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Law No. 9 Of 22 November 1972 Finance Law

Original Language Title:  LEGE nr. 9 din 22 noiembrie 1972 Legea finanţelor

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LEGE no. 9 9 of 22 November 1972 Finance law
ISSUER GREAT NATIONAL ASSEMBLY
Published in OFFICIAL BULLETIN no. 136 136 of 26 November 1972



Pursuant to art. 57 of the Constitution of the Socialist Republic of Romania we sign and we have to be published in the Official Bulletin of the Socialist Republic of Romania, Finance Law no. 9 of 22 November 1972. PRESIDENT OF THE STATE COUNCIL, Nicolae Ceausescu Bucharest, November 25, 1972. In the Socialist Republic of Romania the multilateral and sustained development of the entire national economy, based on the program established by the Romanian Communist Party, requires the continuous improvement of the forms and methods of organization, leadership and economic planning of the entire management mechanism of the company. In this framework, the improvement of the financial relations system is also necessary, emphasizing the influence of economic and financial pyramids on economic processes, in order to achieve high efficiency in all fields of activity. Finance, economic and financial levies, financial and banking bodies, must act systematically in the direction of determining socialist units, especially those in the sphere of material production, for full use and with increased efficiency the economic potential available to them, to carry out and overcome the tasks of the plan on the volume, structure and quality of the products, the reduction of production costs, the achievement of higher results to ensure rapid growth of national income, the basis for the development of the national economy, for the continuous lifting of the material and cultural living standards of the people. Finances are called to contribute to an increased extent to the settlement of all economic activity on the criteria of a high cost-efficiency, to the continuous improvement of economic management. Each socialist unit, organized on the principle of economic management, has the obligation to return the money funds that the company has advanced, to provide its resources for its own development and to participate, to an extent more and more large, to the formation of centralized funds of the state. Corresponding to the objectives of the economic policy of the Romanian Communist Party, economic and financial pirghia must stimulate the growth of export, increase the competitiveness of Romanian products, contribute to strengthening the purchasing power of the leu in relation to foreign currencies, to the increase of the country's currency resources and to ensuring the balance of the balance of external payments. The development of the national economy, the diversification of production, the increasing complexity of economic processes, the widening of enterprises ' powers and competences, the requirements of increasing economic efficiency, national and the results of economic and social activity, emphasizing the function of control of finances, strengthening control on all organizational steps of the economy. The governing bodies in each unit, the financial-banking bodies, the entire control apparatus in the economy, must act firmly for the judicious management of material and monetary means, to adopt against any wastage or deviations from the discipline of the plan, contractual and financial, to contribute to the strengthening of the order in the mining of public money, to the accentuation of responsibilities in all socialist units. Starting from the positive experience gained so far, taking into account the objective requirement to further strengthen the role and functions of finance, to improve the entire financial and banking activity, in order to achieve the objectives financial, monetary and foreign exchange policy of the Romanian Communist Party, The Great 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 Romania finances must ensure the establishment and planned distribution of funds of the company, contribute to the proper functioning of the economic and social mechanism, exercise the general control over the conduct of the social reproduction process, aiming to achieve the highest possible efficiency of economic activity. Finance must actively participate in the implementation of the Romanian Communist Party Program for the economic and social development of the country, the construction of the developed multilateral socialist society and the gradual transition to communism. Money-as a measure of value, instrument of circulation, payment and saving-intercedes the evaluation of production and consumption, the circuit of material values, ensures the general record of national wealth, of material production and of the newly created value. + Article 2 The economic and financial policy has as objectives the use with superior results of the material and money means available to society, obtaining as high yields as possible with the lowest consumption of social work, speeding up the speed of The rotation of funds, the increase of economic efficiency in all areas of activity and, on this basis, the systematic increase of national income. The economic and financial policy must ensure the preservation of financial, monetary and currency balance in the process of planned economic and social development, strengthening and increasing the purchasing power of the national currency. Finance must help set priorities in the country's planned economic-social development, optimal determination of proportions and rhythms of economic growth, participate in the judicious distribution of national income, the the establishment of the national economic and social development fund, the distribution of the consumer fund among the members of society, according to the principle of remuneration according to the quantity, quality and social-economic importance of the work performed, Socialist equity. + Article 3 Economic and financial policy is based on the principle of democratic centralism that ensures, in accordance with the provisions of the single national plan, the concentration and direction of financial resources towards the achievement of the fundamental objectives of the economic and social development of the country, together with the functional autonomy of each socialist unit in the responsible use of the part of the national wealth entrusted to it for administration. + Article 4 Finance must provide the money funds needed for sustained growth of material production-primarily through the unabated continuation of industrialization and intensive development, with high yields, agriculture-, the growth of the production and rational distribution on the territory, the broad promotion of technical progress, the development of scientific research, education and culture, the raising of the material and spiritual living standards of the people, the achievement of all objectives of the country's planned economic-social development + Article 5 In each economic unit finance must stimulate increased production and improvement of its structure, continuous modernization of products and the lifting of their technical and qualitative performance, introduction of advanced technologies, rational organization of technical-material supply, production and dissolution, reduction of production and circulation expenses-conditions on which it depends on obtaining a high efficiency. + Article 6 The financial-currency pirghia must act for the continuous growth of export, the competitiveness of Romanian products on the foreign market, the achievement of a high efficiency in foreign trade activity, the increase of foreign exchange resources of the country, ensuring balance of balance of foreign payments and setting up foreign exchange reserves. + Article 7 Finance must determine each economic unit to be concerned with the highest possible benefits through the optimal use of the resources at its disposal, to ensure continuous improvement of economic management, the settlement of the entire activity economic value on the basis of a higher rate of return. Economic units must operate in such a way that they cover their production and circulation expenses on their own incomes and obtain financial results to enable them to be returned within a period of time. shorter, of funds, received funds, according to the principle that any amount advanced by the company must be returned. Each economic unit, on account of the financial results obtained, must provide the necessary funds to finance the production, investment and satisfaction of other own needs and to participate, to an increasing extent, to setting up the state's centralized funds. + Article 8 Corresponding to the general principles governing our socialist society, financial relations, as well as monetary circulation, must be carried out in a planned manner, on the basis of a unitary system of financial plans. Money funds under the administration of socialist units can be used only in accordance with the provisions of the plan and in compliance with the norms and norms established according to the legal provisions. No expense, regardless of the funds from which it is incurred, can be approved and carried out if it was not, in advance, endorsed, according to the law, by the head of the financial-accounting department or other persons responsible for the exercise of preventive control from socialist units, as well as other bodies with such powers from the economy. + Article 9 The collectives of working people from each socialist unit respond to the good management of the material and money means entrusted by the society, to achieve superior economic and financial results by increasing production, increasing labour productivity-the first order of the country's overall progress-the continued reduction of material expenditure. The governing bodies of the socialist units are responsible for the use of funds entrusted by the company to these units and those constituted by the results of their own activity, by making the necessary income advanced by society, the formation of own funds and the payment of amounts to the state budget, as well as the judicious administration and maximum valorization of all material and monetary resources. + Article 10 The effective management of economic activity requires the organization, on all steps, of a strict record and a systematic and demanding control, on all material and money means, economic processes and results of each unit. Control must follow the observance of laws, plan, contractual and financial discipline, prevent and remove deficiencies in the administration of funds, contribute to the resolution of problems related to good management of resources. the country, to defend the integrity of the obstesc. + Chapter II Training and distribution of funds in the national economy + Article 11 In the Socialist Republic of Romania the national income, as a new value created in industry, agriculture, construction and other branches, represents the basic source of money funds that are constituted in the economy. National income is the result of efforts made by the working class, by the peasantry, intellectuals, by all working people, regardless of nationality, for permanently stopping production, diversifying and raising its quality, increasing labour productivity, systematic reduction of production and circulation expenditure, achieving high economic efficiency in all areas of activity. + Article 12 National income is distributed for the country's national economic and social development fund and the consumer fund. The national economic and social development fund of the country is constituted by the national income part intended for this fund, from the depreciation of fixed funds, as well as from other resources established by legal provisions. The consumer fund is formed on account of national income and is made up of the individual consumption fund and the social consumption fund. The individual consumption fund is distributed among the members of the company in the form of salaries, income of the cooperative members, as well as in other forms of direct distribution. From the social consumption fund, resources are provided for the functioning of educational units of all grades, cultural units, sanitary and social assistance units and other units through which social-cultural services are carried out. for the population, for the maintenance of the housing fund and the public road network. From the social consumption fund are granted state allowances for children, state family aid, other aid to support families with children and protection of minors, scholarships for students and students, pensions, allowances in case of incapacity temporary work, references to rest and treatment in spa resorts, as well as the other rights provided by law. + Article 13 The National Fund for Economic and Social Development is composed of a unified and correlated system of funds, of which I belong to: a) the central economic and social development fund; b) the local economic and social development fund constituted at the administrative-territorial units: counties, municipalities, cities and communes; c) own fund of economic and social development of state economic units: industrial plants, units assimilated to them, as well as enterprises; d) the economic and social development fund of the cooperative organizations and other public organizations; e) the funds used by the population for housing construction, household construction, increased production and livestock, as well as for other goods with similar destinations. + Article 14 The central fund for economic and social development is formed within the republished budget, from its revenues. It is used, according to the tasks approved by the single national plan and the state budget, for productive investments, covering the necessary means of circulating means of state economic units of republican interest, state, other objectives and actions of an economic nature, the development of the material base of the state social-cultural units of republican interest and of the central state bodies, as well as for other purposes provided by the legal provisions. + Article 15 The local economic and social development fund, constituted at the administrative-territorial units, is formed within the budgets of the counties, municipalities, towns and communes, from their incomes. It is used for productive investments, covering the needs of circulating means of state economic units of local interest, other objectives and actions of an economic nature, the development of the material base of the social-cultural units of state of local interest and local state bodies, as well as for other purposes provided by the legal provisions. The local development fund is also composed of resources outside the state budget, coming from socialist units, as well as from the monetary contribution of the population, according to the legal provisions. + Article 16 The economic and social development fund of the state economic units is formed, distinct on destinations, from benefits, depreciation of fixed funds and other resources established by legal provisions. Corresponding to the duties and tasks of industrial plants and units assimilated to them, most of the own fund of economic and social development is constituted at their level. It is used, in accordance with the provisions of the plan and in compliance with the established norms and norms, for productive and social-cultural investments, circulating means, as well as for other destinations provided by legal provisions. + Article 17 The economic and social development fund of the cooperative organizations and other public organizations shall be constituted by own resources and shall be used in accordance with the provisions of the plan and under the conditions established by legal provisions and Their organizing statutes. + Article 18 The funds that make up the economic and social development funds socialist property are kept at the banking institutions and are used, under their control, for the objectives and actions provided in the plan, in compliance with the norms and established normatives, according to legal provisions. + Article 19 The formation of funds of state economic units takes place, first of all, on account of the benefit obtained from the production activity, execution of works, services, trade and other economic activities. The benefit of the state economic units shall be determined and approved by the financial plans, based on the production and sales tasks and the planned level of production and circulation expenses. The benefit of the state economic units is distributed, under the law, for the establishment of own funds of economic and social development. payments to the State budget or at the disposal of the plant, as the case may be, the establishment of the prize pool, the formation of the reserve fund of the industrial plant or the unit assimilated to it, and for other destinations Legal. + Chapter III The general record of the national wealth. Financial plans system + Article 20 The general record of the national wealth must ensure that the situation of all the material goods available to the company, the other components of the national wealth, as well as the annual increase of the national wealth must be known; data on forms of ownership, branches of activity and categories of goods for the proper foundation of the country's planned economic-social development. + Article 21 The main object of the general record of the national wealth is the goods that are in the unitary fund of the state property and the claims of the state, as well as the property of the cooperative organizations and other public organizations. The general record of the national wealth is carried out in monetary expression. + Article 22 The general record of the national wealth is ensured on the basis of accounting and statistical data, the periodic inventories of goods belonging to socialist units, censuses, selective investigations and other investigations of an economic and social nature. + Article 23 In order to carry out the entire financial activity, to ensure a rigorous order in the administration of money funds, to mobilize existing reserves and to increase economic efficiency, all socialist units have the obligation to draw up financial plans. The financial plans shall be drawn up and finalised, on all organisational steps, in close correlation with the indicators of the other sections of the single national plan and on the basis of the analysis of the data provided by the system of evidence. In the entire process of drawing up and executing financial plans, economic units must pursue the high return use of fixed funds and their recovery in shorter terms; reduction of production and production costs. circulation; rational organization of technical-material supply, production and disposal, judicious sizing of stocks, so that to ensure the continuous acceleration of the rotational