Law No. 38 On 20 April 1992 Authorizing The Guarantee Foreign Loans Contracted By Autonomous Electricity "leo"-Bucharest

Original Language Title:  LEGE nr. 38 din 20 aprilie 1992 privind autorizarea garantării unor credite externe contractate de Regia Autonomă de Electricitate "Renel" - Bucureşti

Read the untranslated law here: https://www.global-regulation.com/law/romania/3070195/-lege-nr.-38-din-20-aprilie-1992-privind-autorizarea-garantrii-unor-credite-externe-contractate-de-regia-autonom-de-electricitate-%2522renel%2522---bucure.html

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LAW No. 38 on 20 April 1992 authorizing the guarantee foreign loans contracted by Autonomous electricity "Leo"-published in the Bucharest PARLIAMENT ISSUING the OFFICIAL GAZETTE NR. 73 of 23 April 1992 in order to ensure the necessary currency resources to complete the work, placed into operation and exploitation on an initial 18-month period of the unit No. 1 from the Romanian Parliament Nuclearoelectrica Npp adopts this law.


Article 1 shall authorize the Government to ensure, through the Ministry of economy and finance, foreign loans worth 410 million u.s. dollars, with a D.w. of repayment period of 10 years, contracted by an autonomous electricity Directed "Leo", for the completion, commissioning and initial operation over a period of 18 months of Unit No. 1 from Nuclearoelectrica Npp.


Article 2 the Government shall control the manner of execution of the investment. 1 and will follow the progress of credit agreements, in order to reduce foreign exchange spending and in lei, with the deadline for commissioning and nuclear safety requirements.
This law was adopted by the Chamber of deputies at its meeting on 9 April 1992, in compliance with the provisions of art. 74 para. (2) of the Constitution of Romania.
PRESIDENT of the CHAMBER of DEPUTIES This MARTIAN DAN law was adopted by the Senate at its meeting on 15 April 1992, in compliance with the provisions of art. 74 para. (2) of the Constitution of Romania.
Academic SENATE PRESIDENT ALEXANDRU BÂRLĂDEANU-— — — — — — — — — — — — — — — —