Advanced Search

Law No. 157 Of 28 July 1998

Original Language Title:  LEGE nr. 157 din 28 iulie 1998

Subscribe to a Global-Regulation Premium Membership Today!

Key Benefits:

Subscribe Now for only USD$40 per month.
LEGE no. 157 157 of 28 July 1998 for the ratification of the Loan Agreement between Romania and the Fund for International Economic Cooperation-Japan on the Development Project of the Port of Constanta-South, signed in Tokyo on 27 February 1998
ISSUER PARLIAMENT
Published in OFFICIAL MONITOR no. 300 300 of 14 August 1998



The Romanian Parliament adopts this law + Article 1 The Loan Agreement between Romania and the Fund for International Economic Cooperation-Japan on the Development Project of the Port of Constanta-South, signed in Tokyo on 27 February 1998, hereinafter referred to as the Agreement, in the amount of 12,800 Japanese yen. + Article 2 The implementation of the agreement will be carried out by the Constanta Port Administration, designated as an implementing agency. + Article 3 The Ministry of Finance will conclude with the Constanta Port Administration a subloan agreement, whereby it is delegated the entire authority and responsibility for the effective implementation of the project. + Article 4 The contribution of the Romanian Government to the implementation of the project, as well as the funds necessary to repay the loan, to pay interest, commissions and other external costs related to the credit will be provided from the Port of Constanta, final beneficiary of the loan, and, in addition, from the state budget, through the budget of the Ministry of Transport. + Article 5 The Romanian Government is authorized that, through the Ministry of Finance, we agree with the Fund for International Economic Cooperation to introduce, during the use of the loan, in relation to the conditions of the agreement, amendments to its content, which concern changes in the structure of the loan by category, as well as any other details and changes that are not likely to increase Romania's financial obligations towards the Fund for Economic Cooperation International or to determine new economic conditionalities from those originally agreed between Parts. This law was adopted by the Senate at the meeting of June 30, 1998, in compliance with the provisions of art 74 74 para. (2) of the Romanian Constitution. p. SENATE PRESIDENT CRISTIAN DUMITRESCU This law was adopted by the Chamber of Deputies at its meeting on July 9, 1998, in compliance with the provisions of 74 74 para. (2) of the Romanian Constitution. p. CHAMBER OF DEPUTIES PRESIDENT PAULA IVANESCU AGREEMENT 27/02/1998