speed of the circulating means in each unit economic, efficiency gains on the whole economy. + Article 24 The financial plans shall include: a) the financial plans of the socialist units enterprises, industrial plants and units assimilated to them, social-cultural units and administration, ministries and other central bodies, local state bodies, cooperative organizations and other public organizations; b) credit plans and house plans; c) the state budget, in which the republican budget and the budgets of administrative-territorial units are included; d) the centralized financial plan. + Article 25 The financial plans shall be drawn up, as the case may be, in a departmental, branch and territorial aspect. The financial plans in the departmental profile comprise the financial indicators on socialist units, in accordance with the existing organizational structure, and those in branch profile, indicators of financial activity on the main branches of national economy. Financial plans in territorial aspect bring together financial indicators of economic and social development on communes, cities, municipalities and counties, regardless of the subordination of socialist units. The elaboration of financial plans is carried out according to the principles and criteria contained in the Law on the planned economic and social development of Romania, as well as the provisions of the + Article 26 The financial plans of the socialist units include, as the case may be, their income and expenses, financial relations with the upper or inner hierarchical organs, as well as those on the state budget and banks. + Article 27 The loan and house plans ensure the operative planning of money circulation and regulate during the year the movement of funds in relations between socialist units and between them and the population. The credit plans mobilize the available money resources necessary for the development of production and circulation of goods, the realization of investment objectives at socialist units, as well as for the coverage of certain needs of population. The house plans, which include the movement of cash in the economy, as well as the task of putting into circulation or withdrawal from circulation of cash, must ensure the necessary correlation between the money incomes of the population and the fund of goods and services, the maintenance of cash circulation in normal limits, corresponding to the real needs of the economy. The loan and house plans are elaborated on the basis of the proposals of the socialist units and the analyses carried out by the National Bank of the Socialist Republic of Romania and the specialized banks, together with the State Planning Committee, the Ministry Finance, as well as with ministries and other central bodies and executive committees of the county folk councils and the city of Bucharest, in accordance with the provisions of the single national plan. + Article 28 The state budget is the main financial plan of the state, which is enforceable. Under the system of operational financial plans, the state budget has a coordinating role compared to the other plans. + Article 29 The centralized financial plan-the main financial balance of economic synthesis, having the role of substantiating the single national plan includes the financial resources of the socialist economy and their distribution by sectors and fields of activity, on branches of the national economy. Through this plan, the financial balance is verified, the different categories of financial resources are correlated, in order to fully and efficiently use the economic potential of the country. The centralized financial plan is elaborated in close interdependence with the provisions of the other balances of the single national plan. + Article 30 Money relations in the economy that are reflected in the financial plans are expressed through a system of indicators. For the five-year periods, the financial indicators are approved by the five-year plan adoption law, and annually, by the state budget adoption law. + Article 31 The state socialist units, based on their tasks from the law adopting the five-year plan, from the state budget adoption law and the indicators carried out by the Council of Ministers, finalize their financial plans, which are approve, as the case may be, the committees or councils of the working people or the other collective management bodies. + Article 32 Financial plans may only change in cases where changes in economic plans, prices and tariffs, units and tasks between the plan holders or their subordinate units, as well as in other cases, occur. duly justified cases, according to legal provisions. Changes in financial indicators planned for expired periods are prohibited, apart from the specific cases authorized by legal provisions. + Article 33 Plan tasks can only change by the organs that have approved them. + Chapter IV Financing and lending to branches of the national economy for the formation of circulating means + Article 34 The circulating means-important part of the national wealth consisting of raw materials and materials, fuel, finished products, goods, as well as other values established by legal provisions, are intended to ensure the proper functioning of the units economic, fulfilment of the production and movement plan of goods. + Article 35 The need for circulating means at state economic units is established by normative, depending on the specificity of the branch, based on the plan indicators, the consumer and stock norms, as well as other calculation elements, according to the provisions legal to determine the normatives will take into account the measures provided to be taken to improve the technical-material supply, the improvement of technological processes, the reduction of production expenses, the acceleration of rotation speed and other factors that ensure the rational use of material and money means. The criteria for the elaboration of the stock rules and the normatives of the circulating means shall be established by the Council of Ministers. + Article 36 The total volume of the circulating means necessary for the state economic units for carrying out their activity shall be financed from their own resources, from the national economic and social development fund and from bank loans, under the conditions and proportions established by the Ministry of Finance and banks, depending on the specific activity of the economic branches. The need for circulating means of new state economic units shall be ensured from the central or local fund of economic and social development, from the own development fund of industrial plants or units assimilated to them, as the case may be, and from bank loans. Until the definitive need for circulating means is established, these units may receive advances from the resources provided with this destination. The planned annual increases of circulating means of the state economic units shall be covered by bank loans, which shall be reimbursed after the end of the annual balance sheet, from the benefits and from other resources provided with it. destination. Any unrepaid credits shall be reimbursed at the latest in the second year after obtaining them from the resources provided for in this destination. + Article 37 Ministries and state economic units have the obligation to organize their supply, production and sales activity so that they ensure the high efficiency of circulating means. Optimal sizing of the need for circulating means is a main obligation of ministries and state economic units, as well as financial-banking bodies, which must pursue the performance of plan tasks with a volume of less money funds, the continuous acceleration of the rotational speed of the circulating means. + Article 38 The cooperative organizations and economic units of the other public organizations cover their needs for money funds to carry out the production activity, execution of works, services, sales of goods and services. procurement-procurement from own resources. In addition to these organizations ' own resources, banks can provide short-term credit. + Article 39 When determining the need for money funds, the financial-banking bodies have the obligation to analyze the overall activity of the economic units, aiming at the volume of these funds to be in line with the plan tasks and legal norms which regulates the way of determining the need for funds, to take measures for the efficient use of material and money means, to avoid capital assets and to ensure the return of credits within the deadline. + Article 40 The credit is organized by the state in the form of direct bank lending, money loans between socialist units, outside the cases provided by the legal provisions, are prohibited. The volume of credits shall be determined by the appropriations plan, in accordance with the objectives and tasks of the plan, and approved by the Council of Ministers. Banks shall grant loans within the approved credit plan. Over the approved volume, credits can be granted only for new plan tasks or plan overruns, under the conditions provided by the legal provisions. + Article 41 Short-term credit is granted for the production of goods, the execution of works, the provision of services, for the movement of goods, for the satisfaction of consumption needs of the population, as well as for other destinations established by provisions Legal. By means of short-term credit, banks shall exercise a permanent control over the fulfilment by economic units of the plan tasks and the rational use of material and monetary means. + Article 42 The short term credit is planned, granted for precise destinations, must be guaranteed with material values, with financial resources provided for in the plan to be carried out in future periods, or under other conditions established by the provisions Legal, and be returned to term. The credit repayment terms shall be determined according to the planned movement of material values and recovery, according to the plan, of production and circulation expenses, not exceeding 12 months, unless the cycle of production. production is longer than one year and the situations laid down by legal provisions. + Article 43 The material values that constitute the loan guarantee remain in the debtor's possession, and it returns its legal oblibations regarding the rational use and their good preservation. + Article 44 Short-term credit resources are formed from banks ' own funds, constituted according to their statutes, from the temporarily available funds of socialist units, state budget and population, as well as other financial institutions. resources. + Article 45 The credits are granted to industrial plants and their assimilated units, to state-owned enterprises and state and cooperative organizations, to scientific and design research institutes, as well as to other unity organized on the principle economic management and having legal personality. Banks may also grant loans and units organized on the principle of economic management, but without legal personality, authorized to contract credits by the unit they belong to and which is responsible for the use and restitution term credits. + Article 46 Banks may grant economic units that have temporary financial weight due to objective causes loans for temporary needs, with normal interest, for the period necessary to remove the causes that determined the respective needs of funds, without Over 90 days. Such credits will be granted for the technical-material supply related to the performance of the plan tasks and for the production in progress of manufacturing and finished products, within the limits and under the conditions established by the Ministry of Finance and banks ' plants + Article 47 Banks have the right to refuse to grant credits to economic units if the undoing of the products to be carried out is not ensured, no conditions are created for the efficient use of the requested funds and credits. + Article 48 Stocks of surplus materials, without movement, of improper quality, those without insured outlets, as well as those stored and preserved under improper conditions, shall not be admitted in the credit guarantee. Banks control how economic units comply with the credit discipline, being obliged to verify the existence and conditions of storage of goods and other values that constitute the credit guarantee and to take reimbursement or passing measures to the outstanding, before maturity, of the loans used for other purposes, as well as loans without guarantees, following the recovery of these credits and the determination of the economic units to liquidate the causes that generated them. + Article 49 The economic units pay the banks interest for the loans received and commissions for the services that were provided to them by banks. For outstanding loans economic units pay increased interest. Socialist units receive interest in cash availability in their bank accounts. The level of interests, as well as that of commissions, shall be established according to the law. + Article 50 The management of the economic units have the obligation to ensure the activity of the units within the funds that have been approved to them; they must concern themselves with the respective units to carry out products, to execute works and to provide services good quality, to care for the rhythmicity and timely collection of their value, so that they will always ensure the money funds necessary to fulfill the payment obligations they have. + Article 51 Where an economic unit has immobilized part of its circulating means, the bank may no longer be able to carry out the payments, the bank may, on request, exceptionally grant a special credit with increased interest, provided that the unit concerned shall take measures leading to the recovery of its economic situation, the liquidation of the fixed assets, within a period of no more than 6 months, and the guarantee of repayment of the credit at the fixed time limit. The management of the industrial plants and their assimilated units, the ministries, the other central bodies and the executive committees of the popular councils are obliged, for the duration of the special lending, to take measures to ensure removing the causes that caused the planned needs to be exceeded. + Article 52 The financial situation of the economic units, which does not recover during the period established together with the bank, is examined by a commission made up of representatives of the relevant ministries, the financing bank, the Ministry of Finance, the Ministry of Finance Technical-Materials and Management Control of Fixed Funds, other central bodies, as well as specialists from scientific research institutes and teachers from higher education, and the conclusions and proposals from the analysis will be presented by the relevant central ministry or body To the Council of Ministers, which will decide on the measures to be taken. Until the establishment of these measures, the payments from the account will be made within the receipts, according to the provisions of art. 137 and 138 of this law. For cooperative organisations, the commission's conclusions will be presented to the banks ' plants, which together with the central body of the cooperative unit examine and take or propose measures, as the case may be. A. Financing and lending to industry, construction, transport, telecommunications and other service provision + Article 53 The normatives of the circulating means of the state economic units of industry, construction, transport, telecommunications and other service units are based on the plan tasks regarding the production and the other activities, on the level of production expenses, as well as the stock rules for raw materials, materials, fuel, finished products and other material values, established according to the legal provisions. + Article 54 On the basis of credit plans, banks may grant loans to industrial state, construction, transport, telecommunications or other services for: a) technical-material supply for the formation of stocks, as well as for the performance of expenses necessary to fulfill the plan tasks, to diversify the production and improve the quality of the products, to manufacture products over the plan the conditions laid down by legal provisions b) contracting and purchasing of agricultural products and other products; c) the reunification of the circulating means incorporated in delivered products, executed works and services rendered in the process of collection; d) coverage of planned expenditures that exceed in some quarters the revenues; e) performance of sales of goods, execution of works and provision of payment services in installments; f) other destinations provided by legal provisions. + Article 55 Loans shall be granted within the approved credit limit. Current and outstanding loans cannot exceed the approved credit limit. Banks may grant loans to economic units, which process agricultural raw materials, as they perform supplies and production expenses, without prior establishment of a limit, provided that the products and goods in question Have the undoing. Banks shall regularly check the consistency between the volume of the loans granted and that of the planned stocks and the planned production costs. Economic units that do not properly manage their circulating means and credit limits will be set. + Article 56 The norms of the circulating means of the production units, works execution and service performances of the cooperative organizations and other public organizations are established in accordance with the plan tasks, according to the criteria developed by their central bodies, in compliance with the general rules on financing and lending. B. Financing and lending to agriculture + Article 57 The normative of the circulating means necessary for the activity of state agricultural units and those for agricultural mechanization is determined, annually, on the basis of the production plan and the planned volume of agricultural works and service supplies, holding the level of planned expenditure, the value of livestock, the planned stocks of raw materials, materials and products and other production needs. + Article 58 The Bank for Agriculture and Food Industry can provide credits to state agricultural units and those for agricultural mechanization, based on the loan plan, for: covering production needs, new actions occurring during the year, with productive character, which have economic efficiency, expenditure on resowing calamity crops and carrying out additional works in order to reduce the effects of natural factors, as well as for other destinations provided by provisions Legal. + Article 59 The loans shall be granted up to the level of the planned stocks and production expenses, provided that the full guarantee and the realization of the income to ensure the term reimbursement and the approved credit limit. Current and outstanding loans that can exceed the approved credit limit. + Article 60 The loans granted shall be reimbursed by the state agricultural units at the