Law No. 81 Of 21 July 1992 On Empowering The Government To Issue Ordinances And Authorization Of Commitment And Guarantee Foreign Loans

Original Language Title:  LEGE nr. 81 din 21 iulie 1992 privind abilitarea Guvernului de a emite ordonanţe şi autorizarea contractării şi garantării unor credite externe

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LAW No. 81 of 21 July 1992 on empowering the Government to issue ordinances and authorization of contracting foreign loans and ISSUING guarantee PARLIAMENT Published in MONITORUL OFICIAL NR. 173 of 22 July 1992, the Romanian Parliament adopts this law.

Article 1 pursuant to article 6. 114 para. (1) of the Constitution, the Government of Romania as the link settlement after the entry into force of this law until the resumption of the work of the Parliament in the autumn session, to issue decrees concerning: a) the establishment or amendment of the following taxes and fees: income tax matters of the capital; stamp duties towards individuals and companies for legal proceedings, other than a notary or existing ones; value added tax, starting from 01.01.1993; fees for the issue of authorisation decisions provided for by Law; study fees at State higher education toward students admitted across the tuition plan approved by Government decision; legal regime of local taxes and fees; turnover tax and excise duties; tax on performances; the amount of the increases for delay for nevărsarea within the budget of revenue due to it; the system of tax revenue from "taxi" and other lump-sum taxes or duties; fees for applications for patent for invention and for patents of invention; consular fees; Customs duties;

b) take the necessary measures concerning the supplement to the budget of the Ministry of agriculture and food by the amount of 2.5 billion, required the application of the provisions of the 1992 Law No. 18/1991 on Land Fund, and securities issuance fee hike for ownership of land provided by the law. 71/1991, from 200 euro/ha to 400 euro/ha, in order to ensure the necessary financial resources for this purpose;

c) prescribing, for offences committed by legal persons, to fines of up to 1,000,000 lei;

d) Regulation of urgent measures concerning the work in the following areas: the financing of health care, providing quality products and services through the reorganization of the work of standardization, metrology and quality, providing subsidies to farmers, disposal of assets in the national heritage, into and out of the country and establishing the responsibility of the National Commission of monuments, improving the system of information statistics;

e) measures for ensuring the technical and material conditions and organizational operation of the Funds of Private property;

(f) adoption of urgent measures) on the prevention of and intervention in case of natural or man-made disasters, for relief to them;

g) approving the regulations on the conditions and competences and criteria for awarding funds. 13 of the law on State budget for 1992, to stimulate exports;

h) supplement the funds allocated to local public authorities for the implementation of investment objectives concerning water supply, waste water treatment plants, pumping stations, sewage and other communal household and social protection measures concerning the cover price differences at thermal energy delivered to the population and differences in fare from urban transport of passengers; the funds needed will be ensured by the use of the sum of 26 billion dollars, representing differences resulting from the revaluation of stock in 1991 and by increasing incomes of the State budget;

I) budget deficit financing for the year 1992.

Article 2 In article 41(2). 114 para. (3) of the Constitution, before the resumption of the work of the Parliament in the autumn, the ordinances issued by the Government pursuant to art. 1 of this law will be submitted to Parliament for approval, under penalty of termination of their effects.

Article 3 shall authorize the Government of the National Bank of Romania and to contract and to guarantee, in the second half of 1992, foreign financial loans, subject to a maximum amount of $ 2.5 billion S.U.A., in order to ensure the necessary level of currency resources of raw materials-fuel, energy, agricultural products and other goods, to finance investments and relaunching the economy and to increase foreign exchange reserves.
The Government will inform the European Parliament on a quarterly basis, over loans according to para. 1, as well as the conditions regarding the time limits obtained repayment, interest level and other costs, as well as the destinations of these credits, credit guarantees granted and use.
This law was adopted by the Senate at its meeting on 8 July 1992, in compliance with the provisions of art. 74 para. (2) of the Constitution of Romania.
Academic SENATE PRESIDENT ALEXANDRU BÂRLĂDEANU this law was adopted by the Chamber of deputies at its meeting on 8 July 1992, in compliance with the provisions of art. 74 para. (2) of the Constitution of Romania.
p. ROMAN CHAMBER of DEPUTIES PRESIDENT IDRIS — — — — — — — — — — — — — — — — — — — — —

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