Advanced Search

Law No. 20 Of 8 April 1996 Concerning Certain Measures Necessary For Carrying Out The Campaign In The Spring Of 1996, As A Result Of The State Of Emergency

Original Language Title:  LEGE nr. 20 din 8 aprilie 1996 privind unele măsuri necesare pentru desfăşurarea campaniei agricole din primăvara anului 1996, ca urmare a stării de urgenta din agricultura

Subscribe to a Global-Regulation Premium Membership Today!

Key Benefits:

Subscribe Now for only USD$40 per month.
LEGE No. 20 of April 8, 1996 on certain measures necessary to carry out the agricultural campaign in the spring of 1996, following the state of emergency in agriculture
ISSUER PARLIAMENT
Published in OFFICIAL MONITOR NO. 70 of April 8, 1996



The Romanian Parliament adopts this law + Article 1 For the financing of agricultural production expenses related to the spring agricultural campaign and harvest works in 1996, as well as to ensure the stocks of feed necessary for animal husbandry until the new harvest, the National Bank of Romania will provides credit lines of 1.100 billion lei within 10 days from the publication of this law in the Official Gazette of Romania. The interest rate charged by the National Bank of Romania and commercial banks will be higher by up to 5% per year above the inflation index. Dobinda will be subsidized from the allocations provided in the state budget for 1997, so that the beneficiaries of credits do not bear a interest of more than 15% per year. + Article 2 The loans will be granted with repayment terms staggered according to the valorization and collection of the value of agricultural products, but not later than December 31, 1996. The maximum interest of 15% will be charged by the commercial banks and the National Bank of Romania to the extent of the valorization of the products according to the graphs of their recovery. Dobinda on the lines of credits granted by the National Bank of Romania to commercial banks for the lending of agriculture will be paid once with the collection of loans and interest by commercial banks. + Article 3 Credits provided in art. 1 will be granted to agricultural producers, natural or legal persons, including companies manufacturing agricultural products with agricultural land in operation, agricultural and horticultural research institutes and resorts and companies. commercial services in agriculture, regardless of the form of ownership and exploitation of agricultural land, for: repair of tractors, agricultural machinery, machinery for harvesting and transport, execution of agricultural works to show, preparation of land, sowing and maintenance of crops, purchase of seeds, chemical fertilizers, herbicides, fungicides, fuels and fuels, fertilizations and phytosanitary treatments, pruning in vineyard plantations, trees and hops, seasonal works in field vegetable and protected spaces, as well as for feed crops and replenishment of feed stocks necessary for the zootechnical sector until the new harvest. + Article 4 Agricultural producers, natural or legal persons, and commercial companies providing services in agriculture, which have debts as a result of the damage caused by natural calamities, outstanding loans and unpaid interest from previous years, may hire credits. Provisions of para. 1 applies also to companies in the processing sector of sugar beet, flax, cinepa, vegetables and fruit in the field and greenhouses. The outstanding loans and unpaid interests on March 31, 1996 of the beneficiaries of credits according to this law reschedule to payment in 1997 and 1998. Accordingly, the National Bank of Romania will reschedule the corresponding lines of loans granted to commercial banks, at the level of the reference interest. + Article 5 The loans committed according to this law will be guaranteed, taking into account the value of the products provided for in the program for this year. + Article 6 The Ministry of Agriculture and Food together with commercial banks and the National Bank of Romania will develop, within 3 days from the date of publication in the Official Gazette of Romania of this law, methodological norms of application. This law was adopted by the Chamber of Deputies at its meeting on April 2, 1996, in compliance with the provisions of 74 74 para. (2) of the Romanian Constitution. CHAMBER OF DEPUTIES PRESIDENT ADRIAN NASTASE This law was adopted by the Senate at the meeting of April 2, 1996, in compliance with the provisions of art 74 74 para. (2) of the Romanian Constitution. p. SENATE PRESIDENT ION SOLCANU --------------------