Circular No. 47/2003/TT-BTC guiding the amendment of Circular No. 25/2003/TT-BTC dated March 28, 2003 of the Ministry of Finance on the collection, submission, management, and use of fines from administrative violations in the field of traffic safety and order.

CIRCULAR OF THE MINISTRY OF FINANCE

Guidelines for amending Circular No. 25/2003/TT-BTC dated 28/3/2003 of the Ministry of Finance

on the collection, submission, management, and use of fines from administrative violations

in the field of traffic safety and order

Pursuant to Ordinance No. 44/2002/PL-UBTVQH10 dated July 16, 2002 of the Standing Committee of the National Assembly on handling administrative violations;

Pursuant to Decree No. 87/CP dated December 19, 1996 of the Government on decentralization in budget management, execution, and settlement, and Decree No. 51/1998/NĐ-CP dated July 18, 1998 of the Government amending and supplementing certain articles of Decree No. 87/CP dated December 19, 1996 of the Government on decentralization in budget management, execution, and settlement;

The Ministry of Finance issues guidelines for amending certain points of Circular No. 25/2003/TT-BTC dated March 28, 2003 of the Ministry of Finance guiding the collection, submission, management, and use of fines from administrative violations in the field of traffic safety and order as follows:

1. In Point 3, Section I, amend as follows:

"3. Every 15 days (at the beginning and middle of the month), based on the actual amount of fines collected and recorded as local government revenue reported by the State Treasury of the province or centrally governed city, the Department of Finance and Price shall temporarily allocate the fine revenue to beneficiaries according to the ratio specified in Section II of this Circular. At the beginning of the following month, adjustments will be made based on actual figures; if the temporary allocation is less than the prescribed amount, additional allocations will be made to make up the difference; if the temporary allocation exceeds the prescribed amount, the excess will be deducted from the allocation for the next period."

2. In Paragraphs 2.1 and 2.2, Point 2, Section IV, amend as follows:

"2.1. After the Department of Finance and Price has temporarily allocated the fine revenue to beneficiaries, the State Treasury at the provincial or centrally governed city level shall immediately transfer the funds into accounts opened at the State Treasury for the forces: Police; Traffic Inspectors; Forces directly involved in traffic safety assurance at district and commune levels; State Treasury of the province or centrally governed city; Weighing and Inspection Stations; Provincial and centrally governed city Traffic Safety Committees. These forces may temporarily withdraw funds from their own accounts for use in accordance with this Circular.

2.2. On the 5th day of each month, the State Treasury at the provincial or centrally governed city level shall notify the Department of Finance and Price in writing about the total fine revenue collected from the previous month for administrative violations in the field of traffic safety and order; the amount temporarily allocated to the forces responsible for maintaining traffic safety and order in the previous month; based on this information, the Department of Finance and Price shall promptly allocate, adjust, and distribute funds to the forces responsible for maintaining traffic safety and order in accordance with Section II of this Circular."

This Circular takes effect 15 days after its publication in the Official Gazette.