Law No. 64 Of 20 March 1998

Original Language Title:  LEGE nr. 64 din 20 martie 1998

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Law No. 64 of 20 March 1998 concerning the approval of the Government Emergency Ordinance nr. 70/1997 on the ratification of the framework agreement for the loan of Romania and the Social Development Fund of the Council of Europe, signed in Paris on October 1, 1997 PARLIAMENT published in ISSUING the OFFICIAL GAZETTE nr. 120 of 20 March 1998 the Romanian Parliament adopts this law.


The sole article approving Government Emergency Ordinance nr. 70 of 6 November 1997 on the ratification of the framework agreement for the loan of Romania and the Social Development Fund of the Council of Europe, signed in Paris on October 1, 1997, published in Official Gazette of Romania, part I, no. 307 of 12 November 1997, with the following amendments: 1. Article 1 shall read as follows: Art. 1.-ratify the framework agreement for the loan of Romania and the Social Development Fund of the Council of Europe, amounting to $ 13.8 million equivalent shown in S.U.A. Annex to this emergency Ordinance. "
2. Article 2 shall read as follows: Art. 2.-implementation of the agreement will be carried out by the Ministry of national education, designated as the implementing agency.
The Finance Ministry will conclude with the Ministry of national education loan subsidiary, through which will transmit its obligations and responsibilities arising from the loan agreement provided for in article 10. 1. "3. Article 3 is repealed.
4. Article 4 shall read as follows: Art. 4.-repayment of the loan, the payment of interest, fees and other internal and external costs will be borne by the Ministry of national education, from your own sources and amounts with this destination, allocated annually from the State budget to the budget of its own. "
5. Article 5 shall read as follows: Art. 5.-the Government is authorized by the Ministry of finance, jointly with the Social Development Fund of the Council of Europe, to introduce during the use of the loan in relation to the concrete conditions of the loan agreement, amendments to its content, relating to changes in the structure of the loan on destinations, without the major destinations of consulting services, studies and professional development "and" unforeseen "Costs compared with the levels in the annex. 1, and any other changes which are not likely to increase the financial obligations of Romania towards the Social Development Fund of the Council of Europe or to determine new economic condiţionari from those initially agreed between the parties. "
This law was adopted by the Chamber of deputies at its meeting on 2 March 1998, in compliance with the provisions of art. 74 para. (2) of the Constitution of Romania.
p. CHAMBER of DEPUTIES PRESIDENT ANDREW JOHN CHILIMAN this law was adopted by the Senate at its meeting on 2 March 1998, in compliance with the provisions of art. 74 para. (2) of the Constitution of Romania.
p. SENATE CRISTIAN DUMITRESCU-— — — — — — — — — — — — — — — — — — —