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Law No. 65 Of 21 April 1997 On The Amendment And Completion Of The Law Nr. 1/1991 On Social Protection Of The Unemployed And Their Professional Reintegration, Republished

Original Language Title:  LEGE nr. 65 din 21 aprilie 1997 pentru modificarea şi completarea Legii nr. 1/1991 privind protecţia socială a şomerilor şi reintegrarea lor profesională, republicată

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LEGE no. 65 65 of 21 April 1997 to amend and supplement Law no. 1/1991 on the social protection of the unemployed and their reintegration, republished
ISSUER PARLIAMENT
Published in OFFICIAL MONITOR no. 74 74 of 24 April 1997



The Romanian Parliament adopts this law + Article 1 Law no. 1/1991 on the social protection of the unemployed and their professional reintegration, republished in the Official Gazette of Romania, Part I, no. 257 of 14 September 1994, shall be amended and supplemented as follows: 1. Article 24 (1) (d) shall read as follows: " d) the granting of loans on favorable terms, with a interest of 50% of the official account fee established by the National Bank of Romania at the deposit constituted with the banking company designated by auction, for the establishment or development of small and medium-sized enterprises or cooperative units, with no more than 200 employees or, as the case may be, cooperators, in order to create new jobs, especially for the unemployed. The Ministry of Labour and Social Protection will transfer, semi-annually, to the account of the banking company authorized to grant loans, part of the Fund for the payment of unemployment benefits, within the limits of the amount approved by the state social insurance budget 2. In Article 24, paragraph (2) the introductory part and letter a) shall read as follows: " (2) In order for a small or medium-sized enterprise or a cooperative unit to be able to benefit from loans according to art. 24 24 para. ((1) lit. d) must meet the following conditions: a) to hire unemployed, at least 50% of the number of new jobs-created by using the loans granted. If the beneficiary of the loans lay off persons employed under the above conditions, before 3 years of employment, he or she is obliged, on the places that have become vacant, for whatever reasons, to fall personally from the same category, in a the period not exceeding 30 days from the date on which they became vacant. In case of non-compliance with this condition, the economic agent will bear a penalty equal to the size of the credit granted for each job created and unoccupied. Penalties shall be paid to the Fund for the payment of unemployment benefits. " 3. in Article 24 (2), after point c), the following shall be inserted: " d) new jobs, taken into account when granting credits under the conditions of par. ((1) lit. d), not to be the result of staff redundancies in the last 12 months before the conclusion of the credit agreement. " 4. Article 24 (3) shall read as follows: " (3) Maximum credit duration may be up to 3 years, including grace period. If the economic operator requests a new credit, it may be granted subject to the full payment of the previous credit. " + Article 2 Law no. 1/1991 on the social protection of the unemployed and their professional reintegration, republished in the Official Gazette of Romania, Part I, no. 257 of September 14, 1994, as amended and with those brought by this law, will be republished in the Official Gazette of Romania, Part I. This law was adopted by the Chamber of Deputies at the meeting of April 1, 1997, in compliance with the provisions of 74 74 para. (1) of the Romanian Constitution. CHAMBER OF DEPUTIES PRESIDENT ION DIACONESCU This law was adopted by the Senate at the meeting of April 1, 1997, in compliance with the provisions of art 74 74 para. (1) of the Romanian Constitution. SENATE PRESIDENT PETRE ROMAN -----------------