Law No. 97 Of 10 June 1997

Original Language Title:  LEGE nr. 97 din 10 iunie 1997

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Law No. 97 of 10 June 1997 approving Ordinance No. 30/1996 on the regulation for the State at the International Monetary Fund and how the financial impacts resulting from transactions with International Monetary Fund ISSUER PARLIAMENT Published in MONITORUL OFICIAL nr. 118 of 10 June 1997, the Romanian Parliament adopts this law.


The sole article approving Ordinance No. 30 of 7 august 1996 on regulating for the State at the International Monetary Fund and how the financial impacts resulting from transactions with the International Monetary Fund, adopted pursuant to article 1. and (b). the Act No.) 65/1996 for empowering the Government to issue decrees and published in the Official Gazette of Romania, part I, no. 186 of 12 august 1996, with the following amendments and supplements: 1. Article 1 (2) shall read as follows: "the difference remaining neregularizata at 30 June 1996, amounting to 4,780.2 billion lei is highlighted in the accounts of the National Bank of Romania, in a separate account, nepurtator of interest. This amount is eşalonează, since 1997, a period of 15 years, repartizindu every year, proportionately, in the expenditure of the National Bank of Romania. "
2. Article 2 shall read as follows: "beginning with the month of July 1996, all rights and obligations of the Romanian State, as a result of transactions with the International Monetary Fund is reflected in the management of the National Bank of Romania, according to the methodology approved by the Ministry of finance."
3. Article 3 shall read as follows: Art. 3.-unfavorable Differences resulting from the revaluation of assets and liabilities in foreign currency, reflected in the accounts of the National Bank of Romania on 30 June 1996, as set out in the annex. 3, will highlight further the accounting of Banca Naţională a României, in a separate account, Emmanuel nepurtator, and will be distributed in the expenditure of National Bank of Romania, since 1997, proportionally, over a period of five years. "
4. Article 4 shall read as follows: Art. 4.-unfavorable Differences which will result, since July 1996, from the revaluation of assets and liabilities in foreign currency and precious metals, recorded by the Romanian National Bank, on the basis of the provisions of art. 38 of law No. 34/1991 on the status of National Bank of Romania, it shall record expenses, within the limits of favourable differences highlighted in revenue resulting from the revaluation of assets and liabilities mentioned above. The remaining difference shall be carried over to next year. "
5. Article 5 shall read as follows: Art. 5.-public expenditure in the amount of MDL 337.9 billion, financed in the years 1991-1993 from favourable differences resulting from the revaluation of stocks of precious metals remain definitive. "
6. Article 6 is repealed.
7. Article 7 becomes article 6.
8. Annex 4. 2 shall read as follows: "ANNEX No. 2 of the STATE'S CLAIMS on the National Bank of Romania on 30 June 1996, used to cover the differences in operations with International Monetary Fund No. crt.
Amount of explanations-MDL-1.
Available at the Ministry of Finance of the precious metal in the revaluation year 1992 2,000,000 2.
With the State budget settlements from operations with foreign 320,930,109 TOTAL: 322,930,109 "9. Annex 4. 3 shall read as follows: "ANNEX No.3 UNFAVORABLE DIFFERENCES from revaluation of assets and liabilities in foreign currency no. crt.
Amount of explanations-MDL-1.
Unfavourable rate differences from revaluation of assets and liabilities in foreign currency in the year 1994 312,542,409 2.
Unfavourable rate differences from revaluation of assets and liabilities in foreign currency, in the year 1995 149,630,113 3.
Unfavourable rate differences from revaluation of assets and liabilities in foreign currency at the date of 30 June 1996 248,938,193 TOTAL: 711,110,715 "this law was adopted by the Chamber of Deputies and the Senate sitting in the commune of 26 May 1997, in compliance with the provisions of art. 74 para. (2) and of article 23. 76 para. (2) of the Constitution of Romania.

 


 


 


 

CHAMBER of DEPUTIES PRESIDENT p. p. ANDREW JOHN CHILIMAN SENATE CHAIRMAN MIRCEA IONESCU-QUINTUS Bucharest, June 10, 1997.
No. 97.

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