periods of obtaining and capitalizing on plant and animal production, and by the units for the mechanization of agriculture, at the deadlines set for the payment in kind and in money of works. Crediting the production activity of the cooperative agricultural units + Article 61 Agricultural production cooperatives have the obligation to make full use of the production capacities, to capitalize on the material and money resources, in order to increase the income and to ensure the necessary funds to carry out the activity of production. + Article 62 The Bank for Agriculture and Food Industry may grant agricultural production cooperatives, in addition to own funds, short-term credits for covering production materials, retribution of labor, payment of contribution at the Pension and Social Insurance House, levies at the development fund, as well as for other expenses provided for in the production and financial plans. + Article 63 Credits are granted on the basis of contracts for the valorization of agricultural products concluded with socialist organizations, up to 60% of the value of the contracted production, taking into account the volume of possible receipts to be made from capitalizing on production, to ensure their full repayment at maturity. The credits are granted at the request of agricultural cooperatives, staggered, according to the production needs, the stage of crop development and the realization of animal production. In cases where, during the year, some agricultural production cooperatives need additional funds, the bank may grant them credits and above the established limit, if there is a material basis and definite possibilities for income realization, repayment of loans and coverage of the other payment obligations. If it is found that the full repayment of the credit established is not ensured, the bank shall duly reduce its volume so that there is a guarantee of its repayment at maturity. + Article 64 The Bank may grant agricultural cooperatives production credits in the short term and for material expenses related to the production of the following year, as well as for the supply of materials and materials necessary for industrial production activities, processing of agricultural products, construction and service supplies. + Article 65 The contracted production cannot be capitalized in any other way than the one established on the occasion of granting the credit. If the agricultural production cooperatives do not comply with this obligation or change the destination of the contracted production, the bank is entitled to take measures for the repayment before the maturity of the loans granted, from any availabilities of the cooperatives, and when these availabilities are not sufficient, to move to forced execution, by capitalizing on existing products. + Article 66 The bank may grant short-term credits for the production of those agricultural cooperatives that do not produce the contracted goods, if there is a guarantee that these cooperatives will obtain income to ensure the repayment of the term loans. + Article 67 The bank may grant the economic units of the intercooperative and public associations, in addition to their own funds, short-term credits necessary to carry out the tasks of the plan. The loans shall be granted on the basis of production and financial plans, depending on the volume of possible receipts to be made from the recovery of production, to ensure their repayment at maturity. + Article 68 Agricultural production cooperatives which, after covering the production expenses and other expenses provided for in the plan, cannot ensure from their own funds and from short-term loans the payment of labor retribution at least at the level of minimum income guaranteed, the bank can grant loans to the guaranteed minimum income market, in compliance with the conditions provided by the legal provisions. Agricultural production cooperatives that, after the knowledge of the annual economic and financial results, were unable to pay the contribution of the pension and social security contributions from the year of the plan, the bank can grant them credits for the payment amounts due. The repayment of these credits is made by the end of the year in which they were granted. If, due to calamities of nature or other objective causes, the credits cannot be repaid in full, the remaining amounts will be provided for in the production and financial plan and reimbursed in the following year. + Article 69 The agricultural production cooperatives, the intercooperative associations and the economic units of the public organizations guarantee the short-term loans with material values, with the incomes provided to be realized and with the divestment, in favor of the bank, the money rights that have to be collected. Agricultural cooperatives of production also guarantee short-term loans granted to intercooperative associations, in proportion to their social parts. + Article 70 The reimbursement of loans granted to cooperative agricultural units is made directly from the amounts collected by them for the delivered products, the executed works and the services provided, from the compensation received and from any money income realized. The loans granted within the intercooperative associations shall be recovered from the incomes of the agricultural production cooperatives, in proportion to their social parts. Granting of production credits to members of agricultural production cooperatives and producers with individual household + Article 71 The Bank for Agriculture and Food Industry can grant members of agricultural production cooperatives and producers with individual household, who contract with socialist units the delivery of agricultural products, short-term credits until at 45% of the value of the contracted production For contracts concluded with consumer cooperation organizations, cooperators and producers with individual management receive, under the same conditions, money advances through their respective organizations. + Article 72 Cooperators and producers with individual household guarantee the production credits received with the assignment, in favor of the bank, of the money rights that have to be collected from the socialist units, as well as with the goods that have them in the property. + Article 73 The reimbursement of production credits, granted to cooperators and producers with individual household, is made from the amounts due to the products handed over to the contracting socialist units, from compensation and other income. + Article 74 The contracting socialist units shall guarantee against the bank the repayment at maturity of the short-term production credits granted on the basis of the contracts concluded by them with the cooperators and producers with the individual household. If, following the checks made by the bank, it is found that contracts were concluded without material basis or that the socialist units did not pursue the execution of the contracts, the bank is entitled to take measures to recover the loans granted from the contracting socialist units. + Article 75 The delivery contracts on the basis of which credits are granted constitute for the bank enforceable securities to cooperators and producers with individual household, as well as to the contracting socialist units. C. Financing and crediting of the circulation + Article 76 The normative of the circulating means of the state economic units of technical-material supply and sale of goods is determined according to the plan tasks, the speed of movement of goods and the level of stocks, according to the object of their activity. + Article 77 Banks may grant state economic units of technical-material supply and sale of goods credits for the reconstruction of stocks of goods and agricultural products, packaging, purchases and contracting of agri-food products, coverage of planned expenditures that exceed in some quarters income, sales of installment-paying goods, as well as other material values. Banks shall regularly verify the consistency between the volume of loans granted and that of stocks of commodities and other material values constituted for the purpose of carrying out the plan tasks. Loans may be granted as supplies and expenses are made, without the prior establishment of a credit limit. State units of technical-material supply and sale of goods that do not properly manage their circulating means, immobilizing them in goods without insured sale or in debtors, will be able to be passed by banks to lending based on a limit. + Article 78 Art. 76 and 77 shall also apply to tourism and hotel units, as well as to those of technical-material supply and the sale of goods of the organizations of craft and consumer cooperation and of the other public organizations. + Article 79 The management of the technical-material and goods outlets have the obligation to act permanently for the establishment of goods stocks within the planned limits and in a structure corresponding to the satisfaction of the application beneficiaries and the population, to ensure the judicious distribution of the commodity fund, to prevent the formation of fish stocks above necessary or difficult to sell, as well as to carry out non-economic expenses. D. Financing and lending to foreign trade + Article 80 The need for circulatory means for the conduct of external trade activity at the manufacturing units having duties of export deliveries, those carrying out works or providing services for abroad, as well as at the undertakings specialized in foreign trade, shall be determined on the basis of export and import duties, as well as those relating to other trade, outdoor activities and shall be provided from own resources, from bank and other resources, within the limits and the conditions established by the legal provisions + Article 81 Banks may grant to manufacturing economic units that have export delivery duties, as well as those who perform works or provide services abroad, credit for the constitution of commodity stocks and carrying out related expenses. the execution of external contracts or other destinations established by the legal provisions. Loans shall be granted from the moment of formation of stocks or expenses until the collection of the value of the currency, without exceeding the normal settlement periods provided by the legal provisions or established by banks. + Article 82 Banks may grant to specialized companies of trade, external credit for export operations on their own and for import operations. They can also provide credits for goods sold on commercial credit abroad, in compliance with legal provisions. + Article 83 Goods producing units for export, those that carry out works and provide services for abroad, as well as specialized foreign trade enterprises, must take measures to ensure the fulfilment of the obligations assumed by contracts and collection in a short term of currency. + Article 84 Goods producing units for export, those performing works and providing services for abroad, as well as specialized foreign trade enterprises, may benefit from credits for the organization and participation in exhibitions and international fairs, for the establishment of stocks related to samples, as well as for the organization of service activity in other countries. + Article 85 In the process of lending to foreign trade activity. banks shall verify that the economic units carry out the obligations assumed by the external contracts on time, and shall ensure that those units carry out the receipts and payments with the abroad. E. Financing and crediting of scientific correction + Article 86 Scientific research units are organized in economic mode and operate on the basis of research contracts, and in cases established by legal provisions, they can receive funds from the state budget. The funds necessary for the research units shall be determined in relation to the volume, complexity and number of research topics, as well as the duration of their execution and shall be ensured from the amounts collected from the beneficiaries on the basis of contracts, from credits banking or other sources established by legal provisions. Beneficiaries of scientific research works can use as funding sources the fund for the introduction of new technique, production funds, investment funds, as well as budget funds or other funds provided by legal provisions. The funds from the budget are awarded for the financing of research that is of particular importance for the economic and social development of the country, as well as for carrying out complex, general or part of the programs priority. + Article 87 The ministries, the other central state bodies, the executive committees of the popular councils, the industrial plants and the units assimilated to them, as well as the beneficiary enterprises of the results of the scientific research activity, have the obligation to capitalize the research as quickly as possible, by introducing in practice the results obtained and generalizing the application of research concluded with positive results, aiming to achieve in the short term the cycle research-design-production. + Chapter V Financing and lending to investments A. Financing and crediting investments of state units + Article 88 The investment program, which ensures the dynamism and balance of the economy, a modern and efficient structure of material production, the rapid growth of national income, is financed from the national economic and social development fund. + Article 89 The centralised productive investments of the state economic units shall be financed as follows: a) from the central economic and social development fund: investments of republican interest regarding the construction of new or combined enterprises, important actions regarding equipping with machinery and means of transport, as well as other objectives and actions established annually by the single national plan; b) from the local economic and social development fund of the counties and the city of Bucharest, municipalities and sectors of Bucharest, cities and communes: investments of local interest regarding the construction of new units, as well as other objectives and actions established annually by the plan of administrative-territorial units; c) from the economic-social development own fund of economic units: investments on developments, upgrades, facilities, retooling and renewal of capacities, elimination of narrow places, improvement of technological processes, objectives of common interest for the component units of industrial contracts, as well as other objectives and actions provided by the plan. + Article 90 Centralized investments of a social-cultural nature and other centralized investments in the branches of the non-productive sphere are financed, at state units, as the case may be, from the central economic-social development fund or from the local development fund economic-social of administrative-territorial units according to the subordination of the beneficiary of the investment or from the own development fund, corresponding to the provisions of the plan + Article 91 The money means intended to achieve the centralized investments of the state units are, as the case may be, from the depreciation of fixed funds, benefits, other own resources, as well as from budgetary allocations, according to the provisions of the state budget. State economic units have the obligation to submit to specialized banks the amounts intended to finance investments, under the conditions and at the deadlines established by the legal provisions. + Article 92 In order to achieve maximum efficiency in the use of investment funds, their beneficiaries, design institutes and construction organisations are required to take all measures to ensure that investment objectives are achieved through the adoption of the latest and improved technological solutions, with reduced costs, in a short time, to materialize, first of all, in high productivity machines, machinery and installations, to ensure the superior valorisation of material resources of the country, as well as increasing amounts of production with outlet insured, of benefits, of foreign currency and of national income to every leu invested. New investments can only be made after proof is provided that the full use of existing capacities and spaces is ensured. + Article 93 The distribution of funds for new investment works can be made only after the means necessary for the commissioning and for the realization of the necessary stages corresponding to the works in execution have been provided. Priority will be given to investments whose production is expected to increase export or reduce import. + Article 94 Upon the approval of the centralized investments, the Ministry of Finance and the banks, each according to their duties, have the obligation to verify-based on the technical-economic documentation that must be presented according to the legal provisions by holders or investment beneficiaries-the merits of the applications for investment funds, their need and efficiency, the savings and legality of the expenditure, their compliance with the approved regulations. + Article 95 In order to open the financing, the industrial plants, their assimilated units, enterprises and state institutions must submit to the specialized banks the investment approval documents, the approved technical-economic study, the contract of the anthalf, the schedules of the investment and delivery of the machinery, correlated with the deadlines for commissioning, and the construction authorization for the investment expenses to which no technical-economic studies are elaborated, shall be submitted documentation approved as required by law. For the start of the works and during their execution, the investment beneficiaries and the executing organizations are obliged to submit, at the request of the banks, the estimates to the execution projects in order to verify them. + Article 96 Banks shall finance centralised investments if the following conditions are met: a) the objectives, capacities and time limits for the exploitation of the plan; b) the start of the works is based on technical-economic documentation elaborated according to the legal norms and norms, as well as the legal approvals for the use of the land on which the respective investments are located; c) the financial means necessary for the execution of works within the annual plan provisions are ensured; d) the works and expenses that are carried out are provided in the technical-economic documentation admitted to the financing. Banks have the right to refuse to finance investments from the approval competence of state plan holders and their subordinate units, which have not ensured conditions of efficient use of funds, as well as investments for which the legal provisions on the commencement of investment works are not respected, the verification of which returns as a task. Banks check, according to the law, the legality of prices and tariffs, as well as the savings of the expenses provided in the documentation