LEGE No. 80 of 23 December 1991 on settlement by clearing of outstanding payments from the economy
ISSUER
PARLIAMENT
Published in OFFICIAL GAZETTE NO. 263 of December 23, 1991
The Romanian Parliament adopts this law + Article 1 The Romanian Government and the National Bank of Romania, together with the commercial banks, will organize and carry out the settlement by clearing, with the reflection in the management and results of 1991, of the outstanding payments on goods deliveries, works, deliveries of machines, machinery and installations for investments and constructions-assembly related to them and service supplies, received and accepted by the beneficiary, as well as debts to the national public budget of economic agents. Settlement operations through compensation of outstanding payments will be made through the units of commercial banks and under their direct control. The Romanian Government, the Ministry of Economy and Finance, together with the National Bank of Romania, will present to the Parliament, until 15 February 1992, a report on the results of the compensation action and the draft law on measures related to to: liquidation of loans resulting from compensation; establishment of order in making payments in economy; prevention of financial blockage; regime of default payment and obligations incumbent on the boards of economic agents with full or majority state capital in this situation. + Article 2 Bank loans resulting from settlement operations through compensation of outstanding payments, granted by commercial banks, will be guaranteed by the state and with movable and immovable property of economic agents beneficiaries of loans. The goods constituted guarantees will be subject to forced pursuit, in case of non-compliance with the loan repayment terms. Economic agents will determine the causes that determined the compensation credits, will ensure the guarantees and measures necessary to liquidate them, and together with the commercial banks will establish repayment charts with final deadlines of maximum 6 on Monday, based on the documentation verification presented. The Ministry of Economy and Finance will cover in time the subsidies and price differences provided in the approved state budget, due to economic agents, corresponding to the regulations in force. + Article 3 Provisions art. 46 46 para. 1 1 of Law no. 15/1990 on the reorganization of state economic units as autonomous kings and commercial companies are amended and shall read as follows: "The amounts in foreign currency bought from authorized banks, against lei, at the exchange rate of the day, for external payments shall be kept in special accounts opened on behalf of economic agents at commercial banks." + Article 4 Provisions art. 45 45 of Law no. 15/1990 on the reorganisation of state economic units as autonomous kings and companies and art. 215 215 of Law no. 31/1990 on companies are and remain abrogated from the date of unification of exchange rates and the introduction of the internal convertibility of the leu. This law was adopted by the Senate at the meeting of December 19, 1991, in compliance with the provisions of art 74 74 para. (2) of the Romanian Constitution. SENATE PRESIDENT academician ALEXANDRU BIRLADEANU This law was adopted by the Chamber of Deputies at the meeting of December 19, 1991, in compliance with the provisions of 74 74 para. (2) of the Romanian Constitution. CHAMBER OF DEPUTIES PRESIDENT MARTIAN DAN ---------
