Law No. 10 Of 29 January 1991 Law On Public Finance

Original Language Title:  LEGE nr. 10 din 29 ianuarie 1991 LEGE privind finanţele publice

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LAW No. 10 of 29 January 1991 law on public finance ISSUER PARLIAMENT Published in MONITORUL OFICIAL NR. 23 of 30 January 1991, the Romanian Parliament adopts this law.


Chapter 1 General provisions Article 1 the work on public finances include the development and execution of the public national budget, which includes the Central Administration of the State budget, local budgets and State social insurance budget, setting and levying of taxes, fees and other revenue of the State and use of funds of legislative power, judicial and executive. It also includes the control over the use of funds belonging to the autonomous public corporations, public institutions and social capital of commercial companies in the State.
Public institutions, within the meaning of this law, Romania's Presidency include the Government, ministries, other Central and local bodies of State administration, as well as State institutions subordinate to the central or local.


Article 2 the formation, administration and use of funds of the organs of the judicial power, legislative and executive are subject to the rules on public finances of this law.


Article 3, as Parliament's decision-making organ in the field of public finance, establishes and approves, by law, taxes, fees and other revenue of the State, and the rules and regulations for public institutions. Also, examine and approve the budget of the central State administration, State social insurance budget and control the execution of the annual general budget under the present law.


Article 4 the Government draft budget of Central State administration, State social insurance budget, and general account of the execution of the annual budget, and you submit to the Parliament for approval, and the approval shall be responsible for implementation of the budget. Also exercise the General management of the business executive in the field of public finance, which periodically examines the purpose accounts, execution of the public national budget, and establishes measures for improving the financial balance.
The Finance Ministry is responsible for drafting the budget of Central State administration, as well as its realization, after approval by the Parliament, taking measures to ensure financial equilibrium, the application of financial policy of government spending with efficient financial resources.


Article 5 in the elaboration and implementation of the budget of the Central Administration of the State social insurance budget and local budgets stand universalitatii, principles of balance and reality, the specifics of each budget.


Article 6 of the Central Administration of the State Budget, local budgets and the budgets of public institutions shall be approved as follows: a) Central State administration budget by Parliament;
  

b) county budgets, Bucharest, Bucharest sectors, municipalities, cities and municipalities, the local elected body;
  

(c) public institutions financed budgets) in whole or in part of the budgets; the a and b)), the hierarchical structure;
  

d) budgets of public institutions is financed entirely from extrabudgetary means by the governing body of the institution, with the opinion of the body.
  

Budgets; b)-(d)), as well as the budgets of all economic operators, social security systems and other units, which, by law, are required to draw up budgets, will be developed according to the methodology established by the Ministry of finance.


Article 7 the Senate Budgets, the Assembly of Deputies, Romania's Presidency, the Government and other public institutions that have not hierarchically superior organ shall be provided in the budget of the Central Administration of the State and is approved by Parliament along with it.


Article 8 of the State social security budget shall be independent of the Central Government budget and is approved by Parliament along with it.
The budgets of the other autonomous organs of social security is approved by their own governing bodies, with the opinion of the Ministry of social protection and the Ministry of finance.


Article 9 Public Revenues are made up of taxes, fees and other revenue law.


Article 10 establishment of public expenditure are considered the following: a) in the social field, the use of State financial resources for education, health and social security, ocrotiri, culture, art and sports, ecological protection and others, under the conditions laid down by law;
  

b) supporting priority research programmes, in particular fundamental;
  

c) economic facilities and other means established by law, the granting of subsidies, investment and other economic actions in the public interest, within the budgetary allocations set by annual budgets approved in accordance with the law;
  

d) ensuring the country's defense requirements and public order;
  

e) funding local and Central Administration of the State and other expenses provided for by the law.
  


Article 11 In the Central Administration of the State budget, the State social insurance budget and the local budgets cannot enroll and approve expenses without establishing resources to be carried out.
During the execution of the budget, where proposals are made for the preparation of normative acts whose scope attracts decreasing or increasing revenue expenditure targets set in the budget, the initiators are required to provide the necessary means of compensating revenue or spending increase coverage.


