Chương 4 Nghị định 92/2005/NĐ-CP Hướng dẫn Pháp lệnh Thủ đô Hà Nội: Đầu tư xây dựng, phát triển thủ đô

Chapter 4:

INVESTMENT IN CONSTRUCTION, DEVELOPMENT OF CAPITAL

Article 22. Auction of land use rights

1. City People's Committee is allowed to mobilize and use revenue from the auction of land use rights to invest in social - economic infrastructure development of the City as provided by law.

2. Based on the capital demand for development investment according to the city planning and available land fund, the People's Committee of Hanoi city advances the budget for infrastructure construction projects of land auctioned land use right. The advanced amount will be refunded after completion of the auction.

Article 23. Advance of unemployed fund and the provisions of collection rate of charges and fees

After agreeing with the Ministry of Finance, the People's Committee of Hanoi city may:

1. Advance the central budget capital and other sources (not required to pay charge) to accelerate construction progress of works, projects invested by the city budget capital and other goals and tasks of City. The City must balance its budget to pay debt when due.

2. Submit to the City People’s Council for deciding collection rates of charges, fees, contributions, regulations and standards and norms for expenditure in accordance with the law regulations consistent with the typical characteristics of the Capital and the ability to balance the City budget.

Article 24. Decentralization of investment management

President of the People's Committee of Hanoi city has the rights:

1. To decide on investment regardless of investment capital size for projects invested by budgets of the city and the legal capital source mobilized by the city in the field of construction of new urban areas and housing, the system of urban technical infrastructure, technical infrastructure, social infrastructure, agriculture and rural development.

2. To approve the projects of foreign direct investment (FDI) with total investment capital up to USD 40 million excluding the areas otherwise specified by the Government, the investment projects funded by non-returnable official development assistance (ODA) with total investment up to USD 2 million and the ODA projects with total investment capital up to USD 10 million if the city may balance their source of repayment.

3. To authorize the President of the People's Committees of districts, heads of departments and boards, branches of the City to decide on investment in group-C projects and implement investment in the projects funded domestic capital under the approval authority of the president of City People's Committee.