and rule on them within 20 days of receiving the documentation appropriated by the organizations Execute. The cuts made by banks, to which no objections were received within 20 days of their communication, remain final. The value of the execution estimates and the general estimate shall be reduced by the remaining definitive reductions. Divergences between banks and state economic units or bodies subordinated to them are solved by the higher hierarchical bodies. + Article 97 It is forbidden to contract and commit expenses for investments before the approval of technical-economic indicators or, as the case may be, of the technical-economic documentation of investments, as well as the start of works before the banking bodies it has been pronounced on the legality of these expenses, apart from cases where legal provisions are otherwise provided for. When contracting and purchasing the technological equipment necessary for the realization of investments must be intended to be brought to the construction site at terms correlated with those for the installation, not to exceed the storage norms on construction sites, established according to the legal provisions, and to avoid the formation of available machinery stocks. + Article 98 Centralized investments are settled according to their execution, in compliance with the annual investment and financing-credit plans, within the limit of the approved legal general estimate; it is forbidden to exceed the value of the approved documentation for that investment. + Article 99 During the execution of the investment works and at their end, the investment beneficiaries are obliged to justify to the banks the spending of the funds issued. At the end of the works, the beneficiaries are obliged to carry out their reception and to present to the bank, for justification, the minutes of reception. If the construction-assembly, service and design organizations, as well as the investment beneficiaries for the works in directing, have collected undue amounts, the banks have the right, if within 30 days of the finding. the party in question does not refund the respective amounts, to issue for the recovery of these amounts-payment documents, which are settled without the acceptance of the payer. After commissioning or putting into use the investment objectives, the banks will settle only the works and expenses that, according to the law, can be carried out after the commissioning, recorded in the reception minutes, within the limit General estimate. + Article 100 In order to carry out the centralized investments provided for in the plan, banks may grant loans to state economic units, in addition to their own funds intended to finance investments or in full, as the case may be, a) for objectives and investment actions from which benefits can be obtained that ensure the repayment of the loan in no more than 10 years; b) when there is a planned gap between the realisation of investments and the establishment of own resources to finance investments; c) if, in the course of the year, the investment plan is exceeded to some objectives and it is economically justified, there is assured material conditions; d) if, during the year, the own resources for the financing of investments were not at the level of the plan. From bank loans, productive investments whose indicators are approved by the Council of Ministers, in cases and under the conditions established by the decision approving the technical-economic indicators, can also be carried out. + Article 101 Loans for the realization of investments are approved by banks, in compliance with the general credit rules, as well as those regarding the approval, financing and realization of investment works. Credits from art. 100 lit. to be granted by banks if for those investment objectives and actions there is a definite source of supply of raw materials, outlet for products that will be obtained, contracts or orders confirmed with terms of delivery of cars, machinery and installations, which ensure that the planned capacities are put into service within 12 months, except as provided for by the legal provisions. The repayment of loans shall be made from the benefits allocated for this purpose, at the time limits and in the rates established by the loan agreement concluded between the bank and the loan recipients In case of non-commissioning of investments at the planned deadline, banks-taking into account the execution stage of the works and the measures taken to recover the delays-can continue to grant credits for the completion and the operating the investment. In these credits, increased interest rates are charged. In case of unconstituent of own resources planned, intended to finance the investments provided in 100 letter d, banks may grant loans with increased interest, provided that they are reimbursed by the end of the year. State economic units can use-before turning to bank loans their own funds constituted at their disposal for the execution of non-entralized investments. Loans granted for the unconstituent of planned own resources shall be covered by the non-committed funds of the state economic units for non-centralised investments, and if they are insufficient, the reimbursement shall be made from the same funds of the upper hierarchical organ; the remaining part unfilled at the end of the year shall be reimbursed in the following year from the reserve fund or from the non-centralised investment funds constituted according to the legal provisions. If and after the use of these resources remain unredeemed loans, they may be planned to be reimbursed in the second year after obtaining them, from their own resources intended for the financing of investments constituting the the level of industrial plants and units assimilated to them, + Article 102 Loans are granted by banks as the execution of investments, within the limits of the provisions of annual investment plans, financing-lending plans and general estimate, legally approved. In cases where the loan recipients do not comply with the credit destination and other conditions in the loan agreements or do not return the due rates, the banks have the right to cease lending and to proceed with the recovery of loans. from funds for non-centralised investments, or from reserve funds of state economic units. Until the recovery of loans and the collection of due rates, banks charge increased interest rates. + Article 103 Banks may grant, in the course of carrying out investment works, credits for machinery that require assembly and credits for the supply of materials, as well as other categories of credits, according to the provisions of the state plan and budget, in the cases and conditions established by their statutes or other legal provisions. For equipment requiring assembly, the credits shall be granted up to the planned date of commissioning. After this date, the loans granted and those that will be granted until the commissioning are charged increased interest. For the expenses necessary to carry out the technological tests, as well as for the spare parts and inventory items at the new units and wards, provided in the technical-economic documentation of investments, the banks grant credits until the deadlines established together with investment beneficiaries, deadlines that cannot exceed 90 days from the planned date for the commissioning of the investment. In case of non-compliance with the planned implementation period, during the period of delay, banks may grant increased interest credits. The loans granted within 90 days of the actual commissioning shall be withdrawn from the production funds of the loan beneficiaries. For materials supplied by investment beneficiaries, loans shall be granted until the deadline set by the loan agreement. + Article 104 Banks charge increased interest on loans for machinery that require assembly, during the periods with which the normatives are exceeded in days provided by the legal provisions on the storage of machinery on construction sites. The increased interest is also charged on loans for the available machinery, which are not capitalized within 90 days from the date they arrived in this situation. + Article 105 The uncentralized investments of state units are financed from the resources provided with this destination, according to the legal provisions. Non-centralised investments shall be admitted to finance if. -are provided for in the plan of the respective unit and approved, according to the -are effective and satisfy immediate needs with a productive or social-cultural character, as the case may be; -have conditions to be carried out within the durations provided by the legal norms and the technical-economic documentation is legally approved. The opening of the financing for the non-centralized investments of the state economic units is made after the full constitution of the necessary funds at the level of the documentation, and at the state institutions and administrative-territorial units, after the allocation or constitution of the funds under the conditions laid down in The settlement of non-entralized investments is made by banks, as their execution, under the same conditions as for centralized investments. The non-centralized investments are financed through the banks to which the state units and institutions, as well as the cooperative and public organizations, have their account for the basic activity. Investment works whose value of deviz on the object exceeds 100 thousand lei shall be financed through specialized banks, for which the respective funds shall be transferred to these banks. + Article 106 Banks may grant state economic units and cooperative loans for the realization of non-entralized investments regarding the execution of small mechanization works and other works of a productive nature, as well as for works intended improving the supply of goods and services to the public. These investments must have high economic efficiency, contribute to reducing workload, improve product quality, increase production and labour productivity, reduce production and production costs. Circulation. The conditions for granting these credits shall be determined by the Council of Ministers. + Article 107 The volume of loans granted by banks for the realization of investments is established annually by the medium-and long-term loan plan, which is approved with the single national plan and the state budget. Medium-term and long-term loans for investments are granted from resources specifically intended for this purpose. The interests and commissions that are charged by banks to the financing and crediting of investments are those provided by the legal provisions. B. Financing and lending of investments to cooperative organizations and other public organizations + Article 108 The cooperative organizations and economic units of the other public organizations realize the investments necessary to achieve the economic and social objectives provided in their plans from the development funds established on account of incomes obtained from their activity. They have the duty to use judiciously the means for investments to achieve high efficiency objectives, to ensure the growth of the public wealth the basis of the continuous development of their production potential-, obligations to the State and to increase the retribution of cooperative members. + Article 109 Banks can provide cooperative organizations and economic units of the other public organizations, in addition to their own funds, medium and long term loans for the realization of new investment actions and objectives, for expanding and modernising existing capacities, ensuring increased production, service provision, improving supply and undoing and obtaining additional revenue. + Article 110 The financing of investments from the own funds of the cooperative organizations and other public organizations is based on the norms issued by the cooperative and public central bodies, according to the laws of their organization and functioning, with the opinion of the banks on the efficiency of the investment and compliance with the general rules on investment Crediting the investments of the organizations of the handicraft cooperation, of the organizations of consumer cooperation and of the economic units of the other public organizations is made according to the general norms that apply to the state economic units. Lending to investments of agricultural production cooperatives + Article 111 The Bank for Agriculture and Food Industry can grant agricultural production cooperatives, in addition to their own funds, long-term loans for the realization of productive investment actions and objectives to ensure the growth production, service provision and additional revenue. Agricultural production cooperatives may also be granted loans for shares and investment objectives that are executed by association or cooperation. + Article 112 Long-term loans are granted for works of land improvements, vineyards and trees plantations, agrootechnical constructions, machinery and plants, production animals, as well as for other objectives and actions established by provisions. Legal. The maximum time limits for the repayment of credits and the proportion of participation with own funds of agricultural production cooperatives shall be established by legal provisions. + Article 113 The volume of long-term loans granted to agricultural production cooperatives is established annually by the single national plan and the state budget and is distributed by actions and by county by the Ministry of Agriculture, Food and Water Industry, with Consulting the Bank for Agriculture and Food Industry. + Article 114 The long-term loans shall be granted to agricultural production cooperatives which have provided for the plan and shall take the development fund at least in the minimum quota provided for by the Statute. + Article 115 Long-term loans are granted both for investments that are carried out in bondage, as well as for those in the anthalf. For works that are executed in directing, long-term loans are granted in order to cover investment expenses, except for those on labor and building materials that can be obtained by leveraging their own resources. agricultural production cooperatives. Agricultural production cooperatives, which execute a large volume of investments in directing, can be granted long-term loans and for the payment of the workmanship that is carried out with qualified staff, employed from outside the units. In the case of plantations of vineyards and trees running in established pools, long-term credits may be granted and for the payment of a quota-parts of up to 50% of the value of the planned workmanship at the establishment and maintenance works, up to their entry on the fruit. + Article 116 The long-term loans are approved by the agricultural production cooperatives by the bank, in compliance with the following conditions: a) the net income provided to be realized by the commissioning of the means of production credited to ensure the reimbursement of the loans requested within the maximum approved deadlines and to have the certainty of production and income provided in the technical-economic documentation; b) to ensure the participation with own funds in the established proportions and the rational exploitation of the means of production, and the economic and financial situation of the agricultural production cooperatives to allow the reimbursement of credits long term due in the following periods; c) there are conditions for the execution and the timely implementation of the objectives, and the production foreseen to be carried out to have the undoing ensured; d) technical-economic documentation to be drawn up, approved and approved according to the legal provisions. For the approval of the credit, the agricultural production cooperatives must submit to the bank the commitment to capitalize through the contracting socialist units the agricultural production obtained at the respective objectives, until the complete restitution of the credit. If the bank, after the analysis, finds that the credit conditions are not met and there is no guarantee of repayment of the loan, it will not approve the requested credit. + Article 117 Agricultural production cooperatives have the obligation to use the credits received in accordance with the intended purpose for carrying out the plan tasks and are responsible for their full repayment at maturity. + Article 118 The Bank for Agriculture and Food Industry can grant agricultural cooperatives of production, economic units of intercooperative associations and other public organizations credits. for carrying out small mechanization works and other works of a productive nature, or intended to improve the supply and supply of services to the population, under the legal norms established for state units. + Article 119 The Bank for Agriculture and Food Industry has the right to stop lending or to recover before the deadline the loans granted, if it is found in the activity of the cooperative agricultural units the following deviations: a) the change of the destination of loans granted or deficiencies in the execution of credited investments, likely to jeopardize the timely implementation of the objectives or the realization of the technical and economic indicators in the credit documentation; b) non-participation of agricultural production cooperatives with the own funds with which they have committed to the execution of the credited investment objectives; c) the use of means of production for purposes other than those for which they were credited, alienation, improper management of them, degradation or removal of them from production; d) failure to take measures to remove the deficiencies reported by the banking units. + Article 120 The agricultural production cooperatives guarantee the credits received with material values, money means provided to be realized and with any other income in money and in kind, as well as with the assignment in favor of the bank of the rights they have to collect. + Article 121 The repayment of long-term loans is made from the funds made up for investments, and if they do not cover the due rates, the difference is paid from the other monetary availabilities of the agricultural production cooperatives. C. Loans for investments granted to the population + Article 122 The Bank for Agriculture and Food Industry may grant investment credits intended to develop the production of members of agricultural production cooperatives and producers with individual household, for the procurement of production animals, planting material, in order to carry out fruit plantations and for other agricultural destinations, within the limits and conditions established by the legal provisions. Credits are granted to producers who contract with socialist organizations the delivery of products and products, from the valorization of which to ensure the timely repayment of the respective loans. + Article 123 The House of Savings and Consemnations may grant loans to the population