LAW OF THE REPUBLIC OF MOLDOVA

of May 29, 2014 No. 89

About modification and amendments in the Law on public debt, the state guarantees and the state recrediting No. 419-XVI of December 22, 2006

The Parliament adopts this organic law.

Art. I. – In the Law on public debt, the state guarantees and the state recrediting No. 419-XVI of December 22, 2006 (Official monitor of the Republic of Moldova, 2007, Art. No. 32-35, 114), with subsequent changes, to make the following changes and additions:

1. In the name and in all text of the law of the word "public debt" shall be replaced with words "debt of the public sector" in the corresponding case.

2. Part (Article 1 to state 2) in the following edition:

"(2) are regulated by This law debt on which agreement is signed by the Government on behalf of the Republic of Moldova through the Ministry of Finance, debt of the state/municipal companies, commercial societies with completely or mainly public capital and administrative and territorial units with repayment period one year and more, and also government securities irrespective of the term of their repayment.".

3. In Article 2:

exclude the concept "permanent assignment";

state the concept "the account with charge of percent" of the following edition:

"the account with charge of percent – the deposit account opened in National Bank of Moldova and/or in bank on which money with charge of percent is deposited;";

state the concept "public debt" of the following edition:

"debt of the public sector – set of public debt, debt of administrative and territorial units, debt of National Bank of Moldova, the debt following from internal and external loans of the state/municipal companies and commercial societies with completely or mainly public capital;";

to add the concept "state guarantee" after the words "pending obligations" with words of "the guaranteed debtor";

state the concepts "short term", "average term" and "long term" of the following edition:

Disclaimer! This text was translated by AI translator and is not a valid juridical document. No warranty. No claim. More info