USD/MDL - 17.96 ▲ 0
EUR/MDL - 20.13 ▲ 0
VMS_91 - 3.03%
VMS_364 - 9.54%
BONDS_2Y - 7.40%
SP500 - 769.05 ▲ 0.34%
GOLD - 4,137.50 ▼ 1.07%
SILVER - 57.00 ▼ 0.67%
EURUSD - 1.12 ▲ 0%
BRENT - 114.16 ▲ 25.34%
GAS - 2.95 ▲ 6.12%

Controls over the expenditure of public funds in the regions will be tightened

The Ministry of Infrastructure and Regional Development has clarified the procedure for submitting documentation on investment costs when implementing projects financed from the National Fund for Regional and Local Development. The regulations it has drawn up set out the obligations of beneficiaries more clearly.
Tatiana Sichirliiscaia Tatiana Sichirliiscaia Reading time: 2 minutes
Text size
Link copied
investment project

In particular, Regional Development Agencies and the National Office for Regional and Local Development are being granted new powers in the implementation of such projects.

They will be required to sign primary documents, handover certificates for sets of documents confirming the value of investment costs, as well as certificates establishing such costs in connection with the procurement of goods, services, construction, renovation and other procedures during the implementation of projects. The documents will then be forwarded to their beneficiaries – local authorities or owners’ associations in block-of-flats developments.

The document also specifies the timing of the transfer of documentation relating to investment costs, establishes the procedure and order for their transfer to beneficiaries, sets out the procedure for accounting for funds allocated from the fund, approves the forms of documents required for the transfer of investment costs, and so on.

Furthermore, local authorities are granted the right to transfer the relevant property to economic operators for management – including on a trust basis – for lease, under a concession or by other means, whilst retaining ownership of the property.

The document will be considered at the next government meeting and will come into force upon its publication.

This story was translated with the assistance of artificial intelligence.The translation was also reviewed by the Logos Press editorial team.


How did this story make you feel?

Comments

0

No comments yet. You can start the conversation.

Comments are open to readers with a Logos Press account.

Sign in to comment

More from author*

We always appreciate your feedback!

Latest news
Popular now*
Must Read*