise shall begin on 1 January and ends on 31 December.
In drafting the State budget ensure a balance between revenue and expenditure.
Article 152 of the State budget Revenues are made up of: a) income from State Socialist units;
b other revenue and income) related to the State social insurance budget;
c) taxes and fees paid by the cooperative organizations and units of other institutions, economic organizations;
e) taxes and duties from the population;
f) other income.
Socialist production relations appropriately built into our country and permanent growth of production forces, State budget revenues come mostly from socialist economy.
Evaluations of income submitted to the State budget represents the minimum tasks to accomplish.
Article 153 of the Socialist state Units are obliged to pay to the budget, if necessary, some of the benefits realized, the tax on circulation of goods or other taxes and duties imposed by provisions laid down by law.
Article 154 of the Socialist state Units, and other categories of payers due, according to legal provisions, social insurance contributions.
Article 155 of cooperative Organizations and units of other institutions, economic organizations are obliged to pay to the State budget, taxes and fees corresponding to the revenue which they accomplished, they hold assets or other criteria stipulated by the law.
Article 156 the population participate in the formation of the State budget revenues through taxes and fees provided for by law.
System of taxes and fees ensure differential participation of population in the formation of State revenues, depending on the nature and level of income, size of property, the ability of buyers contributiva, aiming at promoting the Socialist principle of equity within the population incomes.
Article 157 any amount which should make the State budget income, if legal provisions do not provide otherwise. In the case of fixed-term to arts.33 amounts to be discharged from the State budget by Socialist units, financial and banking bodies have the right to dispose of their transfer to the budget of the accounts to the respective units.
State budget collection of amounts due and unpaid to the term by individuals and legal entities, other than those of the preceding paragraph shall be made by applying enforcement measures provided by law.
Failure to observe the time limits of article 158 of the payment of the amounts due to the State budget calculation and payment obligation shall entail delay increases.
The Council of Ministers shall establish the amount of the increase in cases when it is not provided for in the regulatory acts that are due to the amounts involved.
Increase for delay shall not exceed due to flow, if the law does not stipulate otherwise.
Article 159 of the State budget Expenditure shall be made in accordance with the objectives of the national plan.
The budget of the State expenditures for:
financing of national economy) composed of: objectives and actions are financed out of funds for social and economic development, namely the productive investments, working capital requirement of the economic units, State reserves, development of material base of cultural and social establishments for other purposes provided for by the provisions laid down by law; other objectives or economic actions;
b) socio-cultural measures;
(c) pensions and) other actions from the State social insurance budget;
d) defense of the country;
e) functioning of the organs of State power, bodies of State administration, judicial organs and those of the Prosecutor;
f) other actions and tasks provided for by the provisions laid down by law.
Article 160 no expense may not be entered in the State budget or done it if there are no legal provisions for such expenses.
Article 161 Amounts approved through the State budget, within which expenditures may be made of budgetary appropriations, represents, which may not be exceeded.
Socialist state units respond to use of funds received from the State budget, spending most of their economic and social utility, the observance of discipline and financial plan.
Article 162 revenue and expenditure shall be entered in the State budget in the order established by the classification of the budget.
Article 163 the establishment and use of funds belonging to the State outside the budget can only be made under the conditions laid down in the legal provisions.
Article 164 of the national budget is composed of the republican budget and local budgets.
A. content of the republican budget Article 165 republican Budget focus budget Fund main part and is administered by the central State organs. Under budget and the republican budget is part of the great National Assembly.
The republican budget also includes the budget of State social insurance.
Article 166 of the republican budget Revenues are made up of resources from the State to Socialist republican interest, and taxes from the population and other income resources determined by law as of this budget.
The republican budget drains and additions of income of the centralized budgets of counties, respectively, of the municipality of Bucharest, which own revenue exceeding expenditures planned in the amount established by law for the adoption of the State budget.
Article 167 republican budget ensure the necessary financial resources for the goals and actions are financed from the central Fund for economic and social development, other objectives and actions for the economic, social and cultural actions to be implemented by the Socialist state units of the republican interest, for the costs of maintenance and operation of the central organs of State power, bodies of State administration judicial organs and those of the Prosecutor's Office for the defense of the country and to other destinations under provisions laid down by law.
Article 168 of the revenues of the republican budget can assign quotas broken down by counties that centralized budgets cannot cover in full the expenses planned their own income. If neither this way does not ensure the necessary income, the difference up to the level of expenditures planned cover from republican budget.
The quotas broken down, as well as what is granted subsidies from the republican budget to supplement the incomes of local budgets, shall provide to each County, in part by adopting the law on the State budget.
Article 169 In the republican budget and reserve fund at the disposal of the Council of Ministers, which is used to supplement, where justified, of loans approved under the national budget for the purpose of financing, in accordance with the legal provisions, to new tasks or actions occurring during the year.
B. contents of local budgets Article 170 local budgets are budgets of administrative-territorial units.
Every township, city, municipality, district of the municipality of Bucharest, counties and Bucharest has its own budget, which is adopted by the people's Council of the respective administrative-territorial unit, under the present law.
Article 171 Revenue budgets of communes, towns, municipalities, counties, sectors of Bucharest and Bucharest are composed of resources coming from the Socialist state units of local interest, taxes and fees paid by the cooperative organizations and units of other institutions, organizations, taxes from the population, local taxes and other revenue determined by law as resources of these budgets.
