Law No. 74 Of 14 December 1991 On Loan To Finance The State Budget Deficit, The State's Central Administration Since 1991

Original Language Title:  LEGE nr. 74 din 14 decembrie 1991 privind împrumutul de stat pentru finanţarea deficitului bugetului administraţiei centrale de stat pe anul 1991

Read the untranslated law here: https://www.global-regulation.com/law/romania/3070145/-lege-nr.-74-din-14-decembrie-1991-privind-mprumutul-de-stat-pentru-finanarea-deficitului-bugetului-administraiei-centrale-de-stat-pe-anul-1991.html

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LAW No. 74 of 14 December 1991 on loan to finance the State budget deficit, the State's Central Administration 1991 PARLIAMENT ISSUING published in MONITORUL OFICIAL NR. 251 of 16 December 1991 the Parliament of Romania adopts this law.


Article 1 shall authorize the Ministry of economy and finance to contract a loan amount limit state of 65.5 billion dollars, through the National Bank of Romania, in order to finance the budget deficit, the State's Central Administration since 1991.
State loan incurred up to 31 December 1991, as required by the financing of the budget deficit of the Central Administration of the State, where the National Bank of Romania end will conclude, on behalf of the State and on behalf of the Ministry of economy and finance, loan contracts with financial institutions — savings and House Consemnaţiuni românească, "ASI", company "ASTRA", commercial banks and with businesses that hold money availability.


Article 2 the maximum limit of the interest rate on the loan is with one percentage point below the level of interest in respect of deposits for a period of over a year of people at Casa de Economii and Consemnaţiuni, during which the National Bank of Romania will negotiate with the holders of units of money, depending on the availability of the offers received.
In the event of a change in the interest for term deposits of more than one year of the population at Home, savings and National Bank of Consemnaţiuni Romania will renegotiate, as appropriate, with interest at împrumutătorii level.
Interest corresponding to the loan by the State shall be calculated and payable quarterly, on the budget of the State Central Administration. Interest shall be calculated for the year 1991 until 31 December 1991 and paid until 15 January 1992.


Article 3 the State Loan contracted in 1991 it paid off within five years, since 1992, in equal annual installments, due on 30 December of each year.


Article 4 the Ministry of economy and finance and the National Bank of Romania shall issue methodological instructions relating to record keeping and reporting loan State, and covering it in the general account of the public debt.
This law was adopted by the Senate at its meeting on 11 December 1991.
Academic SENATE PRESIDENT ALEXANDRU BÂRLĂDEANU this law was adopted by the Chamber of deputies at its meeting on 11 December 1991.
PRESIDENT Of The CHAMBER Of DEPUTIES MARTIAN D — — — — — — — — — — — — — — — — — — — — —