The Ministry of Finance has proposed an amendment to the Act on Budget Rules of Regional and Municipal Authorities (zákon o rozpočtových pravidlech územních samospráv). The main aim of the Bill is to clarify the process of state subsidiary policy towards regions and municipalities. Stating this, the Ministry intends to support the regional development and transparency of the money provision process. The Bill precisely defines the term subsidy and financial support that should be paid for back to the grant authority (state budget or regional development funds). It also states under which conditions a regional or municipal authority has to pay the subsidy back in case of misuse or malpractice.
The Ministry welcomes any commentary till 15 November in the comment procedure. For further information regarding the Bill, click here (explanatory report).