Local organs of State power and bodies of local State administration must take action to develop the economic activity of the local units in order to increase its revenue base to ensure, in this way, balancing local budgets.
Article 172 From the budgets of communes, towns, municipalities, counties, sectors of Bucharest and Bucharest is financed, in accordance with the provisions of the action plan, targets and economic, social and cultural actions, expenses for maintenance and operation of the local organs of State power, bodies of local State administration and other objectives laid down in the legal provisions.
Article 173 income Allocation and expenditure categories of local budgets is made by executive committees of councils and County folk of Bucharest, on the basis of legal norms and the powers of local bodies and of the subordination of the unit.
Article 174 situations in which expenditure in the budgets of some municipalities, sectors of Bucharest, cities or municipalities may not be covered entirely from their own revenues to balance the respective local budgets can assign quotas broken down from the republican budget revenues collected on the territory of the administrative territorial unit in the case of budget subsidies, or territorial-administrative unit hierarchically superior.
Shares of the revenues of the republican budget with a breakdown of which leave available to municipalities, the sectors of Bucharest, cities or municipalities shall be determined by the County and the popular councils of Bucharest, up to amounts approved counties and Bucharest under law to adopt the budget.
In the case of municipalities, the sectors of Bucharest, the towns or communes whose own revenues exceed expenses, corresponding differences poured over the budget of the administrative territorial unit hierarchical superior.
Article 175 Counties, Bucharest, as well as cities and towns which have in their component and other prepared and centralized budgets. In these centralized budgets included both the budget of the administrative territorial unit in question, and the budgets of communes, towns, municipalities and sectors of Bucharest, hierarchically inferior, as appropriate.
Article 176 of The counties ' budgets and Bucharest join reserve funds at the disposal of the executive committees of their respective Councils, popular for use under this law to supplement the budgetary credits approved by local budgets, with a view to financing new tasks or actions occurring during the year.
Where, in the course of the year, the budget reserve funds become insufficient to finance new actions or tasks, and executive committees of Councils to ascertain availability of some popular credits, which are no longer required until the end of the year for the fulfillment of the tasks planned budgetary reserve funds may be increased by these facilities up to a maximum of 50 per cent of the amount initially approved by the budget.
Cannot be used with this destination budget appropriations for expenses arising from: wages and contributions for social insurance funds for investments and capital repairs, centralized expenditures which, through legal provisions, establishes special funding sources, expenditures for whose coverage has additional reserve fund at the disposal of the Council of Ministers, as well as the availability of budgetary appropriations which According to this law, shall be transferred to the reserve fund at the disposal of the Council of Ministers.
C. Elaboration, adoption and execution of the State budget; conclusion exercise budgetary Article 177 Draft State budget is elaborated on the basis of the projects financial plans of ministries and other central organs of State and local budget projects.
The collective organs of the ministries and other central organs ensure preparation of draft financial plans based on financial plans projects of subordinated units and draft financial plan for your own business.
Executive committees of Councils popular local budgets, projects being developed on the basis of the financial plans of projects directly subordinate units, as well as project budgets of administrative-territorial units.
Ministries and other central organs of State transmitted to the Ministry of finance drafts of their financial plans, which comprise financial indicators, both the activity as a whole, and on the central industrial and treated as such. Executive committees of councils and County folk Bucharest transmitted to the Ministry of finance drafts the centralized budgets of administrative-territorial units and projects financial plans on the branch of activity of the local economy and directly subordinate units of the executive committees of Councils.
Article 179 Finance Ministry proposals for improving financial indicators presented by ministries, other central organs of State executive committees of councils and County folk of Bucharest, together with their representatives, taking into account their own analyses and calculations relating to the level of revenue and expenditure of the State budget, the conclusions drawn from the checks carried out the work of socialist State units.
Article 180 in order to debate the draft budget, the Council of Ministers shall examine the papers presented by the Minister of finance, bringing improvements to our financial ratios and soluţionînd any divergent between the Finance Ministry and plan holders with regard to the figures proposed in the budget to be submitted.
The draft of the State budget, prepared by the Council of Ministers, after his examination by the Council of economic and Social Development, it shows the great National Assembly for adoption.
Article 181 National Assembly adopting the State budget law which includes: income and expenditure of the State budget, with the breakdown of the republican budget and local budgets, and within the latter, on each county and Bucharest, as well as the volume of the main categories of revenues and expenses.
Article 182 after adoption of the law on State budget, the Council of Ministers carries out financial indicators on ministries and other central organs of State executive committees of Councils on the popular County and Bucharest city and establishes the measures to be taken in order to fulfill in good condition of the State budget.
Article 183 counties and budgets of Projects Bucharest, improved on the basis of the annual budget law and state indicators approved by the Council of Ministers, shall be presented by the executive committees to adopt the popular councils.
Popular County Councils and Bucharest city adopt centralized budget of administrative-territorial units concerned with the distribution of income and expenditure on the budgets of administrative-territorial units, budget of its own components, as well as balancing resources on administrative-territorial units or components amounts to be collected from budgets of administrative-territorial, hierarchically inferior.
Popular councils of communes, towns, municipalities and sectors of Bucharest, within the limits set by the hierarchically superior popular councils, local budgets concerned.
Article 184 the revenue and expenditure shown in the budget shall be divided by quarters, according to plan tasks carried out by the Council of Ministers and by the due time of the revenue and payment.
