Circular No. 21/TC-ĐT guiding the management and use of funds for technical and economic feasibility study reviews

CIRCULAR

MINISTRY OF FINANCE
Guidelines for managing and using funds for economic and technical feasibility study review

Pursuant to the Construction Management Regulations issued together with Decree No. 385/HĐBT dated November 7, 1990 of the Council of Ministers (now the Government);

Following Circular No. 01/TT-LB dated March 9, 1991 of the State Planning Committee - Ministry of Construction - Ministry of Finance - State Bank guiding the implementation of Decree No. 385/HĐBT;

I. GENERAL PRINCIPLES

1. Funds for economic and technical feasibility study review ensure costs for investment preparation work of construction projects. This amount is extracted from the funds for preparing economic and technical feasibility studies and shall not exceed 5% of such funds.

2. The source of funds for the feasibility study review work shall be from the same source as the project's capital.

3. The management and use of funds for economic and technical feasibility study review of construction projects shall be carried out according to the current construction management regulations and the provisions set forth in this Circular.

II. USE OF FUNDS FOR ECONOMIC AND TECHNICAL FEASIBILITY STUDY REVIEW

1. Funds for economic and technical feasibility study review shall be used for the following purposes:

Costs for organizations and experts (including foreign experts) participating in research, evaluation, and comments on economic and technical feasibility studies under economic contracts between organizations, individuals, and experts with the Feasibility Study Review Board.

Costs for members of the Board participating in evaluating and commenting on economic and technical feasibility studies (excluding salary costs).

Costs for the review process of the Board, including travel, food, and accommodation expenses for Board members during the feasibility study review period.

Costs for business guidance (if any).

Costs for renting working equipment to serve the review work.

Costs for printing, publishing, and storing documents serving the feasibility study review work.

Costs for printing, publishing, and storing documents serving the feasibility study review work.

2. The分级管理和分配可行性研究审查资金的规定如下：

1. 对于限额以下的项目：项目业主将经批准的可行性研究审查资金全部转给部、省、市一级的可行性研究审查委员会主席管理和使用。

2. 对于限额以上的项目：项目业主将经批准的可行性研究审查资金的60%转给部、省、市一级的可行性研究审查委员会主席；剩余的40%转给国家级的可行性研究审查委员会管理和使用。

3. 对于国家重点工程：项目业主将经批准的可行性研究审查资金的70%转给国家级的可行性研究审查委员会主席；剩余的30%转给省、市一级的可行性研究审查委员会主席管理和使用。

III. MANAGEMENT OF FUNDS FOR ECONOMIC AND TECHNICAL FEASIBILITY STUDY REVIEW

1. Each year, based on the list of investment preparation projects assigned by the State, the project owner shall prepare a plan for feasibility study review funds and submit it to the investment management authority (the central ministry for central projects, provincial people's committees for local projects) for approval.

1. Funds for economic and technical feasibility study review shall be used for the following purposes:

The investment management authority shall approve and consolidate the feasibility study review funds in their own sector's and level's investment preparation plans to submit to the State Planning Committee and the Ministry of Finance for approval and inclusion in the annual budget plan.

2. Based on the approved feasibility study review fund plan for each project, the project owner shall implement the extraction and transfer of feasibility study review funds to the Feasibility Study Review Board according to the project quota as stipulated in point 2 (part II) above.

3. The Chairpersons of the Feasibility Study Review Boards at all levels shall be responsible for preparing and managing the budget estimates, managing the funds, and conducting annual settlement of feasibility study review funds and settlement upon completion of the feasibility study review work for each project with the corresponding financial authorities.

The total cost of feasibility study review can only be used within the approved budget estimate and within the scope of the extracted funds. Any surplus funds must be promptly and fully remitted to the same-level state budget.

4. After the feasibility study is approved, based on the approved feasibility study review fund settlement for each project, the project owner may settle this fund item into the investment preparation cost category and include it in the value of the completed project when handed over for use.

This Circular takes effect from the date of signature. During the implementation process, please report any difficulties to the Ministry of Finance for timely research and amendment./.

IV. EFFECTIVE DATE

This Circular takes effect from the date of issuance. During the implementation process, the relevant ministries, sectors, localities, and grassroots units are requested to report any difficulties to the Ministry of Finance in a timely manner for study and amendment./.