for the construction of personal property housing, as well as in other cases provided by law. Loans for the construction of personal property housing are guaranteed by the constitution of mortgage on the respective homes. The loan contracts have the value of authentic documents and constitute enforceable securities. + Article 124 The loans are guaranteed by the beneficiaries, for their entire value, through the pledge of material values, personal guarantees and disposals of claims. Until the full repayment of loans, personal property and other goods acquired by the population through the use of credits can be disposed of only with the prior consent of the institutions that have granted credits. + Chapter VI Organization and making payments between socialist units + Article 125 In order to organize and conduct in good conditions the money circulation and for the exercise of banking control over money relations in the economy, socialist units are obliged to keep money available in accounts with banks and to make payments and receipts through these accounts. + Article 126 Payments between socialist units are usually made through non-cash settlements. + Article 127 The National Bank of the Socialist Republic of Romania, together with the specialized banks, establishes the settlement forms and instruments, fixes the limit in which the cash payment can be made between the socialist units and elaborates rules on the conditions and deadlines for the submission of cash to banks, the limits in which the cash can be kept in the cashiers of the socialist units, the way of issuing the cash and the conditions for making payments from the receipts. + Article 128 Socialist units are obliged to provide in economic contracts forms and settlement instruments that ensure the collection in a short time of the value of the delivered products, of the works performed or services rendered and which contribute to the strengthening of the contractual discipline and the acceleration of settlements. In order to strengthen the discipline of payments, banks can order the replacement of settlement forms and instruments chosen by socialist units, with forms and instruments that correspond better to the economic relations between the units. + Article 129 Payments from the accounts of the socialist units shall be made with their consent, except for those payments that concern obligations found by enforceable securities, as well as payments for which the legal provisions do not provide the consent of the paying units. + Article 130 Loan documents, regardless of their name, and loan account statements regarding the term unpaid claims or receivables that the bank is entitled to collect before the term constitute enforceable securities, without fulfilling other obligations. formalities. + Article 131 Payments must be made at the date of chargeability of the obligations, the debtor being obliged to carry them, and the creditor being obliged to ask them. Socialist units are obliged to demand payment after handing over or sending products to the beneficiary, execution of works or provision of services, provided that the contractual clauses are respected. The beneficiary is obliged to make the payment after the takeover and reception of the products, namely the reception of works or services, except in the cases provided by The same obligation lies with the beneficiary if, although the contract was provided for by the contract, the payment is made at the request of the supplier, however he did not ask for it. + Article 132 Deliveries of products, works execution and services on credit between socialist units are prohibited, except for the specific cases provided by legal provisions. + Article 133 The National Bank of the Socialist Republic of Romania, together with the specialized banks, sets the deadlines for accepting the payment of settlement documents issued by the creditor. + Article 134 The beneficiary shall have the right to refuse payment, in whole or in part, as the case may be, when: a) the delivery of the products, the execution of the works or the provision of services is not the subject of a contract or has no other legal basis, provided that the goods for which the payment is requested b) the products were not received until the expiry of the acceptance period established by the bank; c) the prices or tariffs on the basis of which the payment amount was established are higher than the legal ones or the payment amount has been erroneously established; d) the contractual clauses regarding quantity, quality, delivery time, as well as other contractual clauses are not respected; e) the documents provided for in the contract have not been received, without which the products cannot be received, used, capitalized or invoiced at the external; f) the amount claimed is not due. + Article 135 Economic units that deliver products, perform works or provide services are in the right to claim their customers, who repeatedly delay the payment and create financial hardships, to provide them in advance the necessary amounts to make payments. In such situations, banks are authorized that, at the request of suppliers, they will give relationships regarding the payment possibilities of customers. If the beneficiaries do not provide in advance the amounts necessary for the payments, the suppliers may suspend the deliveries of the products, the works or the service supplies, which shall be 30 days before the application of this measure. the beneficiary and its superior hierarchical organ. + Article 136 The settlement instruments issued by the creditor and for which the debtor accepted the payment, as well as those issued by the debtor in favor of the creditor, are, in the bank settlement reports, enforceable securities, on the basis of which the payment operations are made between the socialist units. + Article 137 Socialist units are obliged to take measures to ensure a permanent balance between payments and receipts. Payments from the accounts of the socialist units shall be made subject to the availability of the approved accounts and credits. After the depletion of these funds, the payments shall be made within the limits of the receipts, a) payments of salaries and other assimilated payments; b) payments to the budget, the payments from benefits to the higher hierarchical body, the points for financing investments and payments for insurance premiums; c) payments for deliveries of goods, works and service supplies; d) reimbursement of bank loans due; e) other payments. The amounts for payment of prizes in the form of gratification will be issued only after the other payments are made. + Article 138 At the agricultural production cooperatives and the intercooperative associations, in the case of the depletion of approved loans and the lack of availability, the payments shall be made within the limits of the receipts, in the following order: a) repayment of due bank loans; b) payments for the retribution into money of work and other assimilated rights; c) payments to the state budget; d) payments for deliveries of goods, works of works and services, contribution to the Pension and social security, as well as insurance premiums; e) the procurement for the economic and social development fund and other funds that are constituted according to the status of the agricultural cooperatives of production and the regulation of operation of the intercooperative associations; f) other payments. + Article 139 Within the same category provided for in the order of payments of art. 137 and 138, payments shall be made in chronological order of payment periods, and if they have the same payment term, in the order in which they are listed in these texts. The amounts due by way of accessory shall be paid in the same order as the main claim. + Article 140 Deliveries of goods, works and supplies of services for agricultural production cooperatives and inter-cooperative associations shall be made only after the units concerned have ensured the payment possibilities of these cooperatives and Associations. + Article 141 The economic units are obliged to organize in conditions as good as possible the activity related to the sale, billing, preparation of settlement documents and their submission to the banking units, respectively the reception of goods, works or services for the timely settlement of their consideration and acceleration of the speed of movement of money. In the foreign trade activity, the economic units must take all necessary measures for the use of the most appropriate settlement modality and for the inclusion in contracts of clauses to ensure the timely collection of the currency for exports made. + Chapter VII State Insurance + Article 142 State insurance contributes, by specific means, to the restoration of damaged or destroyed goods as a result of the calamities of nature and accidents, to the repair of damage to which insured persons respond according to the law, to the execution of provision and saving. + Article 143 State insurance includes branches of insurance of goods, persons and civil liability, in the form of insurance by the effect of the law or optional. Insurance through the effect of the law follows, with the urging of the insured, the satisfaction of the economic and social interest of the entire community in defending the national wealth, maintaining the continuity of the production process and protecting the victims accidents and their families. Optional insurance ends for goods, persons or risks not caught in insurance by the effect of the law or in addition to them. For insurance concluded with commitments in foreign currency, operations of disposals and receivations of risks and premiums in reinsurance shall be performed. + Article 144 Insurance reports are established between the State Insurance Administration, as an insurer, and state socialist units, cooperative organizations or other public organizations and individuals, as insured. In exchange for insurance premiums paid by the insured, in insurance by the effect of the law or optional, the insurer takes over the obligation to grant compensation or insured amounts in case of certain events. The categories of units, of goods and of persons who ensure, the risks, the premium rates, the insured amounts and the other insurance rules shall be established according to the legal provisions. The insurance reports established with the socialist state units envisage covering the damage caused by the insured events, the compensation granted to these units contributing to the maintenance of the continuity of the production process. Through the insurance reports with the cooperative organizations or with the other public organizations, it is aimed to protect the goods belonging to them, the compensation that is granted to these organizations contributing to the reunification of the public property. In the insurance reports with individuals, the restoration of goods, the coverage of some damage and the creation of additional means of provision in relation to events regarding the life and integrity of persons are considered. + Article 145 The insurance fund, consisting of the premium receipts from the insured, is used to pay the compensation and the insured amounts, to finance the actions to prevent and combat damage, to establish the statutory fund, the reserve fund in lei and in foreign currency, the reserve of premiums for insurance of persons, for the coverage of specific and general expenses of administration, as well as for other destinations provided by legal provisions. + Chapter VIII Keeping the population's money savings + Article 146 The state, through the House of Savings and Consemnations of the Socialist Republic of Romania, organizes and stimulates the preservation of the population's money savings. Operations to preserve the money savings of the population can also be carried out by other banking institutions, within the limits of the competences established by their organization and functioning statutes. + Article 147 The deposits of the population at the House of Savings and Consemnations and other banking institutions are guaranteed by the state, and the right of the holder on the holdings is protected by the law. Deposits of the population are not subject to prescription, shall be returned, upon request, to the holders of the depositors or their legal representatives, and in case of death of the holder, to the heirs. At the deposits of the population are granted interest established by legal provisions. + Article 148 The state ensures the secret of deposits. The workers of the House of Savings and Consemnations, of the units that perform operations for the House of Savings and Consemnations and of other banking institutions are required by law to keep the secret regarding the names of depositors and holders deposits, amounts saved and any other data in connection with the operations carried out in their name. Information data on the deposits and operations carried out shall be given, upon request, only to their holders and their legal representatives, and in criminal cases, to the prosecution bodies and to the courts, only after the setting in motion of criminal action against deposition holders. No other organ is entitled to such information. The violation of the provisions on the secret of operations constitutes the crime of disclosure of secrets on public interests, provided for and punished by art. 251 of the Criminal Code. + Article 149 Romanian citizens who bring down 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 the units authorized by it, under the conditions provided by law. The amounts in foreign currency that may be available, according to the law, shall be kept on the territory of the country in personal accounts with the National Bank of the Socialist Republic of Romania or at the Romanian Foreign Trade Bank. + Chapter IX State budget + Article 150 The state budget contributes to the achievement of the Romanian Communist Party's policy of rapid and balanced development of the national economy, of relentless lifting of the standard of living of the population. The state budget includes the centralized revenues of the state and their distribution in accordance with the objectives of the single national plan, to finance the development of the national economy, social-cultural actions, defense of the country and other needs of society. + Article 151 The state budget shall be drawn up annually. The budget year begins on 1 January and ends on 31 December. The state budget ensures the balance between income and expenses. + Article 152 State budget revenues consist of: a) income from state socialist units; b) incomes and other receipts related to the state social insurance budget; c) taxes and fees paid by the cooperative organizations and economic units of the other public organizations; d) customs duties; e) taxes and fees from the population; f) other income. Corresponding to the socialist production relations steadfastened in our country and the permanent increase of the production forces, the revenues of the state budget come mostly from the socialist economy. The revenue assessments entered in the state budget are minimum tasks to be carried out. + Article 153 The state socialist units are obliged to pay, as the case may be, some of the benefits realized, the tax on the movement of goods or other taxes and duties imposed by legal provisions. + Article 154 State socialist units, as well as other categories of payers owe, according to legal provisions, contributions for state social insurance. + Article 155 The cooperative organizations and economic units of the other public organizations are obliged to pay to the state budget the established taxes and fees, corresponding to the income they make, to the goods they own or to other criteria provided by law. + Article 156 The population participates in the formation of state budget revenues by paying taxes and fees provided by law. The tax and tax system ensures the differentiated participation of the population in the formation of state revenues, depending on the nature and level of income, the size of wealth, the contributory capacity of payers, the principle of socialist equity in the sphere of population incomes. + Article 157 Any amount that is due to the state is made to the budget, if the legal provisions do not provide otherwise. In case of non-payment of the amounts to be paid to the state budget by the socialist units, the financial-banking bodies have the right to order their transfer to the budget from the accounts of the respective units. The collection to the state budget of the amounts due and unpaid to the term by individuals, as well as by legal entities, other than those of the previous paragraph, shall be made by the application of the enforcement measures provided by law. + Article 158 Non-compliance with the deadlines for the payment of the amounts due to the state budget attracts the obligation to calculate and collect the increases of delay. The Council of Ministers will determine the amount of the increase, in cases when it is not provided in the normative acts according to which the respective amounts are due. Late increases will not be able to exceed the debit due, if the law does not provide otherwise. + Article 159 State budget expenditures shall be made in accordance with the objectives of the single national plan. From the state budget, expenses are made for: a) financing of the national economy, including: objectives and actions financed by economic and social development funds, namely productive investments, coverage of the necessary means of economic units, constitution state reserves, the development of the material base of the social-cultural units and for other purposes provided by legal provisions; other objectives or actions of an economic nature; b) realization of social-cultural actions; c) the granting of pensions and the realization of other actions from the state social insurance budget; d) defending the country; e) the functioning of state power bodies, state administration bodies, judicial bodies and prosecutor's offices; f) the realization of other actions and tasks provided by legal provisions. + Article 160 No expense can be entered in the state budget or made of it if there are no legal provisions for such expenses. + Article 161 The amounts approved by the state budget, within the limits of which expenses can be made, represent budget credits, which cannot be exceeded. The state socialist units respond to the use of funds received from the state budget, to spend them with maximum economic and social utility, to comply with the plan and financial discipline. + Article 162 Revenue and expenditure shall be entered in the state budget in the order established by the budget classification. + Article 163 The establishment and use of financial means belonging to the state outside the budget can be made only under the conditions established by legal provisions. + Article 164 The state budget consists of the Republican budget and local budgets. A. Content of the Republican + Article 165 The Republican budget focuses the main part of the budget fund and is administered by the central state bodies. The budget of the Great National Assembly is also part of the Republican budget. The Republican budget also includes the state social insurance budget. + Article 166 The revenues of the Republican budget are made up of resources from the socialist state units of republican interest, as well as from taxes and fees from the population and other incomes established by law as resources of this budget. The Republican budget also flows the income pluses from the centralized budgets of the counties, respectively of the city of Bucharest, to which their own incomes exceed the planned expenses, in the amount established by the law state budget. + Article 167 The Republican budget provides the necessary financial means for objectives and actions that are financed from the central economic and social development fund, for other objectives and actions of an economic nature, for the social-cultural actions that is carried out through the socialist state units of republican interest, for the expenses of maintenance and operation of central bodies of state power, central bodies of state administration, judicial bodies and those of the prosecution, the defence of the country and other destinations provided for by legal provisions. + Article 168 From the income of the Republican budget can be assigned shares broken down by centralized budgets of counties that cannot fully cover their planned expenses with their own income. If the necessary income is not provided either on this path, the difference to the level of the planned expenses is covered from the Republican budget. The broken shares, as well as the subsidies that are granted from the Republican budget in addition to the own incomes of the local budgets, are provided for each county by the law on the adoption of the state budget. + Article 169 The Republican budget also includes the reserve fund at the disposal of the Council of Ministers, which is used to supplement, in justified cases, credits approved by the state budget in order to finance, according to the legal provisions, of new actions or tasks during the year. B. Content of local budgets + Article 170 Local budgets are the budgets of administrative-territorial units. Each commune, city, municipality, sector of Bucharest, counties as well as the city of Bucharest has its own budget, which is adopted by the popular council of the respective administrative-territorial unit, under the conditions of this law. + Article 171 The incomes of the budgets of communes, cities, municipalities, sectors of Bucharest, counties and Bucharest municipality consist of resources from the state socialist units of local interest, taxes and fees paid by cooperative organizations and economic units of the other public organizations, taxes from the population, local taxes and other income established by law as resources of these budgets. The local authorities of state power and local bodies of the state administration must take measures for the continuous development of the activity of economic units of local interest in order to increase the own revenue base, to ensure, on this path, balancing local budgets. + Article 172 From the budgets of communes, cities, municipalities, sectors of Bucharest, counties and Bucharest municipality are financed, in accordance with the provisions of plan, objectives and economic actions, social-cultural actions, maintenance and operation of local bodies of state power, local bodies of state administration and other objectives provided by legal provisions. + Article 173 The distribution of incomes and, expenses by categories of local budgets is made by the executive committees of the county folk councils and the city of Bucharest, based on the legal norms and according to the duties of the local bodies and subordinate units. + Article 174 In situations where the expenses provided in the budgets of some municipalities, sectors of the city of Bucharest, cities or communes cannot be fully covered by their own incomes, for the balancing of the respective local budgets broken down by the income of the Republican budget collected on the territory of the administrative-territorial unit in question, or subsidies from the budget of the superior hierarchical administrative The shares broken down from the income of the Republican budget that are available to the municipalities, the sectors of Bucharest, the cities or communes are established by the county and county councils, within the limits of the approved amounts by the counties and the city of Bucharest by the law adopting the budget. In the case of municipalities, sectors of Bucharest, cities or communes whose own incomes exceed the planned expenses, the corresponding differences shall be paid to the budget of the upper hierarchical administrative-territorial unit. + Article 175 The counties, the city of Bucharest, as well as the municipalities and cities that have in their composition and other localities also draw up centralized budgets. In these centralized budgets are included both the own budget of the respective administrative-territorial unit, as well as the budgets of the communes, cities, municipalities and sectors of Bucharest, lower hierarchical, as the case may be. + Article 176 In the budgets of the counties and the city of Bucharest, reserve funds are registered at the disposal of the executive committees of the respective folk councils, which can be used under the present law for the supplementation of approved budget credits through local budgets, in order to finance new actions or tasks during the year. If, during the year, the budget reserve funds become insufficient to finance new actions or tasks, and the executive committees of the popular councils find some availability of budget credits, which are no longer necessary by the end of the year for the performance of the planned tasks, the budgetary reserve funds may be increased with these availabilities up to no more than 50 percent of their initial amount approved by the budget. Budget appropriations from: expenditure on salaries and social security contributions, funds for centralised investments and capital repairs cannot be used with this destination, the expenditure for which, through the provisions legal, special sources of financing are established, the expenses for whose coverage were granted additional from the reserve fund at the disposal of the Council of Ministers, as well as the availabilities of the budget credits that, according to the present laws, veers to the reserve fund at the disposal of the Council of Ministers. C. Elaboration, adoption and execution of the state budget; + Article 177 The draft state budget is drawn up on the basis of the projects of the financial plans of the ministries and other central state bodies, as well as the projects of local budgets. The collective management bodies of the ministries and other central bodies shall ensure the development of the projects of financial plans on the basis of the projects of the financial plans of the subordinated units and of the activity. The executive committees of the folk councils develop the projects of local budgets, based on the projects of the financial plans of the directly subordinated units, as well as the projects of the budgets of the competent administrative-territorial + Article 178 The ministries and other central state bodies transmit to the Ministry of Finance their projects of financial plans, which include the financial indicators, both on the whole of the activity and on industrial plants and units assimilated to them. The executive committees of the county folk councils and the city of Bucharest transmit to the Ministry of Finance the projects of the centralized budgets of the respective administrative-territorial units, as well as the projects branches of activity of the local economy and for units directly subordinated to the executive committees of the popular councils. + Article 179 The Ministry of Finance improves the proposals of financial indicators presented by the ministries, the other central state bodies and the executive committees of the county folk councils and the city of Bucharest, together with representatives of to them, taking into account their own analyses and calculations regarding the level of revenues and expenditures of the state budget, the conclusions drawn from the controls carried out on the activity of the state socialist units. + Article 180 In order to finalize the draft state budget, the Council of Ministers examines the works presented by the Ministry of Finance, bringing improvements to financial indicators and solving possible divergences between the Ministry of Finance and the holders of the plan on the figures proposed to be entered in the budget. The draft state budget, prepared by the Council of Ministers, after its examination by the Supreme Council of Economic and Social Development, presents itself for the adoption of the Great National Assembly. + Article 181 The Great National Assembly adopts the state budget law that includes: the volume of state budget revenues and expenditures, with the breakdown on the Republican budget and local budgets, and within the latter, on each county and municipality Bucharest, as well as the volume of main categories of income and expenses + Article 182 After the adoption of the state budget law, the Council of Ministers carries out the financial indicators on ministries and other central state bodies, on executive committees of the county and county councils of Bucharest and establishes the measures to be taken in order to meet the state budget in good terms. + Article 183 The projects of the budgets of the counties and of the city of Bucharest, improved on the basis of the annual state budget law and the indicators approved by the Council of Ministers, are presented by the executive committees for the adoption of the popular councils. The county folk councils and the city of Bucharest adopt the centralized budget of the respective administrative-territorial unit, with the distribution of incomes and expenses on the budgets of the component administrative-territorial units, own, as well as the balancing resources on administrative-territorial units, or the amounts to be collected from the lower hierarchical administrative-territorial budgets, as the case may be. The popular councils of the communes, cities, municipalities and sectors of Bucharest adopt, within the limits established by the higher hierarchical folk councils, the respective local budgets. + Article 184 The revenues and expenses provided for in the state budget shall be distributed by quarters, depending on the plan tasks carried out by the Council of Ministers and by the legal deadlines for the payment of income and for making payments. The distribution by quarters of revenue and expenditure shall be approved by: a) Ministry of Finance, for the Republican budget, at the proposal of ministries and other central state bodies. Also, the Ministry of Finance approves the distribution by quarters of the income raises provided to be paid to the Republican budget by the budgets of the counties, respectively of the city of Bucharest, to which their own incomes exceed the expenses planned, as well as subsidies that are granted from the Republican budget to local budgets. b) the executive committees of the popular councils, for the own budgets of the respective administrative-territorial units, as well as for the subsidies provided to be granted or the amounts taken from the local budgets of the units lower hierarchical administrative-territorial; c) the principal authorising officers, for the financial plans of the subordinated units. + Article 185 The distribution by quarters of state budget revenues and expenditures may change when changes occur in the stagnation of plan tasks, change the legal deadlines for the shedding of income or make payments, as well as in other duly justified cases, according to legal provisions. + Article 186 The budget credits approved by the Republican budget can be used only after the opening of credits or the supply of funds by the Ministry of Finance, and those registered in the local budgets, within the limits of availability Those appropriations. The granting of funds from the budget is made within the limits of the amounts and according to the approved destination, in relation to the degree of use of the resources made available previously and in compliance with the legal provisions governing the That. + Article 187 It is forbidden to make payments directly from the revenues collected for the budget, except when the legal provisions provide otherwise. Any expenses from the amounts received from the state budget may be approved by the authorising officer and carried out only if it was, in advance, approved, according to the law, by the head of the financial-accounting department or other persons pregnant with the exercise of preventive control from socialist units, as well as other organs with such duties in the economy. + Article 188 Principal authorising officers of the republican budget and t ministers and heads of the other central state bodies. Chief authorising officers of local budgets are the chairmen of the executive committees of the popular councils. The heads of state socialist units with legal personality financed from the republican or local budget are, as the case may be, secondary or tertiary orderers. + Article 189 The principal authorising officers may approve the expenditure only in compliance with the legal provisions and within the limits of the financial plans of the institutions they lead and have the right to apportion, in relation to the plan tasks and the the degree of use of amounts already granted, budget credits to the lower hierarchical units Secondary officers have the right to use, according to the destination and in compliance with the legal norms, the approved budget credits for the units they run and to allocate budget credits to the subordinate units whose leaders are Tertiary officers. Tertiary officers use the budget credits assigned to them only for the needs of the units they run, according to the approved financial plans and under the conditions established by the legal provisions. + Article 190 The principal authorising officers may delegate the right to approve the use and distribution of budgetary appropriations to their rightful substitutes and to the heads of the directorates, heads of the local specialized bodies of the state administration or of the other similar units, as appropriate. + Article 191 Ministers, heads of the other central state bodies, chairmen of the executive committees of the popular councils, as well as the heads of subordinate state units, are responsible for the use of the amounts received from the budget, the integrity of the goods entrusted to the establishment they lead, the keeping up to date of the accounting and the presentation of the accounting statements on the budget execution. + Article 192 During the execution of the state budget, the ministers and heads of the other central state bodies, as well as the presidents of the executive committees of the county folk councils and the city of Bucharest, have the obligation that, when they make proposals elaboration of normative acts whose application attracts the reduction of incomes or the increase of the expenses established by the state budget, to provide for the means necessary to compensate the income or to cover the expenditure sport. + Article 193 In the spending plans of ministries and other central state bodies, in local budgets, as well as in the spending plans of units subordinated to them, credit transfers can be made, starting with the second quarter of each year, with the following conditions. a) be close before the expenses are committed; b) the availabilities used must not come from the budgetary appropriations provided for salaries and contributions for social security, centralized investments and capital repairs, from the amounts made available from the budget reserve funds or from other funds the destination of which has been established by legal provisions; c) not to increase the approved budget credits for the maintenance and functioning of state bodies; d) not to increase the amounts provided in the budget for the completion of the own resources of some state institutions, except in situations where, on the basis of legal approvals, the salary fund of them is supplemented. + Article 194 The transfers of budgetary claims shall be approved by: a) The Ministry of Finance, in cases where passes of units, shares or tasks from one plan holder to another take place, as well as in situations where credit transfers are carried out from one chapter to another of the budget classification; b) the ministers and heads of the other central state bodies, for the transfers of budgetary appropriations from one subchapter to another within the same chapter, as well as from one article to another, within the same subchapter of the budget classification; c) executive committees of the popular councils of the counties, of the city of Bucharest, of the municipalities, of the sectors of Bucharest, of cities and communes, for the transfers of budget credits from one subchapter of expenditure to another, within the framework the same chapter of the budget classification; d) the chairpersons of the executive committees of the popular councils, for the turns from one article to another, within the same subchapter of the budget classification. + Article 195 If it is increased, according to the legal provisions, the planned salary fund, the budget credits for salaries, including the contribution for social security, can be supplemented by turns from other categories of expenses, with the exception of centralised investment financing. When the plan of centralized investments is increased according to the legal provisions, the budget credits with this destination can also be supplemented, by turns from any other category of expenses, except for the salary and social security contribution. + Article 196 The remaining budgetary appropriations not used at the end of the first, second and third quarters shall be blocked, except those for the destinations of the central fund and the local fund of the administrative-territorial units of economic and social development or for other objectives and actions of an economic nature. The Ministry of Finance, for the units financed from the Republican budget, and the executive committees of the popular councils, for the units financed from the local budgets, can approve the use in the next quarter of the budget appropriations The first, second and third quarters, at the justified request of the principal authorising officers of the republican budget, respectively of the authorising officers of the local budgets. The availability of the budget appropriations for salaries, established according to the legal provisions, shall be passed to the budget reserve