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Law No. 119 Of 6 December 1995

Original Language Title:  LEGE nr. 119 din 6 decembrie 1995

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LEGE No. 119 of 6 December 1995 for approval Government Ordinance no. 13/1995 on some measures to accelerate the restructuring of autonomous regions and companies with majority state capital, strengthening financial discipline and improving settlements in the economy.
ISSUER PARLIAMENT
Published in OFFICIAL GAZETTE NO. 286 of 11 December 1995



The Romanian Parliament adopts this law + Article UNIC Approval Government Ordinance no. 13/1995 on certain measures to accelerate the restructuring of autonomous regions and companies with majority state capital, to strengthen financial discipline and to improve settlements in the economy, issued pursuant to art. 1 lit. b) of Law no. 1/1995 on the empowerment of the Government to issue ordinances and published in the Official Gazette of Romania, Part I, no. 26 of 3 February 1995, with the following amendments and additions: a) Article 9 (3) shall read as follows: " If the negotiating parties cannot complete a conciliation agreement within the time period provided for in the preceding paragraph, the Ministry of Finance together with the Coordination, Strategy and Economic Reform Council, for the autonomous regions, and the Fund The State Property together with the Private Property Fund to which the company is aronded and the Restructuring Agency, for commercial companies with majority state capital, will support the parties to settle their differences. within 15 days of the expiry of the period referred to in paragraph 1. 2 2 of this Article. ' b) Article 13 (1) shall read as follows: "" Art. 13. -At the request of economic agents referred to in art. 2, commercial banks with majority state capital will proceed to reschedule loans outstanding as of December 31, 1994, as well as loans due at the date of conciliation, for a period of no more than 3 years, with up to one year the grace period. " This law was adopted by the Senate at the meeting of 27 November 1995, in compliance with the provisions of art. 74 74 para. (2) of the Romanian Constitution. p. SENATE PRESIDENT ION SOLCANU This law was adopted by the Chamber of Deputies at the meeting of November 27, 1995, in compliance with the provisions of 74 74 para. (2) of the Romanian Constitution. p. CHAMBER OF DEPUTIES PRESIDENT RADU BERCEANU --------------------