Law No. 91 Of 25 May 1999

Original Language Title:  LEGE nr. 91 din 25 mai 1999

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Law No. 91 of 25 May 1999 approving the Emergency Ordinance of Government No. 57/1998 on the granting by the State, through the Ministry of finance guarantees for bond issues on the foreign financial markets published in PARLIAMENT ISSUING the OFFICIAL GAZETTE nr. 247 of 1 June 1999, the Romanian Parliament adopts this law.


The sole article approving Government Emergency Ordinance nr. 57 of 28 December 1998 on the granting by the State, through the Ministry of finance guarantees for bond issues on the foreign financial markets, published in the Official Gazette of Romania, part I, no. 512 of 30 December 1998, with the following change: In the sole article, paragraph (1) shall read as follows: "article. -(1) authorizes the Ministry of finance to underwrite in the name and on behalf of the State, loans, interest and all costs associated with the bond issues carried out sales transactions through the private market, entered into between an autonomous electricity Directed "Leo", reorganized the company into national Electricity Corporation, and MERRILL LYNCH, in the amount of $ 135 million: S.U.A., with a maturity of 12 February 2002;
-1,350 million Japanese yen, with maturity on 13 February 2000. "
This law was adopted by the Chamber of deputies at its meeting on 26 April 1999, 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 of 13 April 1999, in compliance with the provisions of art. 74 para. (2) of the Constitution of Romania.
p. PRESIDENT of the SENATE, DANIELS T — — — — — — — — — — — —