Article 12 Chapter 2 drafting, approval, execution and completion of the central State administration budget Article 13 income and expenses that are covered by the budget of the central State Administration will group: revenue and expenditure, ordinary and extraordinary, current expenditure and capital, specifying the nature of the revenue and expenditure and on the basis of the conduct of their budgetary clasificaţiei type developed by the Ministry of finance , to be published in the Official Gazette of Romania.
The budget will include Clasificatia type titles, chapters, articles, paragraphs and subsections, and paragraphs if necessary.
Chapters and articles of expenses will have a precise and limited.
Personal expenses will be presented as distinct from material costs.
It is prohibited to provide for expenditure category materials or to another category of expenditure personnel expenses such as: salaries, allowances, benefits and other such.
In the budget of the State Central Administration, under the conditions laid down by the Ministry of finance will provide income for a particular chapter, debris to be collected from closed, and exercises at the expense, in special cases, an article for sums due for the exercises.


Article 14 prohibits the expenditure of the budget of the Central Administration of the State by recourse to the monetary issue or through direct financing by banks.
Where the implementation of the budget of the central State administration appear temporary home goals, they may be covered by the collection of revenue on account of resources contained in the accounts of the State Treasury established by the Ministry of finance.
The law on approving the annual budget of the central State administration may authorize the Minister of finance, during the execution of the budget, if necessary and with the approval of the Government, to issue Treasury bills, bearing interest and whose due date shall not exceed the end of the financial year, in order to face up to State expenditure and receipt of revenue.
Treasury bills/bonds enters into circulation by purchasing them by economic agents and population.
Total Treasury bills bonds shall not exceed 8 per cent of the total approved budget.
The issuance of Treasury bills you can't do that in the first 10 months of the financial year, and their withdrawal must be made starting in December, without exceeding current financial year.


Article 15 in exceptional cases, by annual budgetary law is the National Bank of Romania has a loan without interest, to cover the costs of the Central Administration of the State budget, at the expense of normal lending resources of it without exceeding 10 per cent of the total approved budget. This loan is to be repaid within six months on account of the current budgetary revenues or loan of State carried out on the basis of a law.


Article 16 establishment and use of funds belonging to the State, besides the budget, it can be done by law.
In cases authorized by law shall constitute apart of the central State administration budget special funds, whose budget is approved by the Parliament as the annex to the budget of the central State administration.
Special funds budget execution is carried out according to the laws establishing these funds and the rules laid down in this law for the budget of the central State administration.


Article 17 In the Central Administration of the State budget shall be recorded and the budgetary reserve fund at the disposal of the Government, which is based on his decisions to supplement, where justified, of loans approved by the central State administration budget in order to finance, according to legal provisions, to new tasks or actions occurring during the year.


Article 18


Draft budget of the central State administration, ensure that the Ministry of finance, based on the budgets of ministries and other central organs of State and local budget projects.


Article 19 spending on investments of public institutions, as well as other investment expenditure, which is financed according to the law the budget of the central State administration, include this in the draft budget on the basis of the list of works, machinery, furniture and other objects, with deployment, both physically and as a volume value, elaborated by each Ministry or other organ of State and annexed to the budget of its own.
The list approved by the Ministry of finance, shall be approved by the main body of investment credits up to 75 million by the Government for investment over the limit.
Investment expenses include every chapter of the action is financed from the budget of the central State administration.
They will not be able to inscribe in the list of investment-construction works for which the date of 1 august of each year was not drafted and approved the documentation prescribed by law. Costs of design listed in public institutions are provided for investments and it support in the budget of the Chief authorising officer.
For your investment goals whose financial coverage ensuring, in their entirety or in addition, to the central State administration, technical and economic documentation is approved, with the prior consent of the Ministry of finance, by the Government for higher values of 500 million lei, by authorising officers for the main credits range from 100 to 500 million and the other authorising officers for values of up to 100 million lei.