Allocation of quarters of revenue and expenditure shall be approved by the Ministry of Finance: (a)), the republican budget proposal, the ministries and other central organs of State.
In addition, the Ministry of finance approves the allocation of quarters to take-in of income flowing into the republican budget to the budgets of the municipality of Bucharest, which own revenue exceeding expenditures planned and what subsidies granted from the republican budget local budgets.
b) executive committees of Councils, for the budgets of the respective administrative-territorial units, as well as for the subsidies provided to be awarded or what amounts are retrieved from the local budgets of administrative-territorial units hierarchically inferior;
c) authorising officers by parent loans, financial plans for subordinate units.
Article 185 allocation of quarters of revenue and expenditure of the State budget may be amended when changes occur in the rescheduling plan tasks, change due time of the revenue or payment, and in other justified cases, according to legal provisions.
Article 186 budgetary appropriations approved under republican budget can only be used after opening credits or the supply of funds by the Finance Ministry, while those registered in local budgets, on account of the limited availability of the respective authorising officers.
Grant funds from the budget shall be at the limit of the amounts and according to the approved destination, in relation to the degree of use of resources made available and in compliance with the legal provisions governing the carrying out of the respective expenses.
Article 187 is prohibited direct payments from revenues for the budget, unless legal provisions provide otherwise.
Any expense of the amounts received from the State budget can be approved by the officer and conduct only if it was previously approved under the law by the head of the financial accounting compartment or other persons concerned with the exercise of preventive supervision from Socialist units, as well as by other bodies with attributions in the economy.
Article 188 of the instructing principal credits you republican budget and Ministers and leaders of the other t-organ central State. main credits you Instructing local budgets are the Presidents of the executive committees of Councils.
Leaders of the Socialist state units with legal personality financed from the republican budget or local are, where appropriate, otherwisely or tertiari.
Main article 189 Shall credit may approve the making of expenditure only in compliance with legal provisions and the extent of their financial plans of the institutions they run and have the right to object, in relation to the tasks of the plan and with the use of sums already granted, credits budgetary units hierarchically inferior.
Authorising officers shall have the right to use secondary, according to destination and in compliance with legal norms, budget appropriations approved for their units and to allocate budgetary loans subordinated units whose leaders are instructing tertiari.
Tertiari authorizing use budget appropriations with which they have been assigned only for the needs of their units, according to the financial plans approved and under the conditions laid down in the legal provisions.
Main article 190 Shall credits may delegate the right to approve the use of budgetary allocations and the distribution of their inlocuitorilor and heads of divisions, heads of local bodies of State administration or other similar units as appropriate.
Article 191 Ministers, heads of other central organs of State executive committees, Chairmen of the popular councils, as well as leaders of the subordinate State, respond with efficiency to use amounts received from the budget of the integrity of the goods entrusted to the unit I lead, keeping an up-to-date accounting and reporting accounting over budgetary execution.
Article 192 during the execution of the State budget, the Ministers and heads of other central organs of State executive committees and Presidents of the county councils ' popular and Bucharest, the proposals do when drawing up legislative acts whose scope attracts decreasing or increasing revenue expenditure targets set in the State budget, including revenue and means a compensation or cover the sport.
Article 193 In spending plans of ministries and other central State organs, local budgets and spending plans of their subordinate units, can be virari, since the second quarter of each year, in compliance with the following conditions.
a) be close before hiring costs;
b) used to be no availability of budgetary appropriations for salaries and social security contributions, investments and capital repairs, centralized from amounts made available from the budget reserve funds and other funds whose destination was established by legal provisions;
c) not to increase budgetary appropriations approved for the maintenance and operation of State bodies;
d) does not increase the amounts entered in the budget for completion of own resources of State institutions, except in circumstances in which, on the basis of statutory approvals, it supplemented the salary fund thereof.
Article 194 Virarile receivable shall be approved by the budgetary: a) the Ministry of finance, where transitions occur units, actions or tasks from one plan to another holder, as well as in situations in which credit is performed virarile from one chapter to another of clasificaţiei;
(b) the Ministers and leaders of the other) organs of the central State, the budgetary credits for virarile from one chapter to another within the same chapter, as well as from one article to another within the same subheading of the clasificaţiei;
c) executive committees of Councils of counties, municipalities of Bucharest, Bucharest sectors, towns and communes, the budgetary credits for virarile from a chapter of expenditure to another within the same chapter of the clasificaţiei;
(d) executive committees) Presidents, councils for virarile from one article to another within the same subheading of the budgetary clasificaţiei.
Article 195 where it increased, according to legal provisions, salary Fund planned, can supplement the payroll and budget appropriations, including for social insurance contribution, through virari from other categories of expenditure, except for those intended for the financing of investments.
When centralized investment plan shall be increased according to the legal provisions, they can supplement and budgetary appropriations to this destination, through virari from any other category of expenses except for wages and social insurance contribution.
Article 196 remaining unused budgetary appropriations at the end of quarters I, II and III shall be blocked, except for destinations and local Fund Fund of territorial-administrative units of the economic and social development or for other targets and economic actions.
The Ministry of finance for the republican budget funded units, and executive committees of Councils, for units financed from local budgets, may approve the use of the following quarter to budgetary allocations at the end of quarters blocked I, II and III, at the request of the parent then sending credits you republican budget, authorising officers you local budgets.
