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Law No. 11 Of 24 February 1992

Original Language Title:  LEGE nr. 11 din 24 februarie 1992

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LEGE No. 11 of February 24, 1992 on the acceptance by Romania of the increase of its authorized capital to the International Financial Corporation-C.F.I. -according to the Resolution Project "General Growth of Capital 1991" of the Board of Directors of C.F.I.
ISSUER PARLIAMENT
Published in OFFICIAL MONITOR NO. 31 of March 2, 1992



The Romanian Parliament adopts this law + Article 1 It is accepted the increase of the capital held by Romania, as a member of the International Financial Corporation, with 1,157 shares worth $1,157,000 U.S., according to the Resolution Project "General capital increase 1991" of Board of Directors of the C.F.I. + Article 2 The amount in foreign currency related to the capital increase will be covered from the state currency fund. + Article 3 The value in lei of the increase is to be covered from the state budget, through the Ministry of Economy and Finance, and will be calculated at the exchange rate in force at the time of the transfer, respectively 1 August 1992, 1993, 1994, 1995 and 1996, in allowances of 20% of the total value. This law was adopted by the Chamber of Deputies at the meeting of January 28, 1992, in compliance with the provisions of 74 74 para. (2) of the Romanian Constitution. CHAMBER OF DEPUTIES PRESIDENT MARTIAN DAN This law was adopted Senate at the meeting of February 17, 1992, in compliance with the provisions of art. 74 74 para. (2) of the Romanian Constitution. SENATE PRESIDENT academician ALEXANDRU BIRLADEANU -----------------------------