Article 20 of the central State administration budget you can make transfers to territorial-administrative units, where they cannot cover their expenses from their own revenues set out in the conditions of the law.
Transfers are made from the budget of the central State administration, according to the preceding paragraph, shall be approved annually by law for each county and the city of Bucharest.
Proposals for transferring what is required by the counties and Bucharest will be included in the draft under consideration, which are submitted to the Ministry of finance throughout the County, namely Bucharest, accompanied by situation of administrative-territorial units to which the expenditure components are bigger than the revenues.


Article 21 ministries and other central State organs are obliged that, before June 1 of each year, the Ministry of finance to communicate any proposals for additional expenses or decreasing revenue for next year, compared with the current year.
Local authorities have the same obligation if the request to increase the transfers toward the current year.


Article 22 of the draft budget of the ministries, other central organs, as well as local budgets, projects are submitted to the Ministry of finance until latest 1 July each year.
The Ministry of finance will examine the draft budget and, within 10 days of receipt, request amendments necessary to establish the budgetary balance. In case of divergence, the acting Government.
The draft budget thus submitted to the Ministry of Finance before 1 September each year, and be accompanied by documentation of exposures detailed reasons, both for revenue and for expenditure.
The Ministry of finance, on the basis of the draft budget and budget or own, prepares the draft budget of the Central Administration of the State, which it submitted to the Government until 25 September each year, together with the draft budget.
After the appropriation of the draft budget by the Government, it shall submit it to the Parliament, the latest until October 10 of each year, accompanied by a report on the economic and financial situation of the country and its projection into next year, and the draft law on budget.
The budget is approved by Parliament at the latest on 31 December as a whole, chapters, and articles on other ministries and central organs of the State.


Article 23 the budgets of ministries and other central organs of State to include in the annexes to the budget of the State Central Administration. All revenue and expenditure of the budget of Central State administration bodies shall be provided in the budget of ministries and other central organs of State.
Transfers to be carried out for counties and Bucharest, and that all revenue and expenditure shall be pursued and is run by the Ministry of finance, shall be provided in the budget.


Article 24 If the Central Administration of the State budget is not approved by the Parliament on December 31, the Government fulfills the tasks incumbent upon them according to the budget of the previous year, but not more than three months.


Article 25 in the setting of the achievement of budgetary incomes shall comply with the following rules: a) any tax, fee or other obligation by their nature can't be entered in the budget and received if they have not been established by law;
  

(b) approve the annual budget law) in respect of each year, the list of taxes, fees and their trading and other revenues of the State to charge;
  

c) is prohibited under any title and perception under any name of any direct or indirect contributions in addition to those laid down by law.
  


Article 26 Through annual budgetary law approved budgetary appropriations for each financial year, expenditure in the structure established by that law.
The appropriations for staff expenditure and capital will not be increased either directly, or indirectly through virari and nor will they be able to be used for other expenses.
The appropriations approved by the annual budgetary law for the expenditure of a financial year shall be used to finance other expenses nor exercise expenditure, approved an originator, to finance the expenses of another sender. It also approved spending from one chapter cannot be used to finance other expenditure chapter.
Virările budgetary credits among other subdivisions of clasificaţiei, which do not contradict the budgetary provisions of this article or the annual budget law, are within the competence of each sender, its own budget and subordinated units.
In exceptional cases, virările from one chapter to another chapter of budgetary clasificaţiei can be performed starting with the third quarter, with the agreement of the Ministry of finance.


Article 27 income and expenses approved by the central State administration budget is divided by quarters according to the time-limits laid down by law, the collection of revenue and the period in which the expenditure is necessary.
Allocation of quarters of revenue and expenditure to the budget of Central State administration bodies shall be approved by the Ministry of Finance: (a)), chapters, at the initiative of ministries and other central organs of State;
  

b) authorising officers by parent loans for their own budgets and subordinate units and other subdivisions of clasificaţiei.
  