The availability of budgetary appropriations for wages, established according to laws, pass the budget reserve fund at the disposal of the Council of Ministers. In the same way proceed with: availability blocked from budgetary appropriations for which has not been requested or has not been received within 45 days of the close of the quarter, the approval for use in the next period; availability arising during the year as a result of remarks delivered by the learning objectives or tasks plan that formed the basis for approval of budgetary funds.
Article 197 of the budget reserve Funds at the disposal of the executive committees of councils and County folk of Bucharest established under art. 176, may be used for new actions or tasks of the kind covered by the local development fund economic and social times in other parts of the budget, in the proportions set forth for them by annual budgets.
In justified cases, financed from the budget reserve fund at the disposal of the executive committees of councils and County folk of Bucharest, unfinished until year's end and will be covered in next year's budget reserve fund account.
The commitment of these funds can be done starting with the second quarter, after the conclusion of the g/l account on divakaran 1Q, if on the date your employment has been wholly own revenue in that period's planned County or on Bucharest, where appropriate, and if the necessary conditions are secured as such income to be made and on the full-year. To cover the costs relating to the recovery of the works destroyed or degraded as a consequence of some natural disasters produced in the first quarter of the year, as well as for further works referred to in paragraph 2, the executive committees of councils and County folk of Bucharest can hire the budgetary reserve funds even in that quarter.
It is prohibited the hiring of expenditure by executive committees of Councils of reserve funds approved in budget local budgets for construction-Assembly works executed poorly, increase subsidies for losses, as well as to supplement the costs of maintenance and operation of the local organs of State administration, with the exception of urgent nature capital repairs to buildings used for administrative tasks, and the work of joints and other installations.
In case of failure of the County's total own revenue planned budgetary reserve fund that can be used will be reduced by the equivalent of revenue unrealized budgetary reserve at the time of hiring.
Article 198 to cover temporary gaps occurring during the year between expenditure and revenue budgets of communes, towns, municipalities and sectors of Bucharest, the executive committees of Councils of administrative-territorial units hierarchically superior can lend from the available resources of their budgets. Right to approve such loans may be delegated by the executive committees of Councils authorizing credit popular parent or their inlocuitorilor.
Where differences occur in the respective budgets of counties and Bucharest, temporary coverage of them can be done through the granting of loans from the available resources of the republican budget by the Finance Ministry, at the request of the executive committees of the justified demand of the Councils.
Article 199 of the popular councils executive committees may use proceeds from its own revenues of local budgets over the planned, but starting from the third quarter of the year, to cover economic costs and administration of certain socio-cultural actions, appropriate amendments introduces local budgets in the following conditions:-receipts to be overcome on all revenue in local budgets planned own respectively and are expected to remain until the end of the year;
-revenue advantages arise from the activity plan year and not be the result of changes in legislation or certain bodies established by subevaluari the Ministry of finance or other bodies with attributions of control.
Changes in local budgets according to the provisions of this article shall be subject to ratification, the Councils first session.
Article 200 executive committees of Councils can overrule the popular executive committees of Councils hierarchically inferior, by folk who have been approved, without complying with legal rules, additional plans for revenue and expenditure, virari, quarterly allocations changes or other changes in spending plans or in local budgets.
Article 201 remaining unused budgetary appropriations to budgetary exercise runs cancelled by operation of law.
Any amount due but unpaid from the budget, as well as any outstanding amount due but the budget until 31 December, shall be paid, shall be charged to the account on next year's budget.
In exceptional cases, the Council of Ministers may approve expenditures, have been carried out after the conclusion of the budget year, the budget of the year expired, operations but unsettled until year's end.
Article 202 of the republican budget Surplus is used for cultural and socio-economic or other actions, under the conditions established by law, or as a resource for lending to the domestic economy.
Annual balances of local budgets provide in those budgets as revenues per year.
Any differences resulting in more or less after the conclusion of the fiscal year, compared to balances provided for in the local budgets, shall regulate the budget, with the exceptions provided for by the provisions laid down by law.
On the basis of article 203 reporting accounting presented by ministries, other central organs of State executive committees of councils and County folk of Bucharest, and the scrutiny and analysing them, the Ministry of finance concerning the works of the general account determines the end of the fiscal year budget, which the Council of Ministers.
Article 204 the Council of Ministers analyses the works submitted by the Ministry of Finance and draw up the account of the end of the fiscal year budget, which it presents, after examination by the Council of economic and Social Development, for adoption of the great National Assembly square.
Article 205 National Assembly adopt a general account of the end of the exercise, the latest by the end of the year following the year to which they relate.
Similarly, the popular councils approve the General accounts of the end of the exercise, local budgets prepared by the respective executive committees.
Chapter X Tasks and responsibilities in the development and execution of the State budget and other financial plans Article 206 Council of Ministers, the supreme organ of the State administration, general control over the work of the executive in the field of finance, responsible for the drafting of the State budget, as well as its achievements after its adoption by the National Assembly.
in the exercise of its duties, the Council of Ministers shall examine periodically the financial situation in the economy and the branches or sectors of activity, the implementation of the State budget and other financial plans, establishing measures for maintaining financial equilibrium, monetary and exchange rate, for the strengthening of the role of finance and credit in the economy, approving loans and plans.
Article 207 the Ministry of finance and the State party's policy conducted in the field of finance and acting to ensure financial equilibrium, monetary and foreign exchange of the country.
