We the Captains Regent

SAN MARINO


We the Captains Regent of the Most Serene Republic of San Marino

In view of article 4 of the Constitutional Law no.185 / 2005 and Article 6 of Qualified Law
186/2005;
We promulgate and send for publishing the following ordinary law approved by the Great and General Council
its meeting on October 25, 2013:


LAW October 31, 2013 153


"CHANGE THE LAW Ranked # 150 December 21, 2012, CHANGES IN FINANCIAL
PREDICTION OF THE STATE AND LOCAL PUBLIC SECTOR WIDE
FOR THE FINANCIAL YEAR 2013"



Art.1 (Changes to the State Budget Forecasting)

1. In accordance with Article 25 of Law 18 February 1998 n. 30, in compliance with resolution of
of 16 3 State Congress September 2013, has approved the framework of the change to the
State Budget Forecast for the financial year 2013 (Appendix "A") referred to in 'Article 1, paragraph 1
of Law 21 December 2012 n. 150, which is amended as follows:


been forecasting an Entrance Title 1-Tax revenues € 383,692,920.00
Title 2-Revenue extratributarie € 73,299,198.00
Title 3-Alienation, depreciation of assets
and debt repayments of € 1,261,000.00
Title 4-Revenue from power of mortgages and
Loans € 118,728,532.40
Title 5-Matches around € 45,606,000.00
General Total Revenue € 622,587,650.40


forecast for Output State Title 1-Ongoing charges € 460,121,397.30
Title 2-Capital expenditures € 108,742,459.00
Title 3-repayment of loans € 8,117,794.10
Title-4 Matches around € 45,606,000.00
General Total Expenses € 622,587,650.40



Art.2 (Changes to the Company of the Budget Autonomous State for Public Works)

1. In accordance with Article 25 of Law 18 February 1998 n. 30, in compliance with resolution of the Board of Directors
n. 1 of 13 September 2013, has approved the framework of the Change to
Company's Annual Forecast Autonomous State for Public Works for the financial
2013 (Appendix "C") referred to in Article 3 of Law 21 December 2012 n. 150, which is amended
:

Forecasting an Entrance State
Title-1 Current revenues € 16,529,000.00
Title 2 and balance sheet Revenue € 2,000.00
Title 4-Special Accounts € 900,000.00
Title 6-Matches
around € 12,973,000.00 Total € 30,404,000.00 General Revenue || |

forecast for Output State Title 1-Ongoing charges € 10,415,000.00
Title 2-Extraordinary Expenses € 5,870,000.00
Title 3-Capital expenditures € 246,000.00
Title 5-Special Accounts € 900,000.00
Title 6-Matches around € 12,973,000.00
General Total Expenses € 30,404,000.00



Art.3 (Changes to the Financial Forecast Company
Autonomous State for Public Services)

1. In accordance with Article 25 of Law 18 February 1998 n. 30, in compliance with resolution of
90 of the Board of Directors of September 10, 2013, has approved the framework of
Changes to Company of the Budget Autonomous State for Public Services for the year
budget year 2013 (Appendix "D") referred to in Article 4 of Law 21 December 2012 n. 150, which is amended
:


been forecasting an Entrance Title-1 Current revenues € 70,922,000.00
Title 2-Capital movements € 6,050,000.00
Title 3-Special Accounts € 125,070,000.00
Title 5-Matches around € 3,408,856.00
General Total Revenue € 205,450,856.00


forecast for Output State Title 1-current outputs € 63,025,000.00
Title 2-Capital movements-Capital expenditures € 8,939,000.00
Title 3-Special Accounts € 124,663,000.00
Title 4-Extraordinary Expenses € 500,000.00
Title 5-Matches around € 3,408,856.00
General Total Expenses € 200,535,856.00




Art.4 (Changes to the Budget of the Institute for Social Security)

1. In accordance with Article 25 of Law 18 February 1998 n. 30, in compliance with resolution of the Executive Committee
No. 3 of September 12, 2013, has approved the framework of the change to the forecast
Annual Report of the Institute for Social Security for the financial year 2013 (Appendix "F" )
of Article 8 of Law 21 December 2012 n. 150, which is amended as follows:


been forecasting an Entrance Title 1-Financing welfare activities
Health and Socio Sanitaria € 81,168,000.00

