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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

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LEGE No. 38 of 20 April 1992 on the authorization of certain external credits contracted by the Autonomous Electricity Regia "Renel"-Bucharest
ISSUER PARLIAMENT
Published in OFFICIAL MONITOR NO. 73 of 23 April 1992



For the provision of foreign exchange resources necessary to complete the works, commissioning and initial exploitation for an 18-month period of Unit no. 1 from Cernavoda Nuclear Power Plant, The Romanian Parliament adopts this law + Article 1 The Romanian Government is authorized to guarantee, through the Ministry of Economy and Finance, external credits worth $410 million to the U.S., with a repayment period of 10 years, contracted by the Autonomous Electricity Regia "Renel"-Bucharest, for the completion of the work, commissioning and initial operation for an 18-month period of Unit no. 1 from Cernavoda Nuclear Power Plant. + Article 2 The Romanian Government will control the execution of the investment works provided for in art. 1 and will follow the development of credit agreements, in order to reduce foreign exchange expenses and in lei, in compliance with the deadline for commissioning and nuclear security requirements. This law was adopted by the Chamber of Deputies at the meeting of April 9, 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 by the Senate at the meeting of April 15, 1992, in compliance with the provisions of art 74 74 para. (2) of the Romanian Constitution. SENATE PRESIDENT academician ALEXANDRU BIRLADEANU -----------------