In the center of the Ministry of finance must stand for increasing the concern of efficiency in the national economy. He must organize and exercise rigorous control to determine the rational use of funds in each unit socialite, to prevent unlawful spending and neeconomicoasa funds.
Article 208 the Finance Ministry has the following attributions, follow-up of the fulfilment of their works: a) to the development of the project draws up the State budget; tracks and controls the execution of the budget of the State; directs and controls the preparation and execution of the financial plans of the Socialist units; or, where appropriate, propose measures for the Elimination of irregularities and strengthen financial discipline and plan;
b) elaborates, in collaboration with the State Committee of Planning, centralized financial plan; participate in the preparation of forecasts and five-year and annual plans of economic and social development of the country;
c) collaborates with the central bodies in the preparation of synthesis and execution tracking the balance of revenue and expenditure of the population, the monetary balance of foreign payments and other plans, as well as loans and plans;
d) exercise, according to the law, on behalf of the State and to defend its interests, control over financial and economic activity of the ministries, other central organs of State executive committees, the banking institutions of the popular councils, industrial plants and establishments treated as such, enterprises, and other socialist establishments;
e) analyzes and approves, together with the State Committee of Planning and financing bank, technical-economic indicators for investments, according to the legal provisions, the competencies of the Council of Ministers;
f) organizes, directs and controls the establishment and collection of revenues owed by Socialist units; directs and controls the method of calculating income tax collection, identification and taxes from the population;
g) draws up accounting over of dahod execution of the State budget and elaborates the general account works concerning the drawing up of the budget discharge exercise;
h) elaborates on the basis and for the enforcement of laws, guidelines concerning financial planning, execution of the State budget, the establishment and collection of revenues, accounts of the State institutions and economic entities, financial control; establishes budgetary clasificatia of revenue and expenditure;
I) acts for improvement of financial planning, to promote modern methods of calculation and analysis for improving efficient labour accounts;
j) participate in negotiations in the foreign financial and currency problems, finance, and economic cooperation as well as international organisations with financial character;
k) represents the State as the subject of rights and obligations in arbitration, judicial bodies, as well as in any other situations in which it participates directly in its own name to legal ratios, in the cases in which the law establishes, for this purpose, other organ;
It meets the other tasks) provided for in the law on the organisation and operation or in other legal provisions.
Article 209 Finance Ministry take part along with the Central Directorate of the State Committee on Statistics of the Ministry of Planning, Purchasing and material management and Control of funds, central banks and other bodies with an interest in the Organization of the national wealth.
Article 210 the Ministry of finance, together with the State Committee of Planning, Direction of statistics, Central banks, other bodies with central ministries, synthesis and systematic analyses, on the basis of the results of accounting, balance sheets throughout the economy, branches and sectors of activity, the volume and structure of stocks and take or propose measures to improve the economic and financial situation of Socialist.
Article 211 National Bank of the Socialist Republic of Romania, the Bank for agriculture and the food industry, the Investment Bank and the Romanian Foreign Trade Bank, as organs of the State, party and State policy infaptuiesc in the field of monetary and credit expansion, according to the provisions of this law and of the law and their statutes of organisation and functioning.
Article 212 part banks, we started the importance from funds of the company organizing the payments between Socialist units, lending to the economy and the performance of the budget of the State House, have a duty to control, on behalf of the State and to defend its interests, how funds shall be constituted and shall keep record of them, how the used material and monetary means of Socialist units and to ensure the full enforcement of rights and the term in lei and foreign currency of the State, as well as for their use economical. They must continually improve their relationships and credit payment of economic units and to contribute to the proper functioning of the economic mechanism, increase efficiency in the economy.
Banks Act for carrying out the tasks arising from loans and plans and for framing the movement limits. They will be issued only within the limits of funds approved plans and in compliance with legal provisions.
Article 213 National Bank of the Socialist Republic of Romania, as a Central Bank and broadcast has the following attributions, follow-up of their fulfilment: to) pursue within its sphere of responsibility, control over the fulfillment, by economic units of production, circulation of goods and financial, as well as on the use of overheads, operative measures to strengthen discipline in the field of credit and of settlements;
b) issues and put in circulation by the Bank tickets and coins, according to the legal provisions;
c) organizes and coordinates the movement of cash, as well as work on short-term lending and payments, in close harmony with the requirements of the development of the national economy; track and analyze phenomena and trends in the field of monetary circulation conjectural and credit, in the process of carrying out the plan for achieving operating within the normal evolution of the insurance money circulation and credit;
d) lending operations performs, settlement and other banking operations for economic units with accounts at the Bank, as well as controlling the use of the salary Fund;
e) organizes and performs operations on the implementation of the budget of State House, based on data rules with the consent of the Ministry of finance; controls and tracks the incomes of the State; track compliance with legal provisions relating to the making of expenditure;
f) elaborates together with the State Committee of Ministry of finance, Planning and specialized banks, project plans and loans on the economy, on the basis of the tasks set out in the national plan and the State budget, the analyses carried out with the ministries, other central bodies and economic units;
g) grant credits in addition to the specialised banks ' funds, and tracks how to manage these facilities;
h) participate in the elaboration of the balance of foreign payments and the tracking of achieving it; establishes, in accordance with the legal provisions, the exchange rate of foreign currencies in lei and organizes Exchange; manage state reserve for precious metals and performs operations with precious metals;
I) participate in international organizations or meetings with financial-monetary character; conclude with foreign banks and financial institutions pay agreements, contracts having as their object the receipt or the granting of credits, Yes and receives guarantees for payment arrangements abroad, in accordance with the provisions of the plan;
j) meets and other powers provided for in the law on organization and functioning status.