Article 28 budget appropriations approved by central State Administration's budget may be used at the request of parent, authorising officers only after opening credits or the supply of funds by the Ministry of finance to open bank accounts on their behalf.
Grant funds from the budget of the central State administration is performed within the limits of budgetary allocations and according to approved destinations, in relation to the degree of use of the resources made available earlier, in compliance with the legal provisions governing the carrying out of the respective expenses.
Transfers to territorial-administrative units, within the limits provided for in the budget of the central State administration, is carried out by the Ministry of Finance on request and depending on the needs of budgetary execution.


Article 29 shall be prohibited for direct payments from revenues for the budget of the central State administration, unless the law provides otherwise.
What income is achieved over the approved budget as central State Administration will be able to be used in the course of the year, after consuming budgetary reserve, with the approval of Parliament, to finance new tasks stipulated by the law.


Authorising officers article 30 credits you budget the main central administration by Ministers and heads of State are other central organs of State.
Heads of public institutions with legal personality under the ministries and other central organs of State financed from the budget of the State Central Administration are, where appropriate, otherwisely or terţiari.


Article 31 Shall credit the main budgetary appropriations approved hierarchical units below, in relation to their duties, as well as income covered by the law in their budgets and approve their own expenses in the budget making, while abiding by the legal provisions.
Subsidies of any kind, intended to be granted from the budget of the central State administration, public corporations and companies with state capital, include and is run by the Ministry's own budget or central body.

Secondary credit shall approve the carrying out their own budget expenditure, respecting the legal dispositions, and budgetary appropriations approved hierarchical inferior units, whose leaders are instructing terţiari.
Authorising officers terţiari credits using budgetary appropriations with which they have been assigned only for the needs of their units, according to the provisions of budgets approved and under the conditions laid down by laws.


Article 32 principal accounting officers of loans may delegate the right to approve the use and allocation of budgetary appropriations inlocuitorilor of law and heads of divisions or other similar compartments, as appropriate.


Article 33 accounting officers and authorising officers, secondary or terţiari, responsible for compliance with the laws in the use of budgetary allocations and the use of revenues, with efficient amounts received from the Central Government budget of the State, the integrity of the goods entrusted to the unit I lead, keeping an up-to-date accounting and the presentation of the accounting reporting on the implementation of the budget.
Any expenditure of the amounts allocated by the Central Administration of the State budget can be approved by the authorising officer and conduct only if it has previously been approved under the law by the head of the financial-accounting compartment or other persons charged with the exercise of financial control.


Article 34 where on the basis of laws taking place-crossing units, actions or tasks from a main originator of loans, the Ministry of finance is authorized to introduce the corresponding changes in their budgets and in the structure of the Central Administration of the State budget without affecting balance and budgetary reserve.


Article 35 the granting of subsidies from the State budget of Central Government public institutions which carry out, according to law, other times revenue, extra-budgetary Association or legal person, other than those of the State shall be determined by law and shall approve annually through the budgetary laws.


Article 36 proceeds from sale or from the sale of materials resulting from demolition, dismantling, or dezafectarii, under the conditions provided by law, of immovable property and other material assets belonging to public institutions shall constitute revenue of the Central Administration of the State budget or local budgets, as appropriate, and pour them according to rules drawn up by the Ministry of finance.
Proceeds from the State's right of property constitute income of the Central Administration of the State budget or local budgets, as appropriate.


Article 37 the making of expenditure in the budget of Central State Administration will be made only on the basis of supporting documents, drawn up in accordance with the provisions laid down by law.


Main article 38 Shall credit to the quarterly analysis need to maintain budgetary credits for which, on the basis of the legal provisions or other reasons, the duties were abolished or aminate and propose to the Ministry of finance the cancellation of appropriations concerned.
The Finance Ministry will require the consent of the Chief authorising officer for the cancellation of the loans receivable as of the Government without justification or in the event of divergence.
With budgetary credits cancelled shall be increased by the budgetary reserve fund available to the Government as provided for in the budget of the central State administration.


