Decision No. 13/2009/QD-TTg on the use of state credit investment capital to continue implementing programs for canal reinforcement, rural road development, aquaculture infrastructure, and rural craft village infrastructure from 2009 to 2015.

DECISION

On the use of state investment credit capital to continue implementing programs for canal reinforcement, rural road development, aquaculture infrastructure, and rural craft village infrastructure from 2009 to 2015

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PRIME MINISTER

Pursuant to the Law on Organization of the Government dated December 25, 2001;

Pursuant to the Government Decree No. 151/2006/NĐ-CP dated December 20, 2006 on state investment credit and export credit;

Considering the proposal of the Minister of Finance,

DECIDES:

Article 2. The Ministry of Planning and Investment and the Ministry of Finance shall be responsible for allocating the annual plan for state investment credit capital. For the year 2009, due to the need to stimulate investment, the allocated capital amount is VND 40,000 billion from the following sources:

- The mobilized capital of the Vietnam Development Bank assigned by the Prime Minister under Decision No. 1675/QĐ-TTg dated November 19, 2008 is VND 10,000 billion.

- Advance VND 30,000 billion from the central budget to the Vietnam Development Bank to serve as a source for localities to borrow.

From 2010 onwards, the allocation will be lower (approximately VND 20,000 billion per year).

Article 3. The Vietnam Development Bank shall be responsible for lending to localities to implement programs for canal reinforcement, rural road development, aquaculture infrastructure, and rural craft village infrastructure, and collecting debts according to regulations. At the same time, it shall be responsible for repaying the central budget the advanced capital (VND 30,000 billion).

Localities borrowing state investment credit capital to implement the aforementioned programs must have the responsibility to repay debts to the Vietnam Development Bank on schedule.

As for the repayment capital source, localities shall use domestic investment development capital (including land use fee revenue) allocated in the annual budget balance of localities for repayment.

Article 5. This Decision takes effect from the date of issuance.

This Decision replaces Decision No. 184/2004/QĐ-TTg dated October 22, 2004 of the Prime Minister on the use of state investment credit capital to continue implementing programs for canal reinforcement, rural road development, aquaculture infrastructure, and rural craft village infrastructure from 2006 to 2010.

Article 6. The Ministers, Heads of ministerial-level agencies, Heads of government agencies, Chairpersons of provincial People's Committees under the direct jurisdiction of the central government shall be responsible for implementing this Decision./.