Law No. 199 Of 20 April 2001

Original Language Title:  LEGE nr. 199 din 20 aprilie 2001

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Law No. 199 of 20 April 2001 to approve the Emergency Ordinance of Government No. 279/2000 approving the payment sources for payment by the Ministry of finance to financial obligations assumed by the General Credit Bank and promotion-BANKCOOP Corporation arising from the loan agreement between Romania and the International Bank for reconstruction and development to finance industrial development project, worth 120 million dollars, signed at Washington S.U.A. on 21 March 1995 PARLIAMENT ISSUING published in MONITORUL OFICIAL nr. 209 of 25 April 2001, the Romanian Parliament adopts this law.


The sole article approving Government Emergency Ordinance nr. 279 of 14 December 2000 approving the payment sources for payment by the Ministry of finance to financial obligations assumed by the General Credit Bank and promotion-BANKCOOP Corporation arising from the loan agreement between Romania and the International Bank for reconstruction and development to finance industrial development project, worth 120 million dollars, signed at Washington S.U.A. at 21 March 1995 published in the Official Gazette of Romania, part I, no. 689 of 21 December 2000, with the following amendments and supplements: 1. Article 1 shall read as follows: Art. 1. Financial obligations assumed by-Bank Credit and promotion General-BANKCOOP-S.A., due during the period 15 July 2000-15 January 2007, in the amount of $1,644,483, representing S.U.A. capital instalments, plus interest, arising from the loan agreement between Romania and the International Bank for reconstruction and development to finance industrial development project worth 120 million u.s. dollars signed in Washington S.U.A. on 21 March 1995, shall be paid by the Ministry of finance and are the source of payment risk fund set up to pay external debt, public debt under the law No. 81/1999 and, in addition, from the State budget. "
2. Article 2 shall be inserted in paragraph (2) with the following contents: "(2) for that purpose Export-Import Bank of Romania-S.A. (Eximbank) will follow the way of observing the obligations of immediate payment by the BANKCOOP-S.A. from beneficiaries of the framework loan agreement."
This law was adopted by the Senate at its meeting on 19 March 2001, in compliance with the provisions of art. 74 para. (2) of the Constitution of Romania.
p. PRESIDENT of the SENATE, DANIELS T this law was adopted by the Chamber of deputies at its meeting on 27 March 2001, in compliance with the provisions of art. 74 para. (2) of the Constitution of Romania.
PRESIDENT Of The CHAMBER Of DEPUTIES VALER DANNER — — — — — — —