Article 39 on the basis of the accounting reporting presented by principal authorising officers, accounts relating to the implementation of the budget of Central State administration bodies presented under the law, have it load and the scrutiny and analysing them, the Ministry of finance develops the work on account of the annual general budget of the central State administration, the Cabinet of Ministers.
Annual general account of the Central Administration of the State budget shall be drawn up in the structure of the budget approved by Parliament and will annex the annual accounts of the parent authorizing appropriations budget, including the annexes thereto.
Government examines the work and presents annual general account of the execution of the budget of the Central Administration of the State for approval to Parliament, before 1 June of the year following the year of implementation.
Parliament approves annual general account of the execution of the budget of the central State administration, the latest until 30 November of the year following the year to which they relate. Together with the annual account of the implementation of the general budget of the central State administration shall be submitted, and will analyse and approve the accounts of the special funds.


Article 40 is the central body of the State that administers state social insurance budget in accordance with the law, annual account of implementation of State social insurance budget and present it to the Government, together with the report of the verification and analysis of the Ministry of finance, the latest until May 1 of the year following the year to which they relate.
Government presents this account to Parliament, together with the annual account of the implementation of the general budget of the State Central Administration.


Article 41 of the annual Accounts of Central State administration budget, the authorising officers and the special funds shall contain: 1. The income. Budgetary assessments 2. Entitlements 3. Receipts made 4. Remnants of charged expenses 1. Originally approved credits 2. Definitive 3 credits. Payments 4. Obligations with the legal time limits until 31 December Article 42 the Budget Surplus or deficit of the Central Administration of the State shall be determined by comparing the revenue of income until the closure of the budget year with payments until the same date, plus legal obligations with deadlines for payment until 31 December.
The situation of the House shall be determined by comparison between receipts from income and pay the expenses.
The Finance Ministry is required as to the position of legal obligations with deadlines for payment until 31 December to propose the inclusion of Government and other sums of money due to the State under the law that occur and can cause up to March 15 of the following year.
If necessary, the Finance Ministry will submit to the Government until March 31, a bill for the financial year ended.


Article 43 deficit covered by the outstanding Treasury bills or bank loan to the national team article. 15 of this law, the Parliament decides, on a proposal from the Government, the presenters and the measures to be taken to prevent a recurrence of similar situations in the next financial year.
In the event of a surplus, the Parliament will decide on the proposal of the Government, to what extent and for what purposes it will be used.


Article 44 From Central Government's budget surplus the State will reserve an annual quota of 50 per cent for the creation of a Fund of the State Treasury.
Fund of the State Treasury shall be retained in the special account in National Bank, with negotiated interest between it and the Ministry of finance, and is used only with the approval of Parliament.
For this Fund shall be run yearly accounts, which are subject to approval together with the general account budget of the central State administration.


Article 45 the Finance Ministry will draw up the annual account of the general government debt, which will comprise the operations account country and abroad. General government debt account will be attached to the general account of the annual budget of the central State administration, which shall be submitted to the Parliament, according to the provisions of this law.
From this account it will annex the Government guarantees for domestic and foreign loans received by other legal persons.


Article 46 preventive supervision and management over the revenues and Government spending, as well as control over management of public patrimony, shall be exercised by the Ministry of finance, its territorial bodies, and by other State bodies, under the conditions established by law.


Article 47 Works of drawing up, approval and execution of the budget of Central State administration is based on the analyses and forecasts of the stages of evolution of financial equilibrium, monetary and exchange rate, internal and external debt of the State, in order to determine the direction of the use of financial instruments for the determination of economic and social development.
To this end, the Ministry of finance prepares, coordinates and uses, according to the law, the National Treasury projects and executions: the general economy financial balance; the balance of external payments; statement of revenue and expenditure of the money money and population; the balance of claims and liabilities of foreign countries; the balance of capital formation in the economy; financial balance of resources and investment spending.