Title 2-financing social security activities € 190,630,000.00
Title 3-Revenue from administrative activities,
technical and general services € 17,472,000.00
Title-4 Revenue arising from the sale
assets of € 105,000.00
Title 5-acquisition financial resources € 24,229,000.00
Title 6-Matches around € 14,446,000.00
General Total Revenue € 328,050,000.00


forecast for Output State Title 1-current outputs € 310,454,000.00
Title 2-Outputs capital € 3,150,000.00
Title 3-Repayment of //
Title-4 Matches around € 14,446,000.00
General Total Expenses € 328,050,000.00

2. The second paragraph of Article 8 of Law 21 December 2012 n. 150 is amended as follows:
"For the purposes and effects of Article 26, third paragraph, of Law 20 December 2002 n. 112, the
Congress of State is authorized to provide the Institute for Social Security, for the year 2013,
an endowment fund for health care and for the financing of social and health service | || attributable chapter on 1-10-4590, in the € 66,500,000.00 "measure.



Art.5 (Changes to the Financial Forecast of the University)

1. In accordance with Article 25 of Law 18 February 1998 n. 30, in compliance with resolution of the Board of Directors of the University
No. 14 of September 13, 2013, has approved the framework
of the Forecast Budget Variation of the University for the financial year 2013
(Appendix "G") referred to in Article 9 of Law 21 December 2012 n. 150, which is amended as follows:


been forecasting an Entrance Title-1 Current revenues € 5,852,390.00
Title 2-Capital revenue € 154,000.00
Title-4 Matches around € 750,000.00
General Total Revenue € 6,756,390.00


forecast for Output State Title 1-Ongoing charges € 5,853,150.00
Title 2-Charges Capital € 153,240.00
Title 3-Matches around € 750,000.00
General Total Expenses € 6,756,390.00



Art.6 (Allocation of funds to Township Councils)

1. The second paragraph of Article 20 of Law 21 December 2012 n. 150 is amended as follows:
"For the purposes of Article 29 of Law 22 of 24 February 1994, the AASLP
is authorized to make available to the Township Councils the sum of € 385,000.00 to be charged on
relevant chapters of the Company's Budget it. ".



Art.7 (Mortgage tie)

1. Article 22 of Law 21 December 2012 n. 150 is amended as follows:
"Art. 22
(Mortgage tie)

And 'it allowed the lighting of a mortgage balance of the Budget deficit for 2013
up to the amount of € 33,728,532.40. "



Art.8 (Set Extraordinary property taxes)

1. The second and third paragraphs of Article 36 of Law 21 December 2012 n.
150 are repealed.



Art.9 (Science and Technology Park)

1. The first paragraph of Article 47 of Law 21 December 2012 n. 150 is amended as follows:
"Art.47
(Science and Technology Park)

Given the Memorandum of Understanding for the construction of the Science Park and Technology
San Marino - Italy, signed November 6, 2012 by the Government of the Republic of San Marino
, the Presidents of the provinces of Rimini and Pesaro and Urbino, by the Parks
Italian Science and Technology, University of the Republic of San Marino, by the Associations
category of San Marino, Rimini and Pesaro and Urbino, in order to give the same enforceability and
so to conclude the preparatory work for the realization of the above stated
Park and the establishment and operation of the same, is establishing chapter 1-4-3705 "startup expenses
operation Science and Technology Park San Marino - Italy "
with an allocation for the year 2013 of € 340,000.00. The resources of the above mentioned budget will be used: for the
incurrence of consulting and professional services charges; for implementation of the plan
communication and the production of advertising and events material; for the provision of services aimed
technological innovation and for all other costs relating to the incubator business. And 'it established
Chapter 2-4-7163 "Purchase furniture and capital goods Business Incubator - Science and Technology Park
", with a budget for the financial year 2013, amounting to € 80,000.00. ".



Art.10 (Interventions to change the Laws on social security)

1. Paragraph 7 of Article 50 of the n.150 / 2012 law is replaced by:

"In the field of dental care, defined by Article 7 of Decree 37 of March 26, 1996, amended and supplemented
with Decree 71 of May 5, 2005 and with the Managing Decree 2 August 2011
n. 123, it establishes the repeal of the point 1. it also repealed Section 4 of Managing
Decree 26 of February 11, 2011 and point 3 of the Decree of 5 May 2005 71. The cost of these benefits is
deductible from taxable income under subparagraph h) of Article 6 of the Law of 13 October 1984
91 and subsequent amendments and additions. ".
2. Paragraph 8 of Article 50 of the Law n.150 / 2012 is replaced as follows:
"In the field of psychotherapy, you have to repeal the reimbursements of the Health System
equal to 50% of the benefit, provided for in Article 4 of the Decree of 26 March 1996 n.37.
The cost of these services is deductible from taxable income under subparagraph o) of Article 6
Law 91 of October 13, 1984 and subsequent amendments and additions. ".



