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Law No. 63 Of 20 March 1998

Original Language Title:  LEGE nr. 63 din 20 martie 1998

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LEGE no. 63 63 of 20 March 1998 on approval Government Emergency Ordinance no. 71/1997 for the ratification of the Loan Agreement between Romania and the International Bank for Reconstruction and Development-Project on the Rehabilitation of Schools-signed in Washington on October 2, 1997
ISSUER PARLIAMENT
Published in OFFICIAL MONITOR no. 120 120 of 20 March 1998



The Romanian Parliament adopts this law + Article UNIC Approval Government Emergency Ordinance no. 71 71 of 6 November 1997 for the ratification of the Loan Agreement between Romania and the International Bank for Reconstruction and Development-The Project on the Rehabilitation of Schools-signed in Washington on October 2, 1997, published in the Official Gazette of Romania, Part I, no. 307 of 12 November 1997, with the following amendments and additions: 1. The title of the ordinance shall read as follows: "Ordinance for the ratification of the Loan Agreement between Romania and the International Bank for Reconstruction and Development, signed in Washington on October 2, 1997" 2. Article 1 shall read as follows: "" Art. 1. -The loan agreement between Romania and the International Bank for Reconstruction and Development, amounting to 70 million dollars equivalent to the equivalent, presented in the Annex to this Emergency Ordinance, is ratified. " 3. Article 2 shall read as follows: "" Art. 2.-The application of the agreement will be made by the Ministry of National Education, designated as an implementing agency. The Ministry of Finance will conclude with the Ministry of National Education a subsidiary loan agreement, which will transmit to it the obligations and liabilities arising from the loan agreement provided for in art. 1 1. " 4. Article 3 shall be repealed. 5. Article 5 shall read as follows: "" Art. 5. -The Government is authorized that, through the Ministry of Finance, in agreement with the International Bank for Reconstruction and Development, to introduce during the use of the loan, in relation to the concrete conditions for carrying out the loan agreement, amendments to its content, which concern changes in the structure of the loan to destinations, as well as any other changes that are not likely to increase Romania's financial obligations to the International Bank for Reconstruction and Development or to determine new economic conditionings from those agreed initially between the parties. " This law was adopted by the Chamber of Deputies at its meeting on March 2, 1998, in compliance with the provisions of 74 74 para. (2) of the Romanian Constitution. p. CHAMBER OF DEPUTIES PRESIDENT ANDREI IOAN CHILIMAN This law was adopted by the Senate at the meeting of March 2, 1998, in compliance with the provisions of art 74 74 para. (2) of the Romanian Constitution. p. SENATE PRESIDENT CRISTIAN DUMITRESCU --------------------