Chapter 3 the elaboration, approval, execution and conclusion of local budgets Article 48 Through local budgets means administrative-territorial units budgets, which have legal personality.
Every township, city, municipality, district of the municipality of Bucharest, Bucharest respectively, shall draw up its own budget under conditions of autonomy.

The Government will take the necessary measures, through the financial autonomy of the administrative-territorial units and each unit, through the budget to stimulate local initiative to meet the demands of local social, exercise of rights of local bodies to develop budgetary provisions for expenses according to your own needs and in line with the budgetary resources mobilised as possible, as well as strengthen social control over the efficient use of the allocated funds.


Article 49 the revenues of local budgets of taxes, fees and other revenues set out in the annual budget law.


Article 50 of the local budget is financed under the conditions stipulated by the law, the social and cultural actions, expenses for maintenance and operation of the local organs of State administration, objectives and actions of local interest, as well as other objectives laid down in the laws.


Article 51 the allocation of revenue and expenditure by local budgets, where the law does not provide, is established by the decision-making bodies of each County, respectively, of the municipality of Bucharest, according to the local administration bodies attributions of the State and of the subordination of public institutions, as well as balancing the budget needs.


Article 52 where the expenditure budgets of Bucharest and the counties and municipalities, sectors of Bucharest, cities or municipalities may not be covered entirely from its own revenues, to balance budgets in question can determine and approve transfers from the Central Government budget.
Through annual budgetary laws may authorize certain administrative-territorial units to contract loans to cover expenses relating to conducting actions thoroughly substantiated through the issue of debt securities loan repayable within 10 years.


Article 53 In the budgets of the districts and municipalities of Bucharest, and the sectors of Bucharest, the towns and townships can apply for funds at the disposal of the decision of the administrative-territorial units of up to 5 per cent of the total expenditure, which may be used to supplement the budgetary credits approved by local budgets, in order to finance new tasks or actions occurring during the year.
Budgetary reserve funds laid down in the preceding paragraph may be increased during the year, with up to 50 per cent of the amount originally approved by budget, credits from budgetary availabilities that are no longer needed by the end of the year.
Cannot be used with this destination availability of budgetary credits derived from personal spending and investment.


Article 54 where the budgets of administrative-territorial units incomes exceed the expenses have been approved, including the budgetary reserve established under the law, the differences are founded as a planned budget surpluses of each local maximum of 2 per cent of total revenue; the rest of the vărsămînt to the Treasury Fund which shall be constituted in each district, namely at the level of the municipality of Bucharest.


Main article 55 Shall credit you local budgets are prefects (governors) to the counties and municipalities in Bucharest and other administrative-territorial units.
Heads of public institutions with legal personality under the decision of the administrative-territorial units, where applicable, otherwisely or terţiari.
Main credits you authorizing local budgets may delegate the right to approve the use and allocation of budgetary allocations or inlocuitorilor their rightful rulers of local organs of local government and other similar units.


Article 56 Draft budgets of administrative territorial units shall be drawn up on the basis of the draft budgets of the Administration and public institutions subordinated to the deadlines laid down by the County's decision, the municipality of Bucharest, at the recommendation of his financial organ of the driver.
The methodology of elaboration and execution of local budgets shall be established by the Minister of finance.
Draft budgets of administrative territorial units shall be presented for approval by local elected body with at least 2 months before the beginning of Each year the local budget is approved on the whole, chapters, articles and instructing.


Article 57 to cover any temporary differences arising in the course of the year between expenditure and revenue budgets of communes, towns, municipalities and sectors of Bucharest may grant temporary loans from Treasury funds constituted according to the law. Right to approve such loans have local bodies at the county level and the municipality of Bucharest.
The same funds and under the same conditions they can lend and where their respective gaps appear in the budgets of their own county and Bucharest city.
Sub-loans granted pursuant to paragraph 1. 1 and 2 of this article are to be reimbursed up to the 31st December of each budget year.
In exceptional cases, where loans have not been repaid by the end of the year because of a lack of budgetary availability, these are provided for the reimbursement in the coming budgets, for a period of up to 18 months, with a maximum limit of interest shall be established by the Ministry of Finance and the Treasury receives County Fund, respectively, of the municipality of Bucharest.


