of December 12, 2002 No. 1530-XV
About indexation of money deposits of citizens in Savings bank
The parliament adopts this organic law.
This law provides obligations of the state to the citizens of the Republic of Moldova who had money deposits in Savings bank as of January 2, 1992 and establishes the basic principles of indexation, amount and payment procedure of the indexed amounts.
The deposits of citizens of the Republic of Moldova in Savings bank as operating, and renewed for July 29, 1994 proceeding from their remaining balance as of January 2, 1992 are indexed:
a) in the ratio 1 ruble: 1 leu the first thousand total rubles of remaining balance on all accounts of one physical person (investor);
b) in the ratio 2, ruble: 1 leu on the remaining balance exceeding the amount specified in Item and), for one physical person (investor).
The indexed amounts specified in Article 2, are paid step by step since 2003.
(1) Payment of the indexed amounts is performed at the expense of means of the government budget.
(2) In the annual law on the budget the amount of the financial resources intended for payment of the indexed amounts for the corresponding year is established.
(3) For payment of the indexed amounts the Government can raise funds of special grants.
(1) Indexing of the amounts and payment of the indexed amounts are performed at the request of investors step by step, originally the first thousand rubles, and then - on the remaining balance exceeding the first thousand rubles depending on year of birth of the investor.
(2) Payment of the indexed amounts is performed less the amounts paid according to the Resolution of Parliament on indexation of deposits of the population in organizations of Savings bank of Moldova No. 201-XIII of July 29, 1994.
In case of the death of the investor the unpaid remaining balance of the indexed amount is paid according to part provisions (1) Article 5 to his legitimate heirs.
To the government:
a) in a month to approve Regulations on indexation and payment procedure of the indexed amounts on money deposits of citizens in Savings bank;
c) bring the regulations into accord with this law.
To savings bank:
a) in a month from the date of approval of the Provision, stipulated in Item and) Articles 7, to specify data on the number of accounts and remaining balance of deposits on them as of January 2, 1992, for investors who shall receive the indexed amounts in 2003;
b) annually till December 1 according to Item b) Article 7 to specify the database of receivers of the indexed amounts the next year.
Questions of indexation and payment of money deposits of citizens of the Republic of Moldova in organizations of Savings bank in settlements of left bank of Dniester will be considered after recovery of the financial and budget relations of these settlements with the government budget of the Republic of Moldova.
Due to the revocation of license on implementation of financial activities and initiation of process of involuntary liquidation of Banca de Economii S.A bank.:
a) reception of applications for indexation and payment of the indexed amounts are performed through the state company "Posta Moldovei";
b) the expenses connected with reception of applications for indexation and payment of the indexed amounts, suffered by the state company "Posta Moldovei" are settled at the expense of the government budget.
From the date of entry into force of this law the Resolution of Parliament on indexation of deposits of the population in organizations of Savings bank of Moldova No. 201-XIII of July 29, 1994 is declared invalid.
Chairman of the parliament
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