Advanced Search

Law No. 71 Of 17 July 1992 Authorizing The Guarantee Of Credits

Original Language Title:  LEGE nr. 71 din 17 iulie 1992 privind autorizarea garantarea unor credite

Subscribe to a Global-Regulation Premium Membership Today!

Key Benefits:

Subscribe Now for only USD$40 per month.
LEGE No 71 of 17 July 1992 concerning the authorisation of certain credits
ISSUER PARLIAMENT
Published in OFFICIAL MONITOR NO. 169 of 20 July 1992



To provide financial resources for the construction of highways in Romania, The Romanian Parliament adopts this law + Article 1 It is authorized the Romanian Government that through the Ministry of Economy and Finance to issue government guarantees in favour of the National Road Administration of the Ministry of Transport for credits that will be contracted for the purpose financing of highway construction in Romania, set out in the annex to this law. The need for internal and external credits, as well as the conditions for their contracting will be established by the Ministry of Transport, the Ministry of Economy and Finance and the National Road Administration, based on the negotiation with the creditor banks. + Article 2 The reimbursement of credits and other related expenses will be made from the revenues made on the highway sections put into operation and in addition from other sources that will be established by the Government. The due interest due until the commissioning of the highways will be reimbursed from the receipts of the National Road Administration. + Article 3 The conditions for granting guarantees will be established by the guarantee contracts that will be concluded between the parties provided for in art. 1. + Article 4 The highways provided in the annex declare themselves public utility constructions and will benefit from all the facilities arising from this quality, according to the law. This law was adopted by the Chamber of Deputies at the meeting of June 15, 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 June 23, 1992, in compliance with the provisions of art 74 74 para. (2) of the Romanian Constitution. SENATE PRESIDENT academician ALEXANDRU BIRLADEANU + Annex 1 SCHEDULE Highway construction in Romania Stage I-from 1992 to 1995 Routes: 1. Bucharest-Fundulea 26.5 km 2. Fundulea-Fetesti 107,6 km 3. Cernavoda-Constanta 64.5 km 4. Bucharest-Pitesti 96.0 km 5. Bucharest-Giurgiu 44,0 km 6. Bucharest South Belt 40.0 km Stage II-from 1995 to 2002 Routes: 1. Pitesti-Sibiu 160,0 km 2. Sibiu-Deva 130,0 km 3. Deva-Nadlac 170,0 km 4. Bucharest-Brasov 160,0 km -------------