Circular 47/1999/TT-BTC

CIRCULAR No. 47/1999/TT-BTC of May 5, 1999 guiding the management and allocation of investment capital for the construction of infrastructure projects in mountainous, deep-lying and far-flung communes meeting with great difficulties

This Circular applies to construction investment projects in 1,000 communes meeting with great difficulties under the Prime Minister�s Decision No.135/1998/QD-TTg of July 31, 1998.

Sources of investment capital for these projects shall be based mainly on the people�s capital and labor contributions as well as the State budget�s annual supports. The People�s Committees of the provinces and centrally-run cities shall have to allocate capital for each project within the assigned State plan. The Ministry of Finance shall manage and allocate investment capital for the projects through the State Treasury system.- (Summary)