Decision No. 70/QD-BTC allocates preferential credit loan capital to Soc Trang Province for implementing programs to reinforce irrigation canals, develop rural transportation roads, aquaculture infrastructure, and village craft infrastructure in 2011 with a total amount of 30 billion VND.
Scope of application
People's Committee of Soc Trang Province; relevant departments of Soc Trang Province; Vietnam Development Bank
Key points
- The People's Committee of Soc Trang Province is allocated preferential credit capital of 30 billion VND to implement the aforementioned program (Article 1).
- Relevant agencies of the province must manage and use the credit capital in accordance with regulations and actively mobilize other legitimate financial sources (Article 2).
- If the locality does not sign a loan contract with the Vietnam Development Bank before May 31, 2011, the Ministry of Finance will reallocate the capital to other localities.
- When the locality fails to repay the previous year's loan principal on time, the branch of the Vietnam Development Bank will temporarily refrain from providing further loans.
🌐 Social impact of this document
- Soc Trang Province has additional capital to invest in rural infrastructure development and improve the livelihoods of its residents.
- The Vietnam Development Bank is responsible for providing credit capital as prescribed.
- Other localities may be affected if Soc Trang Province does not effectively utilize the allocated capital.
❓ Frequently asked questions
Which province is allocated preferential credit loan capital?
Soc Trang Province is allocated preferential credit loan capital.
What is the amount of preferential credit loan capital allocated to Soc Trang Province?
The amount of preferential credit loan capital allocated to Soc Trang Province is 30 billion VND.
By what date must the locality sign a loan contract with the Vietnam Development Bank?
The locality must sign a loan contract before May 31, 2011.
Full text
|
MINISTRY OF FINANCE |
SOCIALIST REPUBLIC OF VIET NAM |
|
Number: 70/QD-BTC |
Hanoi, January 13, 2011 |
Pursuant to …;
Regarding the allocation of preferential credit capital for implementing programs to reinforce irrigation canals, develop rural roads, aquaculture infrastructure, and village craft infrastructure in 2011
---------------------------
THE MINISTER OF FINANCE
Pursuant to the Decree No. 118/2008/NĐ-CP dated November 27, 2008 of the Government stipulating the functions, tasks, powers, and organizational structure of the Ministry of Finance;
Pursuant to Decision No. 13/2009/QD-TTg dated October 21, 2009 of the Prime Minister on the use of state development credit capital to continue implementing the Program to reinforce irrigation canals, develop rural roads, aquaculture infrastructure, and village craft infrastructure in the period from 2009 to 2015;
Pursuant to Decision No. 56/2009/QD-TTg dated April 15, 2009 of the Prime Minister amending and supplementing Decision No. 13/2009/QD-TTg dated January 21, 2009 of the Prime Minister on the use of state development credit capital to continue implementing the Program to reinforce irrigation canals, develop rural roads, aquaculture infrastructure, and village craft infrastructure in the period from 2009 to 2015;
Pursuant to Decision No. 2139/QD-TTg dated November 23, 2010 of the Prime Minister on the allocation of economic and social targets for 2011;
CONSIDERING the proposal of the Director of the State Budget Department,
DECISION:
Article 1. The allocation of preferential credit capital for implementing the Program to reinforce irrigation canals, develop rural roads, aquaculture infrastructure, and village craft infrastructure in the province (city) of Soc Trang in 2011 is 30,000 million VND.
Article 2. The People's Committee of the province (city) of Soc Trang directs relevant departments and the People's Committees of districts to allocate, manage, and use the above credit capital according to regulations; actively utilize local budget funds, mobilize contributions from the public, and other lawful financial sources as stipulated in Decision No. 66/2000/QD-TTg dated June 13, 2000, Decision No. 132/2001/QD-TTg dated September 7, 2011 of the Prime Minister, and Circular No. 156/2009/TT-BTC dated August 3, 2009 of the Ministry of Finance guiding the mechanism for borrowing state development credit capital to implement the Program to reinforce irrigation canals, invest in rural road projects, aquaculture infrastructure, and village craft infrastructure in rural areas to organize implementation; allocate domestic investment development capital from the local budget (including land use fee revenue) to repay according to the loan contract with the Vietnam Development Bank.
In case the locality has not signed a loan contract with the Vietnam Development Bank Branch by May 31, 2011, the Ministry of Finance will reallocate the loan capital to other localities.
When the loan repayment deadline for the previous year arrives, if the locality has not repaid the loan, the Vietnam Development Bank Branch will temporarily refrain from providing further loans until the locality fulfills its repayment obligations under the signed contract.
|
Distribution: |
DEPUTY MINISTER
|
Relations map
Click a document to open. A red border = a relation that changes validity.
Translations
This document is available in the following languages: