LAW No. 70 of 16 July 1992 for the granting of rights of scientific research of the Romanian Academy to use additional revenue obtained from ISSUING contracts PARLIAMENT Published in MONITORUL OFICIAL NR. 168 of 20 July 1992, the Romanian Parliament adopts this law.
Article 1 the scientific research Units of the Romanian Academy, financed entirely from the State budget, according to the law, will be able to use extra-budgetary income obtained from the execution of contracts with legal entities or natural persons from the country and abroad, for works carried out in addition to those contained in the approved research programmes funded from the budget.
Article 2 (1) Revenue budget. 1 shall be levied, shall be administered and agribusiness units of scientific research of the Romanian Academy, without making payments from the State budget.
(2) Net Income after payment of taxes owed under the law will be used by the research units of the Romanian Academy to finance the development of material base and activity information-documentation, and 15-30% of these revenues will be used at the end of the budget year to encourage staff who contributed to the execution of contracts for additional works besides research programmes funded from the budget.
Article 3 within a period of 15 days following the entry into force of this law, the Romanian Academy will issue instructions on the creation, management and use of extra-budgetary income. 1. This law was adopted by the Chamber of deputies at its meeting on 25 June 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 29 June 1992, with due regard for the provisions of article 7. 74 para. (2) of the Constitution of Romania.
Academic SENATE PRESIDENT ALEXANDRU BÂRLĂDEANU-— — — — — — — — — — — — — — — —