Art.11 (Participation of the Republic of San Marino
Universal Exposition of Milan 2015)

1. The third paragraph of Article 61 of Law 21 December 2012 n. 150 is amended as follows:
"It mandates the State Congress to adopt before 31 December 2013, a special decree delegate
governing the duration, the joint and the organizational arrangements, economic and
operation of the General Commission. This statutory instrument may provide any
derogation to the current administrative and accounting procedures limited to the operation
outside the territory of the High Commissioner or the Pavilion. ".



Art.12 (Issuance of government bonds)

1. The purpose of the acquisition of resources for the financing of intervention referred to in Article
13, the Congress of State is authorized to issue, by 31 December 2013 at the
government securities up to an amount of € 105,000,000.00;
2. The methods and emission times, placement and redemption of the debt securities referred to
preceding paragraph, as well as their features and specifications, they will be defined by a specific
Chief Executive Decree that constitutes the Issue Regulations. The Predicted Decree
must provide the following minimum requirements:
a) of the debt instrument Type: zero coupon (bond without incurring periodic coupons
interest, issuance below par compared to the nominal value and with a yield
represents the difference between the face value and the issue price);
B) Duration: not more than 10 years;
C) Possibility for the State to reimburse all or part of the debt to a
certain date through the exercise of one or more types of call options;
D) Remuneration rate: not more than that paid by securities with the same characteristics
issued by states with a similar sovereign rating to that of the Republic of San Marino
;
E) Subscription: reserved for:
i. authorized parties San Marino in accordance with Law 17 November 2005 n. 165;
Ii. Companies or public bodies of the State;
Iii. Companies or entities participating State,
iv. pension funds of San Marino law;
V. Fund Social Services. 3
. For the purpose of entering the sums arising from the placement of the securities referred to in this Article shall be established
Chapter incoming 1214 "Subscription Issuance Public"
with a budget amounting to € 85,000,000.00;
4. With effect from the current financial year and up to one in which reimbursement will take place
of the titles should be deployed and engaged, for each financial year, the amounts relating to the share
part of any related interest. Such sums will find entry on chapter outgoing 1-3-
2425 "Quote interests Issuance Public".
5. The balance sheet item that constitutes the outstanding amount of the loan, increased
for each financial year, for an amount equal to the portion of interest for the
same financial year and until it reaches a value of residual debt of
to the nominal one.



Art.13 (Balance Strengthening of the Savings Bank)

1. And 'it authorized the Congress of State to support the capital strengthening of
Savings Bank of the Republic of San Marino SpA through the use of resources allocated
on 2-3-6365 chapter "Measures to balance the system strengthening bank
San Marino - underwriting equity participation ", amounting to € 85,000,000.00.
2. The intervention of capital strengthening will consider:
a) The subscription of new shares resulting from the share capital increase

Approved by the Institute of Credit up to a value of € 1,000,000.00;
B) payment in a special fund for a future capital increase of Sparkasse
San Marino SpA of € 84,000,000.00. 3
. The Fund referred to in paragraph 2, point b) will be converted into share capital in the
accordance with the provisions of the Multi-annual Plan of Implementation authorized by the Central Bank.
4. The operation referred to in this Article shall be granted as an exception to the provision
Article 2, paragraph 1, third paragraph of the law 29 November 1995 n. And 130, with reference to the possible connection
compared to the transaction referred to in Article 12, in
derogation from Article 30, paragraph 9, of Law 47 of February 23, 2006 and its subsequent amendments and | || integrations.



Art.14 (documents Supply sure)

1. The Congress of State is authorized to allocate costs for supplies relating to materials
consumption "system producing secure documents" on the current financial year and
concerning the financial year 2014, attributing the relative burden on Chapter 1- 8-2310 "Featuring
stationery and printing, transport, photocopiers, porterage etc.".





Art.15 (Sewer payment transactions)

1. Article 33 of Law 71 of June 27, 2013 is amended as follows:
"Art.33
(Sewer payment transactions)

1. All accreditations of emoluments arising from employment, excluding
fees related to pensions, paid by the Public Administration, Public Bodies,
companies with state participation and the Central Bank of the Republic of San Marino, should
only be made by means of bank transfer having as beneficiary bank
a bank operating in the Republic of San Marino. ".
2. The provision referred to in the preceding paragraph shall also apply to the payment of emoluments
for company officers and to all subjects, individuals and legal entities, which have a
consulting contract and / or continuous collaboration similar to employment
with the entities referred to in the preceding paragraph.