fund at the disposal of the Council of Ministers. In the same way it is done with: the blocked availability from the budget credits for which it was not requested or received, within 45 days from the end of the quarter, the approval of use in the next period; during the year as a result of the non-realisation of objectives or plan tasks that were the basis for the approval of the budget funds. + Article 197 The budgetary reserve funds at the disposal of the executive committees of the county folk councils and the city of Bucharest, constituted according to art. 176, may be used for the new actions or tasks of the nature of those included in the local economic and social development fund or in the other parts of the budget, in the proportions established for them by the annual budgets. In duly justified cases, the works financed from the budget reserve fund at the disposal of the executive committees of the county folk councils and the city of Bucharest, unfinished by the end of the year, will also be covered in the following year on account of the budgetary reserve fund. The employment of these funds can be made starting with the second quarter, after the conclusion of the accounting account for the 1st quarter, if at the date of employment were fully realized the own revenues planned during that period on the county or on the municipality Bucharest, as the case may be, and if the necessary conditions are provided for these incomes to be realized throughout the year. To cover expenses related to the restoration of destroyed or degraded works, as a consequence of calamities of nature produced in the first quarter of the year, as well as for the further work provided for in paragraph 2, the committees executive of the county folk councils and the city of Bucharest can hire the budget reserve funds even in that quarter. It is forbidden to commit expenses by the executive committees of the popular councils from the budget reserve funds approved in the local budgets for the restoration of improperly executed construction-assembly works, the increase of subsidies for planned losses, as well as for the supplementation of maintenance and operation expenses of the local bodies of the state administration, except for capital repairs with an urgent nature at the buildings used for the activities administrative and work of connections and other installations. In the event of non-fulfilment of the planned own income on the total county, the budget reserve fund that can be used shall be reduced by the equivalent of the unrealized revenues at the date of the commitment + Article 198 In order to cover the temporary gaps published during the year between the expenses and incomes of the budgets of the communes, cities, municipalities and sectors of Bucharest, the executive committees of the popular councils of the units Superior hierarchical administrative-territorial may grant loans from the available resources of their budgets. The right to approve these loans may be delegated by the executive committees of the popular boards to the principal authorising officers or their rightful replacements. If the respective gaps also occur at the level of the budgets of the counties and the city of Bucharest, their temporary coverage can be made by granting loans from the available resources of the Republican budget, by the Ministry Finance, at the justified request of the executive committees of the popular councils. + Article 199 The executive committees of the popular councils can use the amounts collected from their own income of local budgets above those planned, only from the third quarter of the plan year, to cover some economic expenses and the achievement of certain social-cultural actions, introducing appropriate changes in local budgets under the following conditions: -exceeding the receipts to be made on the totality of their own incomes planned in the respective local budget and to remain until the end of the year; -the income pluses should come from the activity of the plan year and not be the result of changes in the legislation or certain underassessments found by the bodies of the Ministry of Finance or other bodies with control powers. Changes made in local budgets according to the provisions of this article are subject to the ratification of popular councils, at the first session of them. + Article 200 The executive committees of popular councils can cancel decisions of executive committees of lower hierarchical folk councils, through which they have been approved, without complying with legal norms, additional income and expenditure plans, transfers of credits, changes in quarterly allowances or other changes in spending plans or in local budgets. + Article 201 The budget appropriations remaining unused at the end of the budget year shall be cancelled by the effect Any amount due, but not paid from the budget, as well as any amount due but not collected to the budget until December 31, is paid, respectively, it is collected, in the budget account for the next year. In exceptional cases, the Council of Ministers may approve some expenses, after the end of the budget year, from the budget of the expired year for executed operations, but not settled until the end of the year. + Article 202 The surplus of the Republican budget is used for economic and social-cultural actions or for other actions, under the conditions established by law, or as a credit resource of the national economy. The annual balances of local budgets are expected as income in those budgets for the next year. Any differences resulting in addition or minus after the end of the budget year, compared to the balances provided in the local budgets, shall be regularized with the Republican budget, with the exceptions provided by the legal provisions. + Article 203 On the basis of the accounting statements presented by the ministries, the other central state bodies and the executive committees of the county folk councils and the city of Bucharest, and following their verification and analysis, the Ministry of Finance develop the work on the general account for the closure of the budget year, which it presents to the Council of Ministers. + Article 204 The Council of Ministers analyzes the works submitted by the Ministry of Finance and draws up the closing account of the budget year, which it presents, after its examination by the Supreme Council of Economic and Social Development, for adoption Great National Assembly. + Article 205 The Grand National Assembly shall adopt the general account for the closing of the budgetary year, at the latest by the end of the year following that to which it relates. Similarly, the People's Boards approve the general accounts to end the exercise of local budgets, drawn up by the respective executive committees. + Chapter X Duties and responsibilities in the elaboration and execution of the state budget and other financial plans + Article 206 The Council of Ministers, supreme body of the state administration, exercises the general management of the executive activity in the field of finance, is responsible for the elaboration of the draft state budget, as well as its realization after its adoption by Great National Assembly. in the exercise of its duties, the Council of Ministers shall periodically examine the financial situation on the economy and branches or sectors of activity, the implementation of the state budget and the other financial plans, setting out measures for financial, monetary and currency balance, for the continuous strengthening of the role of finance and credit in the economy, approve the loan plans and the house. + Article 207 The Ministry of Finance performs the party and state policy in the field of finance and acts to ensure the financial, monetary and currency balance of the country. At the heart of the Ministry of Finance's activity must be the concern for the continued growth of efficiency in He must organize and exercise rigorous control to determine the rational use of funds in each socialist unit, in order to prevent the illegal and non-economic spending of funds. + Article 208 The Ministry of Finance has the following tasks, responding to their fulfilment: a) prepare the works on the elaboration of the draft state budget; follow and control the execution in good conditions of the state budget; guide and control the preparation and execution of the financial plans of the socialist units; proposes, as the case may be, measures to remove deviations and strengthen the discipline of plan and financial; b) elaborates, in collaboration with the State Planning Committee, the centralized financial plan; participates in the elaboration of the five-year and annual economic-social development forecasts and plans of the country; c) collaborates with the central synthesis bodies when developing and tracking the execution of the balance of incomes and money expenditures of the population, the balance of foreign payments and other foreign exchange plans, as well as the loan and house plans; d) exercise, according to the law, on behalf of the state and to defend its interests, control over the economic and financial activity of ministries, other central state bodies, banking institutions, executive committees of councils popular, industrial plants and units assimilated to them, enterprises, as well as other socialist units; e) analyze and endorse, together with the State Planning Committee and the financing bank, the technical and economic indicators for investments that, according to the legal provisions, fall within the competence of approval of the Council of Ministers; f) organizes, directs and controls the establishment and collection of state revenues due by socialist units; directs and controls the way of determining taxes, identifying incomes and collecting taxes and fees from the population; g) draw up accounting reports on the execution of the state budget and develop the works on the preparation of the general account for the conclusion of the budget year; h) elaborates, on the basis and in order to execute legal provisions, methodological norms on financial planning, execution of the state budget, establishment and collection of state revenues, bookkeeping of state institutions and economic units, financial control; establishes the budget classification of revenue and expenditure; i) act for the improvement of financial planning, for the promotion of modern methods of calculation and analysis, for the rationalization and improvement of financial-accounting work; j) participate in external negotiations on financial-currency issues, payments, and economic cooperation, as well as international organizations of a financial nature; k) represents the state as a subject of rights and obligations before arbitral, judicial bodies, as well as in any other situations in which it participates directly in its own name, to legal relations, in cases where the law does not establish, in this purpose, another organ; l) also fulfils the other duties provided for in its law on organization and functioning or in other legal provisions. + Article 209 The Ministry of Finance participates together with the Central Statistics Directorate, the State Planning Committee, the Ministry of Technical-Materials Supply and Management Control of Fixed Funds, banks and other central bodies interested in the organisation of the general evidence of national wealth. + Article 210 The Ministry of Finance, together with the State Planning Committee, the Central Statistics Directorate, the banks, the other central synthesis bodies and the ministries, systematically analyze, based on the accounting balance sheets, the results of the activity on the whole economy, branches and sectors of activity, volume and structure of stocks and take or propose measures to improve the economic and financial situation of socialist units. + Article 211 The National Bank of the Socialist Republic of Romania, the Bank for Agriculture and Food Industry, the Investment Bank and the Romanian Foreign Trade Bank, as state bodies, perform the party and state policy in the monetary and credit fields, according to the provisions of the present law and their laws and statutes of organization and functioning. + Article 212 Banks, managing an important part of the company's money funds, organizing payments between socialist units, lending to the economy and state budget execution, have the obligation to control, on behalf of the state and to defend its interests, how to build money funds and keep track of them, how the material and money means are used by socialist units and to take measures for full and term collection of the rights in lei and in foreign currency of the state, as well as for their economic use. They must continuously improve credit and payment relations with economic units and contribute to the proper functioning of the economic mechanism, to increase efficiency in the economy. Banks act to carry out the tasks arising from the loan and home plans and to frame the money circulation within the approved limits. They will release funds only within the limits of approved plans and in compliance with legal provisions. + Article 213 The National Bank of the Socialist Republic of Romania, as a central bank and issue, has the following tasks, responding to their performance: a) exercise in its sphere of activity, control over the fulfilment, by economic units of production plans, of movement of goods and financial, as well as on the use of circulating means, taking operative measures for strengthening the discipline in the field of credit and settlements; b) issue and put into circulation bank tickets and coins, according to the legal provisions; c) organize and coordinate the monetary circulation, as well as the activity on short-term lending and settlements, in close accordance with the requirements of the development of the national economy; from the sphere of money circulation and credit, in the process of carrying out the plan, acting to ensure the normal evolution of money circulation and credits; d) perform credit operations, settlements and other banking operations for economic units with bank accounts, as well as control of the use of the salary fund; e) organizes and performs the operations on the execution of the state budget, based on the norms given with the consent of the Ministry of Finance; controls and pursues the realization of state revenues; the performance of expenditure; f) elaborates, together with the State Planning Committee, the Ministry of Finance and specialized banks, the draft credits and house plans on economy, based on the tasks provided for in the single national plan and the state budget, of the analyses carried out with ministries, other central bodies and economic units; g) grants to specialized banks credits in filling their funds and follows the way of managing these funds; h) participates in the elaboration of the balance of external payments and the pursuit of its realization; establishes, according to the legal provisions, the exchange rate in lei of foreign currencies and organizes the currency exchange; precious and perform the operations with precious metals; i) participate in international organizations or meetings with financial-monetary character; conclude with banks and foreign financial institutions payment agreements, contracts having as object the receipt or granting of credits, yes and receives guarantees for payment arrangements abroad, in accordance with the provisions of the plan; j) also meets the other duties provided for in the organization law and the status of operation. + Article 214 The Bank for Agriculture and Food Industry, as a specialized bank for financing and lending investments and for lending to the production and circulation of goods from agriculture, food industry and the water sector, has the following tasks, responding to their performance: a) exercise control over the fulfilment of the production and financial plans, the realization of the investment plan, the use of production capacities, own means and borrowed by the socialist units with account at this bank; control at the socialist agricultural units the efficient use of the land and labor fund, in order to determine them to obtain the increase of plant and animal production, the reduction of production expenses and the provision of a increased profitability of agriculture; b) perform operations of credit production, technical-material supply and recovery of agricultural products, settlement operations, as well as other bank operations for account holders; c) analyzes and endorses, in its sphere of activity, the economic efficiency indicators for investments in the approval competence of ministries and units subordinated to them; analyzes and endorses together with the Ministry of Finance and The State Committee of Planning the technical and economic indicators for investments that, according to the legal provisions, fall within the competence of approval of the Council of Ministers; d) organize and carry out, within the plan and within the limit of approved technical-economic documentation, the operations of financing and lending investments to the socialist units within its sphere of activity; investment funds and their use according to the intended purpose; e) exercise, in its sphere of activity, according to the legal provisions, the control of the use of the salary fund, controls and pursues the realization of state revenues; performs operations on the state budget execution; f) exercise, on the basis of convention, the background control of the management of agricultural cooperatives of production, as a mandate of the National Union of Agricultural Cooperatives of Production; g) participate in international organizations or meetings with financial-monetary character; conclude contracts with the object of receiving or granting credits, as well as banking arrangements in the application of payment agreements, credit agreements and other financial-banking arrangements, in accordance with the provisions of the plan; h) also performs the other duties provided for in the organization law and the status of operation. + Article 215 Investment Bank, as a specialized bank to finance and credit investments in industry, construction, transport, telecommunications, movement of goods, communal household, social-cultural sector, state administration and other State organizations, craft cooperation and consumer cooperation have the following tasks, responding to their fulfilment: a) exercise control over the applications of funds of investment beneficiaries, construction units, drilling, geological prospections and design, following the use according to the norms and legal provisions of the funds put to their disposition; b) analyze and endorse, in its sphere of activity, the economic efficiency indicators for investments in the approval competence of ministries, other central bodies, executive committees of the county folk councils and of the municipality Bucharest, as well as the units subordinated to them; participate, with the Ministry of