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Law No. 67 Of 7 October 1993 On The Setting Up And Use Of The Special Fund For Research And Development

Original Language Title:  LEGE nr. 67 din 7 octombrie 1993 privind constituirea şi utilizarea fondului special pentru cercetare-dezvoltare

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LEGE No. 67 of 7 October 1993 on the establishment and use of the special research and development fund
ISSUER PARLIAMENT
Published in OFFICIAL GAZETTE NO. 244 of 13 October 1993



The Romanian Parliament adopts this law + Article 1 The Special Fund for Research and Development is set up for the funding of national R & D programmes, including basic research, technical, prospecting and geological research for discoveries of new deposits, subsidizing technical and scientific literature, information activity-documentation and actions to promote the results of Romanian research, as well as capital expenditures, including for the "Academy House". + Article 2 The special fund for research and development is constituted by the contribution of economic agents, regardless of the form of organization and the type of property, except for economic agents exempt by law from the payment of corporate tax, by applying a allowances on the receipts made, after deducting the value added tax and excise duty. + Article 3 The amount of the special fund for research and development and the contribution rate of economic agents shall be established annually by the state budget law. + Article 4 For products, services and activities subsidized from the public budget, economic agents do not owe the contribution to the special fund for research and development. + Article 5 Management of the special fund for research and development is done, under the provisions of Law no. 10/1991 on public finances, by the Ministry of Research and Technology. The establishment of research priorities and the designation of the subjects of the themes will be done by the Advisory College for Applied Research and Development, through its specialized committees, including representatives of the ministries and the departments, based on research and development programs. + Article 6 The availability of the special fund for research and development is kept in the account at the bank and they are carriers of interest, and they constitute resources of the fund. The level of the interests will be determined on the basis of negotiation. + Article 7 Economic agents have the obligation to pay monthly the amounts due to the special fund for research and development, but no later than the end of the next month. The transferred amounts are available to the Ministry of Research and Technology. The non-recovery within the period by the economic agents of the amount representing the contribution due shall be penalized by 0,15% for each day of delay. The Ministry of Research and Technology together with the Ministry of Finance will issue instructions on how to collect the contribution, financing approved expenses, highlighting and reporting this fund. The Ministry of Research and Technology, in collaboration with the other ministries and departments concerned, will issue instructions on how to follow and stimulate the recovery of completed research and development themes. + Article 8 The government will submit reports and proposals on how to use the special fund for research and development to the Parliament. + Article 9 The provisions of this law will apply until the start of the year of budget execution, following the date of entry into force of the law on research and development activities. This law was adopted by the Senate at the meeting of September 23, 1993, in compliance with the provisions of art 74 74 para. (2) of the Romanian Constitution. SENATE PRESIDENT prof. univ. dr. OLIVIU GHERMAN This law was adopted by the Chamber of Deputies at the meeting of September 27, 1993, in compliance with the provisions of 74 74 para. (2) of the Romanian Constitution. CHAMBER OF DEPUTIES PRESIDENT ADRIAN NASTASE ----------