Article 214 Bank for agriculture and the food industry, the Bank for investment and finance lending and crediting the production and circulation of agricultural goods, food and beverages and water sector has the following attributions, follow-up of their fulfilment: to exert control over the fulfillment) plans for production and financial investment plan, implementation, production capacity, use of funds and borrowed by Socialist units with account at this bank; controls the agricultural units with effective use of Socialist Land Fund and, for the purposes of determining them to acquire plant and animal growth, reducing the costs of production and ensuring greater rentabilitati of agriculture;
b) performs operations on crediting activity, production of material and technical supply and use of agricultural products, operations, and other banking operations for account holders;
c) analyzes and approves in its sphere of activity, the economic efficiency indicators for investments in competence of the ministries and their subordinate establishments; analyzes and approves together with the Finance Ministry and the State Planning Committee of the economic and technical indicators for investments, according to the legal provisions, the competencies of the Council of Ministers;
d) organizes and carries out, within the framework of the plan and within the limits of the approved technical economic documentation, financing and lending operations of the investments to its sphere of activity; These controls the establishment of investment funds and their use according to the destination laid down in the plan;
e) exercise, within its sphere of activity according to the provisions laid down by law, control the use of the salary Fund, controls and tracks the incomes of the State; performs operations on the implementation of the budget of the State House;
f) exercise-based Convention, substantive control of the management of agricultural production cooperatives, as mandatara of the National Union of agricultural cooperatives of Production;
g) participate in international organizations or meetings with financial-monetary character; conclude contracts having as their object the receipt or the granting of credits, and banking arrangements in the implementation of the agreements on payments, credit agreements and other financial arrangements, in accordance with the provisions of the plan;
h) meets the other tasks provided for in the law on organization and functioning status.
Article 215, the investment bank that specializes in financing and bank lending for investment in industry, construction, transportation, telecommunications, machinery, household goods circulation, socio-cultural sector, State administration and other State organizations, cooperatia handicraft and consumer cooperatia has the following attributions, follow-up of their fulfilment: to exert control over) requests for cash from beneficiaries of investments, construction, drilling units geological prospecting, and design, following the rules and use according to the laws of the funds made available to them;
b) analyzes and approves in its sphere of activity, the economic efficiency indicators for investments in competence of ministries, other central executive bodies, committees of councils and County folk of Bucharest and subordinated units of; participate, with the Finance Ministry at analyzing and advising on economic and technical indicators for investments, according to the legal provisions, the competencies of the Council of Ministers;
c) organizes and carries out, within the framework of the plan and within the limits of the approved technical economic documentation, financing operations and investment lending in the economic branches of its activity; These controls the establishment of investment funds and their use according to the destination laid down in the plan;
d) lending operations performs, settlement and other banking operations for its holders of accounts, control and track State incomes; exercise control over the use of the salary Fund; performs operations on the implementation of the budget of the State House;
e) controls on construction projects by the fulfillment of the economic units of the investment plan and commissioning, use of production capacities at construction organizations; controls the actions taken by the beneficiaries and the conditions for builders to start the preparation and execution of the work, delivery of the machinery and technological facilities, insurance and materials;
f) participate in international organizations or meetings with financial-monetary character; conclude contracts having as their object the receipt or the granting of credits, and banking arrangements in the implementation of the agreements on payments, credit agreements and other financial arrangements, in accordance with the provisions of the plan;
g) meets and other powers provided for in the law on organization and functioning status.
Article 216 of the Romanian Foreign Trade Bank, as Bank policy, and the State party conducted in the fields of payments, Bank lending and currency control operations with the former Soviet republics.
Romanian Foreign Trade Bank has the following attributions, follow-up of their fulfilment: a) organizes and carries out receipts and payments relating to foreign trade operations; manage liquidity in foreign means of payment; buy and sell in the country and in foreign currencies, trade effects, as well as foreign securities and obligations;
b) participate in the elaboration of the balance of payments and foreign acts in good condition for the fulfilment of the plan currency;
c) completes the application of banking arrangements finance agreements, credit agreements and other financial arrangements, as well as foreign correspondent arrangements with foreign banks and financial institutions;
d) receives and grant credits, and from abroad; grant loans in foreign economic entities with foreign trade activity;
e-commerce effects) issues in foreign owners and accept bills of trade issued upon himself; avalizeaza and endorses trade effects; Yes and receives guarantees for payment arrangements abroad, in accordance with the provisions of the plan;
f) lending operations performs, settlement and other banking operations for economic units with foreign trade account holders; controls and tracks the incomes of the State; exercise control over the use of the Fund for salaries, as well as currency control operations performed via or; performs operations on the implementation of the budget of the State House;
g) participate in the international organizations with financial and banking nature and organizes its own offices abroad; actions carried out financial and banking cooperation; collaborates with specialized institutions in the country and abroad on issues specific to its activity;
h) meets the other tasks provided for in the law on organization and functioning status.