Finance, in the analysis and approval of the technical-economic indicators for investments that, according to the legal provisions, fall within the competence of approval of the of Ministers; c) organizes and performs, within the plan and within the limit of approved technical-economic documentation, the operations of financing and lending investments in the economic branches within its sphere of activity; investment and their use according to the intended purpose of the plan; d) perform credit operations, settlements and other banking operations for its account holders, control and pursue the realization of state revenues; exercise control over the use of the salary fund; perform operations on the execution of the state budget; e) control on the construction sites the fulfilment by the economic units of the investment plan and the commissioning, the use of production capacities at the construction organizations; control the measures taken by the beneficiaries and the builders for the preparation of the conditions for the commencement and execution of works, the delivery of machinery and technological installations, the insurance of materials and labour; f) participate in international organizations or meetings with financial-monetary character; conclude contracts with the object of receiving or granting credits, as well as banking arrangements in the application of payment agreements, credit agreements and other financial-banking arrangements, in accordance with the provisions of the plan; g) also performs the other duties provided for by the organization law and the operating status. + Article 216 The Romanian Foreign Trade Bank, as a specialized bank, performs the party and state policy in the field of payments, lending and bank-currency control on foreign operations. The Romanian Foreign Trade Bank has the following tasks, responding to their fulfilment: a) organize and carry out the proceeds and payments on foreign trade operations; administer the availabilities in foreign payment means; buy and sell in the country and abroad actual currencies, trade effects, as well as securities and foreign obligations; b) participate in the development of the balance of external payments and act for the smooth fulfilment of the foreign exchange plan; c) conclude banking arrangements in the application of payment agreements, credit agreements and other external financial arrangements, as well as correspondent arrangements with banks and foreign financial institutions; d) receive and grant credits, from and abroad; grant credits in foreign currency to the Romanian economic units with foreign trade activity; e) issues trade effects in favour of some beneficiaries abroad and accepts trade effects issued on it; it endorses and givers trade effects; yes and receives guarantees for payment arrangements abroad, in accordance with the provisions the plan; f) performs credit operations, settlements and other banking operations for economic units with account holder foreign trade activity; controls and pursues the realization of state revenues; exercises control over the use of the fund of salaries, as well as the currency control on the operations that are carried out through or; perform operations on the execution of the state budget; g) participate in international organizations with financial and banking character and organize their own representations abroad; carry out financial-banking cooperation actions; collaborate with specialized institutions in the country and abroad in problems specific to its activity; h) also performs the other duties provided for in the organization law and the status of operation. + Article 217 In the exercise of their duties, the National Bank of the Socialist Republic of Romania and the specialized banks shall develop, on the basis and in application of legal provisions, methodological norms on the planning and granting of credits for production the movement of goods, the financing and lending of investments, the making of cashless payments and cash operations, the performance of external settlements, the use of the salary fund and other banking operations. + Article 218 The House of Savings and Consemnations of the Socialist Republic of Romania, as a banking institution specialized in relations with the population, has the following duties, responding to their fulfillment: a) elaborates or proposes measures for the development of the economy spirit among the population and organizes the attraction of the money savings of the population; b) perform operations of receiving to preserve the money savings of the population, the recorded amounts and ensure the settlement of settlements in connection with these deposits; c) carry out operations to credit the population for the construction of personal property, as well as in other cases provided by law; d) perform operations on the execution of the state budget, and other operations of receipts and payments and ensure the banking service of the units and organizations that keep their money means in the accounts at C.E.C.; e) also performs the other duties provided for in the organization law and the status of operation. + Article 219 Credit cooperatives shall grant to the members of these organizations loans from their own funds, for the purposes and under the conditions provided by their status and other legal provisions. Credit cooperatives can perform-on the basis of conventions concluded mandate operations for other institutions. + Article 220 The State Insurance Administration shall have as its tasks the responsibility for which it responds, the organization of the activity of insurance of goods, persons and civil liability, the establishment or proposal of measures for the purpose of their continuous perfecting specific instruments and improving the service of insured persons, as well as other tasks provided by the law on organization and functioning. The State Insurance Administration has the right to verify the manner in which the insured goods are maintained, the way in which the measures to prevent and limit the damage are observed, as well as to denounce or modify the insurance contract optional, under the conditions laid down. + Article 221 The Financial-Banking Council periodically examines the phenomena and trends that arise in financial, monetary and foreign exchange problems, both internally and in relations with abroad. At the same time, this council elaborates studies and analyzes the possibilities of perfecting economic and financial pyramids for the living translation of the financial, monetary and foreign exchange policy of the party and the state, to increase efficiency economic in all sectors of activity, and strengthening the purchasing power of the national currency. The Financial-Banking Council is composed of managers of the Ministry of Finance, the National Bank of the Socialist Republic of Romania, the Bank for Agriculture and Food Industry, the Investment Bank, the Romanian Foreign Trade Bank, The House of Savings and Consemnations and the State Insurance Administration. The council also includes representatives of the State Planning Committee, the State Committee for Prices, the Ministry of Labour, the Ministry of Interior, the Ministry of Foreign Trade and the Central Statistics Directorate. In case of necessity, representatives of other ministries and central state bodies, as well as of the popular councils, can also be invited to the council meetings. The Financial-Banking Council trains, in the analyses and studies it does, the institutes of economic and financial research, the specialized bodies within the component institutions of the council, as well as specialist staff from Higher education institutes. The duties and manner of organization and functioning of the Financial-Banking Council shall be established by legal provisions. + Article 222 The Superior Court of Financial Control exercises preventive control and subsequent control over the use of funds, according to legal provisions, following the observance of party decisions and laws in the financial field, ensuring order and discipline in the administration of funds, defense of socialist property in order to strengthen economic management and increase efficiency in all fields of activity; establishes, according to the law, on the basis of own and other organs ' findings competence, patrimonial liability for damage to the obstesc property, as well as administrative liability for violating legal provisions of a financial nature. + Article 223 Ministries and other central state bodies, in the performance of their duties in the financial field, shall act and shall be responsible for: a) elaboration of financial plans, full implementation of approved tasks, legal and efficient use of funds, full and timely payment of the amounts due to the state, as well as for the results of economic activity and financial as a whole of the Ministry and each subordinate unit; b) analysis of accounting balance sheets and taking measures to continuously improve economic and financial activity and increase the contribution of branches to the economic and social development of the country; c) systematic exercise of control over the activity of subordinate units for the high efficiency use of the technical-material basis available to them; d) performance of other tasks provided by legal provisions. + Article 224 The executive committees of the county folk councils and the city of Bucharest, municipalities and sectors of Bucharest, cities and communes in carrying out their duties in the financial field, act and respond, as the case may be, by: a) the elaboration and execution in good conditions of the own budget and of the lower hierarchical administrative-territorial units; b) full implementation of the tasks from the financial plans of the subordinated units; establishment and legal and efficient use of the funds; c) organization, guidance and control of the activity of local specialized bodies regarding the establishment and collection of taxes, fees and other budgetary revenues; d) the systematic exercise of control over the economic and financial activity of the subordinate units in order to strengthen the financial and plan discipline and the defense of the obstesc; e) the analysis of the accounting balance sheets and the taking of measures for the continuous improvement of the economic and financial indicators of the subordinated units; f) performance of other tasks provided by the legal provisions. + Article 225 In carrying out tasks in the field of local finance, besides the executive committees of the county and county councils are organized as local and specialized bodies, financial administrations, which are subordinated and Ministry of Finance Financial administrations shall have the following tasks, responding to their performance: a) prepare the works on the elaboration of projects of local budgets; b) aim to execute in good conditions the local budgets, as well as the way in which the financial indicators are carried out by the local units, the use of funds with economy, according to the destination and within the established limits, in compliance with legal provisions; c) performs, according to the legal provisions, the imposition of taxpayers and establishes the premiums for insurance by law d) aim to collect all taxes, taxes and other incomes of local budgets, as well as premiums to insurance through the effect of the law; e) organize the financing operations and the records of the execution of local budgets; f) draw up reports on the execution of local budgets and develop the works on the account for the end of the budget year; g) participate in the elaboration of planning works in territorial aspect; h) directs and controls the activity of the local lower hierarchical specialized bodies; i) perform other duties, according to the legal provisions. Besides the executive committees of the municipal and city folk councils are organized, as the case may be, financial constituencies and financial services, which perform the tasks provided in the previous paragraph, adapted to their specificity. + Article 226 The revenues that are achieved above those established by the Republican budget can be used, during the year, with the approval of the Council of Ministers, to finance new tasks on the national economy and social-cultural actions. + Article 227 Industrial plants and units assimilated to them, state-owned enterprises, in fulfilling their obligations in the financial field, act and respond to: a) elaboration of financial plans, carrying out approved tasks, taking operative measures to solve problems, removing and preventing shortcomings that occur during the execution of the plan, permanently ensuring that the activity is efficiency, permanent maintenance of payment capacity, fulfilment of obligations to the state, banks and higher hierarchical bodies; b) the use, in compliance with the laws and in accordance with the provisions of the plan, of the material and labor resources, of the production and investment funds, ensuring the permanent reduction of the production expenses and especially of the materials, the continuous strengthening of economic management, the creation of resources necessary for its own development and those for the central fund and local economic and social development funds; c) the organization of accounting records and the exercise of rigorous financial control over the manner in which the laws and decisions are applied, the provisions of the higher hierarchical bodies and their own decisions, to strengthen the responsibility, order and discipline in the management of material and money means; d) the performance of the other duties established by the law on the organization and management of the state socialist units and by other legal provisions. + Article 228 The collective governing bodies of the state socialist units-the general assembly of working people, the working people's committee, the council of working people-ensure the direct participation of working people in the debate and resolution important economic and financial problems of the unit and are responsible for the development and delivery of the necessary measures for the performance of the plan tasks The committees and councils of working people are required to present before the general assembly of working people the analysis of activity on the basis of balance sheet, economic and financial situation of the unit, tasks and objectives for the next period and organisational and technical measures to achieve them. + Article 229 The head of the state socialist unit, In appointment, takes over the responsibility of the management of the patrimony entrusted by the state, assuming by contract the commitment and the responsibility to manage carefully and efficiently and to develop the means materials and money of the unit. The head of the unit responds, according to the law, to the state and to the collective of employees of the unit, to the judicious organization of the entire activity of the unit, to the taking of measures to ensure the integrity of the public and good management of material and monetary resources, for the full and timely fulfillment of plan tasks, speeding up the speed of rotation of funds and preventing the formation of fish stocks necessary, as well as compliance with the rules on discipline of the plan, contractual and financial. + Article 230 The head of the financial-accounting department shall be responsible for the financial and accounting activity, for which purpose: a) ensure, in accordance with the legal provisions, the preparation of financial planning works, the performance of the analysis of production and circulation expenses, the use of circulating means and the other funds and take or propose measures, where appropriate, to increase the profitability and to fulfil the financial obligations of the establishment; b) organize accounting and accounting balance sheets; c) ensure the performance of the duties of the financial-accounting department for preserving the integrity of the public property and those with regard to preventive control and current operative control and analysis on the basis of the results the activity of the establishment; aims to set up the planned funds and to use them according to the destination, d) hire the unit by signature, together with the head of the unit, in all patrimonial operations, having the obligation to refuse, under the law, those that contravene the legal provisions. + Article 231 The heads of the supply, production, sale, organization of labor and other compartments, each in its sector of activity, have the obligation to concern themselves with increasing economic efficiency and respond, under the law, exceeding the production costs resulting from non-compliance with the legal provisions relating to consumer rules, stock levels, product quality and disposal, staff classification and salarisation, and other provisions which regulate economic activity. + Article 232 The oblibations that return to the head of the financial-accounting department, as well as to the heads of the other compartments, shall be entered in the contracts ending on their appointment, based on the provisions of this law and other provisions Legal. + Article 233 The heads of the socialist units, the other persons with management positions, as well as the subordinate staff, each on the basis of their established duties, shall be responsible, administrative or criminal, as appropriate, as well as civil or material, when not respect the oblibations of the provisions of this law and of the other legal provisions regarding the management of the patrimony and the defense of the integrity of the obstesc property. Disciplinary sanctions apply according to the provisions of labor law. Administrative sanctions apply according to the law on establishing and sanctioning contraventions and provisions governing contraventions to financial discipline, taxes, fees and insurance premiums through the effect of the law, as well as other legal provisions. In case of offence liability is committed under the terms of criminal law. If the facts of the above-mentioned employees have caused damage to the unit, the guilty respond, in case of crime, to the actual damage and unrealized benefits, according to the criminal law, and in the 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 is repealed Law no. 3/1949 on the preparation, execution and conclusion of the general budget of the Romanian People's Republic, Decree no. 265/1949 on the obligation of written contracts and regulation of payments between undertakings and economic organisations Decree no. 485/1954 concerning the authorization of the Ministry of Finance to approve additional financial plans, as well as any other provisions to the contrary. This law was voted on by the Grand National Assembly at its meeting on November 22, 1972, meeting out of the 428 votes cast, 426 votes in favour and 2 votes against. President of the Great National Assembly, STEFAN VOITEC Bucharest, November 22, 1972. Number 9 -------