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Law No. 199 Of 20 April 2001

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

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LEGE no. 199 199 of 20 April 2001 for approval Government Emergency Ordinance no. 279/2000 on the approval of payment sources for the payment by the Ministry of Finance of the financial obligations assumed by the General Credit and Promotion Bank-BANKCOOP-S.A. arising from the Loan Agreement between Romania and the International Bank for Reconstruction and Development for the Financing of the Industrial Development Project, in the amount of 120 million U.S. dollars, signed in Washington on March 21, 1995
ISSUER PARLIAMENT
Published in OFFICIAL MONITOR no. 209 209 of 25 April 2001



The Romanian Parliament adopts this law + Article UNIC Approval Government Emergency Ordinance no. 279 279 of 14 December 2000 on the approval of payment sources for the payment by the Ministry of Finance of the financial obligations assumed by the General Credit and Promotion Bank-BANKCOOP-S.A. arising from the Loan Agreement between Romania and the International Bank for Reconstruction and Development for the Financing of the Industrial Development Project, in the amount of 120 million U.S. dollars, signed in Washington on March 21, 1995, published in the Official Gazette of Romania, Part I, no. 689 of 21 December 2000, with the following amendments and additions: 1. Article 1 shall read as follows: "" Art. 1. -The financial obligations assumed by the General Credit and Promotion Bank-BANKCOOP-S.A., due in the period from July 15, 2000 to January 15, 2007, in the amount of 1.644.483 U.S. dollars, representing capital ratios, plus the related interest rates, derives from the Loan Agreement between Romania and the International Bank for Reconstruction and Development for the Financing of the Industrial Development Project, in the amount of 120 million U.S. dollars, signed in Washington on March 21, 1995, shall be paid by the Ministry of Finance and have as a source of payment the risk fund constituted for payment external public debt, based on Public Debt Law no. 81/1999 and, in addition, from the state budget. " 2. in Article 2, paragraph 2 is inserted as follows: " (2) For this purpose the Export-Import Bank of Romania-S.A. ((Eximbank) will follow the manner of compliance with the immediate payment obligations by BANKCOOP-S.A. from the loan beneficiaries under the said loan agreement. " This law was adopted by the Senate at the meeting of March 19, 2001, in compliance with the provisions of art 74 74 para. (2) of the Romanian Constitution. p. SENATE PRESIDENT, DORU IOAN TARACILA This law was adopted by the Chamber of Deputies at its meeting on March 27, 2001, in compliance with the provisions of 74 74 para. (2) of the Romanian Constitution. CHAMBER OF DEPUTIES PRESIDENT VALER DORNEANU -------