Article 217 In their duties, the National Bank of the Socialist Republic of Romania and the specialised banks elaborates on the basis and pursuant to legal provisions, detailed rules concerning the planning and the granting of credit for the production and circulation of goods, investment, financing and crediting payments without cash and cash operations, making use of foreign fund settlements, salaries and other banking operations.
Article 218 House savings and Consemnatiuni Socialist Romania, as banking institution specializing in relationships with the population, has the following powers, follow-up of their fulfilment: to develop or propose measures) for the development of the spirit of self-help and population economics in attracting cash savings of organizes the population;
b) performs operations on delivery cash economies toward preservation of the population, of the amounts recorded and ensure that settlements in connection with such submissions;
c) lending operations performs the population for the building of houses and personal property, as well as in other cases provided by law;
d) on the implementation of operations carried out through the House to the State budget, and other operations of receipts and payments and ensure maintenance of banking establishments and organizations that keeps money in the accounts to the C.E.C.;
e) and other powers set out to fulfil the law on organization and functioning status.
Article 219 credit unions members and accord these organizations loans from their own funds, for the purposes and under the conditions laid down in their statutes and other legal provisions.
Credit unions can make-based conventions concluded operations warrant for other institutions.
Article 220 of the State Insurance Administration has as atributions of fulfillment of which respond, organizing the activity of property insurance, liability insurance, and the establishment or the proposal for the development of specific instruments, their improvement and improve service insureds as well as other tasks stipulated by the law on organization and functioning.
The State Insurance Administration has the right to check how the insured goods are maintained, the way in which they comply with the measures of prevention and damage limitation, and to terminate or change the optional insurance contract under the conditions laid down.
Article 221 of the financial-banking Council regularly examines the phenomena and trends occurring in financial, monetary and currency, both domestically and in relations with former Soviet republics.
At the same time, this Council elaborates studies and analyzes the possibilities of improvement of economic-financial pirghiilor for translating into the life of financial policy, monetary and currency of the party and the State, in order to enhance economic efficiency in all sectors of activity, and strengthen the purchasing power of the national currency.
Financial-banking Council consists of leading cadres of the Ministry of Finance, the National Bank of the Socialist Republic of Romania, the Bank for agriculture and the food industry, the Investment Bank, Romanian Bank for foreign trade, savings and Insurance Administration and Consemnatiuni State of this Council are part of the Committee and representatives of State Planning, State Committee for prices, the Ministry of labour The Ministry of Interior, Trade, the Ministry of foreign trade and the Central Department of statistics.
If necessary, at meetings of the Council may be invited, and representatives of ministries and other central State organs as well as the popular councils.
Financial-banking Council train, in the analyses and studies that we do, economic research institutes and specialized bodies, financial institutions, as well as components and frames in higher educational institutes.
The functions and mode of organisation and functioning of the financial-banking Council will be established by legal provisions.
Article 222 the Court of financial Control and preventive supervision exercise control over the use of the funds at a later date, according to the legal provisions, the following decisions of the party and observance of laws in the field of finance, ensurance and discipline in the management of funds, the defense of the Socialist property in order to strengthen their economic management and increase efficiency in all areas of activity; the law establishes, on the basis of constatarilor and other competent organs, the patrimonial liability for damages made to the property, as well as the public and administrative liability for the infringement of legal provisions with financial character.
Article 223 ministries and other central State organs, in fulfillment of their duties in the field of finance, acting and transfusion: a) financial plans for the full realization of the tasks that have been approved, the establishment and use of funds and effective legal, full and timely payment of amounts due the State, as well as the results of economic and financial Ministry as a whole and on each unit subordinated to;
(b) compile and analyze accounting) taking measures to improve the economic and financial activity and increasing supply branches to the social and economic development of the country;
(c) systematic supervision of) the exercise of the activity of the subordinate units for use with high efficiency of technical-material base available to them;
(d) fulfilling other tasks foreseen) by legal provisions.
Article 224 executive committees of councils and County folk of Bucharest, Bucharest sectors and municipalities, towns and communes in the fulfillment of their duties in the financial field, Act and respond, as appropriate, of: (a) elaboration and execution) in good conditions and budgets of administrative-territorial units hierarchically inferior;
b) full achievement of tasks of subordinate units; the establishment and use of legal and efficient funds;
c) Organization, guidance and control of the activity of local specialist with respect to the determination and payment of taxes, fees and other revenue;
d) control over the exercise of systematic economic and financial activity of subordinated units in order to strengthen financial discipline and defense plan and public property;
(e) compile and analyze accounting) taking measures to improve the economic and financial indicators you have subordinate units;
f) fulfill other tasks provided for by the provisions laid down by law.
Article 225 In fulfilling tasks in the field of finance, local executive committees of councils and County folk of Bucharest are organised as local and specialist bodies, administrations, which are subordinated and Ministry of finance.
Financial institutions should have the following attributions, follow-up of their fulfilment: to prepare works for establishing) projects of local budgets;
b) watch in good condition execution of local budgets, as well as the way in which financial indicators is carried out by the local funds units with efficiency, according to destination and within the limits laid down, with due regard for the legal provisions;
c) performed according to legal provisions, the imposition of tax payers and insurance premiums to establish by operation of law;
d) Watch full payment of taxes, fees and other revenues of local budgets, as well as insurance premiums by operation of law;
e) organizes the financing operations and execution of local budgets;
f) prepare reports on the execution of Arthur local budgets and elaborates the works relating to the account of the end of the budgetary exercise;
g) participate in the drafting work of the territorial planning;
h) directs and controls the work of the specialized organs hierarchically inferior local;
I fulfill other duties), according to the legal provisions.