Article 58 in order to achieve social and cultural actions and economic costs of local interest, the decision-making bodies of the territorial-administrative units can endorse and use up to 50 percent of the proceeds from its own revenues of local budgets concerned over those approved under the following conditions: (a)) have a revenue overrun on the totality of their own income as determined by the respective local budgets and are expected to remain until the end of the year;
  

b) income gains to come from that year and not be the result of changes in legislation or certain subevaluari recorded control bodies provided by law;
  

c) administrative-territorial unit not have outstanding loans.
  

Changes that were made and approved by the local budgets, according to the provisions of this article, shall be subject to ratification, local body elected at its first session.


Article 59 annual surplus Balances of local budgets shall be used in order to: (a) the repayment of loans) past eventual nelichidate and paying the interest on these loans;
  

b) of the amount remaining is reserve and pour a quota of 50 per cent to the County Treasury Fund, the municipality of Bucharest, where appropriate, and the difference is constituted as a revolving fund, which can be used temporarily to cover eventual goals, gaps between income and expenses this year.
  

Revolving Fund shall be kept in each of the budget of administrative-territorial units and cannot exceed 5 per cent of own revenue approved by local budgets respectively. The difference which exceeds this limit against it will also spill to the County Treasury, Bucharest, where appropriate.


Article 60 charges for investments prefectures and municipal mayoralties, public institutions subordinate to the local, as well as other investment expenditure, which is financed from local budgets according to law, shall be entered in the budget of each administrative-territorial units, on the basis of the list of works, machinery, furniture and other objects. Definitive lists approved under art. 19 of this Act, the opinion of the Ministry of finance.


Article 61 the decision-making bodies of administrative-territorial units shall draw up and submit the annual accounts of the execution of local budgets, for approval, local bodies, before 1 June of the following year.


Article 62 of the County Treasury and Funds of the municipality of Bucharest established by law is kept in special accounts at banking establishments, with negotiated interest, and is used under the conditions provided by law.
For these annual accounts have been drawn up funds, which are subject to approval together with the execution of the budget account, the municipality of Bucharest.
In duly justified cases and particularly in the first year of application of this law, the Ministry of finance may be provided in the budget of the central State administration appropriations for the establishment or increase, as appropriate, Treasury funds counties and the municipality of Bucharest.


Article 63 until the 10th of January of each year shall be drawn up and shall be transmitted to the Assembly the budgets of the Ministry of Finance on each County, respectively Bucharest, grouped within each county and the city of Bucharest, on the communes, cities, municipalities, districts of Bucharest and its own budget on budgetary clasificaţiei structures established by the Ministry of finance.


Article 64 on a quarterly basis, the decision of the administrative-territorial units shall draw up reports of accounting in the area of public finances, which will be transmitted to the Ministry of Finance, within the time limits and according to the rules laid down by the latter.

The Ministry of finance presents the Government, until the 30th of April of each year, the annual synthesis of the local public finances, with the conclusions and suggestions regarding their role in carrying out the tasks incumbent upon the local organs of State administration.


Article 65 Implementation of the House of local budgets shall be made by law enforcement provided by law for the collection of revenue, for the payment of expenditure and their book-keeping, budget of administrative-territorial units each, as well as for credit transfers and subsidies provided for by law.


Chapter 4 public institutions Finance Article 66 funding the operating expenses and investment of public institutions ensure as follows: a) entirely from the Central Administration of the State budget or local budgets, as appropriate, in the light of their subordination;
  

(b) extrabudgetary revenues) and subsidies granted by the Central Administration of the State budget or local budgets, according to subordination;
  

c) entirely from extrabudgetary income;
  

(d) extrabudgetary revenues) with special destination for certain expenses determined by the regulations of the Fund's income is from these.
  