Art.16 (Repeals)

1. Article 40 of 71/2013 Act is amended as follows:
"Art.40
(Repeals)

1. And 'it repealed any provision contrary to the present law and in particular:
- Delegate Decree 65 of May 29, 2007. ".



Art.17 (Cancellation of Ecc.ma Room leases)

1. The leases of properties owned by the Most Excellent Chamber leased to private entities
and used to service industrial, commercial, craft, operation
habitual and professional of any self-employment activities and social interest can be terminated
dall'Ecc.ma Room with effect from each maturity, as well as in the cases provided for in Article 16 of the Law
February 20, 1991 26, even if the fee originally does not comply with the agreed
market prices or in case the conditions agreed in the contract are inconsistent with
supervening legislation or for proven reasons of public interest.
2. The provision in the preceding paragraph shall apply mutatis mutandis to leases of real estate owned
Most Excellent Chamber leased to private entities and used for industrial activities
production, for craft production activities and art - traditional, with hotel and restaurant activities
. 3
. The cancellation is notified by registered letter with acknowledgment of receipt by
sent notice to the tenant, the State Accounting - Heritage Section at least six months before the expiration
for the contracts referred to in the first paragraph and ten months before the expiry for
contracts in the second paragraph. In the event that the tenants' families found not to qualify for other income
addition to those directly attributable to the outstanding in the property in question, the
cancellation is notified at least twelve months prior to the expiry of contract.



4. In cases of termination of the lease referred to in this Article, the monthly installments stipulated
for starter allowance referred to in Article 20 of the law 20 February 1991 n.26 are
halved.



Art.18 (Provisions on the structure of the Public Administration)

1. The State Congress has the power to adopt delegated decree in order to:
a) regulate the transformation of existing public bodies in UO Public Administration;
B) centralize, according to criteria to curb spending and homogeneity, transversal functions
in the wider public sector, assigning jurisdiction to UO provided

Annex A to Law 188 of December 5, 2011, also integrating, if necessary, the
mission.



Art.19 (Provisions on public employment and expenditure control)

1. Pending the definition of the requirements laid down in Article 65 of 188/2011 Law, the
replacement rates established by Chapter II - Measures for the containment and reduction of the burden of Annex Z to pay
law 200 of 22 December 2011 may be periodically modified
and / or differently defined on the basis of individual sectors of the Public
Administration and Public Corporations by resolution of the State Congress to be adopted on a proposal by the
the Governing Council, in order to pursue more effectively, taking into account the diverse needs and
characteristics of those sectors, a progressive reduction of staff
employed by the public sector.
2. The control over the proceedings of the bodies of the public sector relative to
option of appointing, in consultation and cooperation that are not covered, the
under the current provisions, the Commission's power of control
Public Finance is entrusted to the Auditors of the same Entities auditors who verify, in particular, the
compliance with Article 73 of Law 168 of 21 December 2009 and Article 44, third and fourth paragraphs of the Law
150 of December 21, 2012, by sending a quarterly report to Congress of State
about the outcomes of supervision carried out in the period and by informing the Commission of Public Finance Control
any failure to comply with current legislation | || accounting of the state.



Art.20 (Set of weapons for sale)
stamp
1. On the sale of any firearm (weapon body) so it is necessary to issue a
approval by the Gendarmerie tax of € 5.00 stamp is applied.
2. The collection of the tax stamp above are paid quarterly by
payment amount at the Registry Office and Conservatory. 3
. The stamp duty applicable on the basis of the upper paragraph 1 is modified by decree delegate
.
4. It repealed Article 7 e) of the Decree of 1 September 2003 n. 113.
5. This provision shall not apply to the practices with effect from the implementation Archives central computer
.


Art. 21
(Transitional rule for Associations)

1. Associations who have not completed the formalities for the year 2011, provided
Article 37 of Law 129 of July 23, 2010, when they provide the same
by the date of 30 November 2013, in a totally extraordinary, will be liable for payment of penalties imposed by
Industry, Commerce and Handicrafts to the extent of one-twentieth of the same
.
2. The payment of penalties, such small, must be made within the 31 December 2013




Art.22 (Entry into force)

This Law shall enter into force on the fifth day following that of its legal publication
.






Our Residence, this day of 31 October 2013/1713 dFR




THE CAPTAINS REGENT
Gian Carlo Capicchioni - Anna Maria Muccioli





THE SECRETARY OF STATE FOR INTERNAL AFFAIRS


Gian Carlo Venturini