Besides the popular executive committees of councils and municipal towns are organised, as appropriate, financial services and financial constituencies which meet the tasks referred to in the preceding paragraph, adapted to the specifics of their own.
Article 226 EC Revenues is achieved over those that were established by the republican budget will be used throughout the year, with the approval of the Council of Ministers, for financing new tasks relating to the national economy and the social and cultural actions.
Article 227 of the Industrial Plants and treated as such, units of State enterprises, in fulfillment of the obligations in the financial field, acts and respond to: a financial plan) tasks approved operational measures for solving and preventing, removing shortcomings arising during the execution of the plan, standing as a activity thanks to be efficiency, maintaining permanent payment capacity at the time, fulfilling obligations toward the State, banks and hierarchically superior bodies;
b) use, in compliance with the law and in accordance with the provisions of the plan, material resources and Manpower, funds investment, production and permanent reduction of expenditure thanks production and especially those materials, strengthening economic management of resources, creating their own development and for the central Fund and local funds for economic and social development;
c) Organization of accounting and a rigorous exercise financial control over how the laws are applied and decisions, the regulations of hierarchically superior bodies and their own decisions, to strengthen the responsibility of order and discipline in the management of monetary and material assets;
d) fulfillment of other tasks determined by law on the Organization and leadership of the Socialist state and units by other legal provisions.
Article 228 ruling body collective socialist State units-General Assembly of the working people, working people, the Council Committee working people-ensure direct participation of working people from debating and solving economic and financial importance to the unity and development and respond to enable the necessary measures for the fulfilment of the tasks of the plan.
Committees and councils working people are required to appear before the General Assembly of the working people's activity-based analysis of the balance sheet, the economic and financial situation of the establishment, tasks and goals for the next period and the organisational and technical measures in order to achieve them.
Article 229 of the Socialist Head of State unit, The appointment to the Office, takes on the responsibility of managing the heritage entrusted to State, asumindu-and contract commitment and responsibility of householders with care and effectively and to develop means of material and monetary unity.
Unit leader, responds according to the law, against the State and against the team of employees of the establishment, the organisation of all rational activities of the unit, by taking measures to ensure the integrity of the public property and good housekeeping material and monetary resources, for the full and timely fulfilment of the tasks of the plan, accelerating the speed of rotation of funds and preventing the formation of stocks more than necessary as well as ensuring compliance with the rules governing the discipline of contractual and financial plan.
Article 230 Head compartment financial accounting is responsible for financial and accounting activity, in which purpose: to ensure, in accordance) with legal provisions, the drafting work on the financial planning, analysis and production expenses, overheads and to use the other funding and take or propose measures, as appropriate, to increase profitability and ideplinirea financial liabilities of unit;
b preparation and accounting) organizes the accounting balance sheets;
(c) ensure fulfilment of duties) the financial accounting compartment for keeping the integrity of the public property and those relating to preventive supervision and operative control and balance of trade-based analysis of the results of the work of the establishment; follow the setting up of funds and their use according to the planned destination, in compliance with legal provisions;
d) engages the drive through his signature, along with the head of the establishment, in all economic operations, with the obligation to refuse, under the law, those who contravene legal provisions.
Article 231 supply compartments, Leaders, sales, organization of work and other compartments, each activity or sector, they must focus on increasing economic efficiency and respond, in accordance with the law, overcoming the costs of production resulting from non-compliance with the legal provisions concerning the rules for the consumption, the level of stocks, and selling quality products, framing and personnel, as well as other provisions that regulate economic activity.
Article 232 accruing driver compartment Oblibaţiile financial accounting as well as the heads of the other compartments, you enroll in what ends their appointment in the Office, on the basis of the provisions of this law and other legal provisions.
Article 233 heads of Socialist units others with leadership functions, as well as the staff responsible, each on the basis of established powers, respond to disciplinary action, administrative or criminal law, where applicable, as well as civil or, when not meet the EC oblibaţiile incumbent in compliance with this law and other legal provisions concerning the management of heritage and the protection of the integrity of public property.
Disciplinary sanctions shall be applied under the provisions of labour legislation.
Administrative sanctions shall be applied according to the law on the establishment and sanctioning of offences and the provisions governing the financial discipline contraventiile, taxes, fees and insurance premiums by operation of law, as well as other legal provisions.
In the event of an offence is committed under the terms of liability of the criminal law.
If the above mentioned facts employees have caused damage to the drive, those guilty in the case of responding to crime, actual damages and unrealized benefits, according to the criminal law, and in other cases, according to the labor code.
Chapter XI final provisions Article 234 this law shall enter into force on 1 January 1973.
On the same date shall repeal the law. 3/1949 on the drawing up, execution and conclusion of the general budget of the Romanian people's Republic, Decree nr. 265/1949 concerning the obligation of contracts by and regulation of payments between enterprises and economic organizations, the Decree nr. 485/1954 on the approval of the Finance Ministry to approve some additional financial plans, as well as any other provisions to the contrary.
This law was passed by the National Assembly in session on 22 November 1972, gathered from the 428 votes cast, 426 votes for and 2 against.
President of the great National Assembly, STEFAN was 22 November 1972 in Bucharest, Romania.
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