Article 67 public institutions may be used for the conduct of their work and the enlargement of material resources and money received from legal entities and physical persons, free of charge, by sending in compliance with legal provisions.
They manage according to rules on public finances, and with due regard for established destinations of transmitter.


Article 68 Financing expenditure of public institutions, especially in the field of social-cultural, regardless of the subordination, ensure both from the Central Administration of the State budget and the budget of the administrative territorial unit, only in cases where by law shall establish categories of expenditure which is financed in each budget.


Article 69 of extrabudgetary Revenues public institutions shall be levied and agribusiness organizations in the case, according to the rules for the public finances, without making payments from the budget of the central State administration or local budgets if the law does not stipulate otherwise.
Annual balances resulting from the implementation of the budget of public institutions funded entirely from extrabudgetary means shall be taken as income the following year. The budgets of public institutions financed from extra budgetary means should be included in the centralized budget of the Chief authorising officer.
Extra-budgetary revenue of public institutions come from taxes, rents, cultural events, valorificari from their own or appendages, artistic competitions, publications, artists, exploiting films, editorials, medical services and consultancy, studies, projects, services, works, exploitation of goods we have in the Administration and others, determined by the laws of the organization or Government institutions.


Article 70 Payments for investments of public institutions is carried out by banks, according to the law, perform these operations: list of works, machinery, furniture and other objects of investment, technical documentation and pre seen of funds submitted by the institution, in compliance with the legal provisions relating to investments and the settlement thereof.
With fixed assets resulting from investment expenditures or received through the free transfer of the social fund is increased by the public institution.


Chapter 5 common provisions, transitional and final provisions Article 71 is the annual budget and financial year coincides with the calendar year.
All rights obtained, transactions made during the year, including the obligations and rights that, directly or indirectly, a in budget year concerned belong to the corresponding year of execution of the budget.
For all economic agents, the financial year has the same duration as the budget exercise.


Article 72 budget execution shall be concluded by 31 December of each year. Any income and any expenditure carried out until 31 December will receive or will in the next year budget account.
Budgetary appropriations unused until the conclusion of the year are cancelled. Appropriations approved unused funds at the end of special each financial year shall be reported in the next year, maintaining the original destination.


Article 73 non-compliance deadlines for payment of amounts owed to the Central Government budget and local budgets draws its obligation of calculating delay and an increase in cash provided by law.
Transferring to the Central Administration of the State budget, local budgets and State social security budget of amounts due and not paid within the legal and physical persons is done by applying the rules of procedure and enforcement provided by law.
Romanian legal entities as well as individuals who have the status of trader, property transactions are required in accounting lei, according to the legal norms concerning the unified accounting system of national economy, enforcing conditions thanks to control of the amounts due.


Article 74 no expense may not be entered in the Central Administration of the State budget, local budgets and State social insurance budget, nor carried out of those budgets if there is no legal basis for such expenditure.


Article 75 From the Central Administration of the State budget or local budgets may award grants or transfers of a general nature or purpose for certain institutions, associations or other legal entities which are not state and did not have the economic and financial autonomy, as well as certain international bodies or units, that the obligation of the State fee, only in the cases and under the conditions provided by law.
Such grants or transfers shall be provided and shall be paid from the budgets of the authorizing parent loans, distinctly on the categories referred to in the preceding paragraph.


Article 76 the amounts approved by the Central Administration of the State budget, local budgets and State social insurance budget, within which expenditures may be made of budgetary appropriations, represents, which may not be exceeded.
Commitment of expenditure of these budgets can only be made within the limits of the annual budget appropriations approved.


Article 77 the laws in the development, approval and execution of the budget of Central State administration shall also apply in the field of local budgets and State social insurance budget, insofar as these are not provided for otherwise by this law.


Article 78 till the election of local bodies, the development, implementation, execution and completion of the local budgets are carried out by bodies appointed by law.


Article 79 provisions of this law shall apply with effect from 1 January 1991.


Article 80 date of entry into force of the present law shall repeal Law 9/1972, as amended and supplemented by Law 2/1979, as well as any other provisions to the contrary.