Decision on the Management and Use of National Reserves
关于国家储备库管理与使用的决定
ຂໍ້ຕົກລົງ ວ່າດ້ວຍການຄຸ້ມຄອງ ແລະ ນຳໃຊ້ຄັງສະສົມແຫ່ງລັດ
Summary
The Minister of Finance issued a decision regulating the conditions for use, approval authority, coordination mechanisms, and document preparation procedures for national reserves under normal and emergency situations to ensure timely, economical, efficient, and auditable utilization of national reserves.
Articles
Article 1
Article 1: Purpose
This Decision aims to provide a basis for the strict and uniform implementation nationwide of regulations and systems concerning the National Reserve; to clearly define the authority and responsibility for approving and utilizing the National Reserve, making them detailed and clear, to ensure timely, economical, efficient, and auditable execution.
Article 2
Article 2. Scope of Application
This Decision applies to individuals, legal entities, and organizations related to the use of the National Reserve.
Article 3
Article 3: Interpretation of Terms
The terms used in this Decision shall have the following meanings:
1. Normal situation refers to a situation that proceeds according to routine, having a normal nature in social work activities and daily life, except for other circumstances stipulated for emergency situations.
2. Emergency situation refers to natural disasters, tragic accidents, fires, widespread epidemics, terrorist activities, invasions, financial crises, and other situations requiring urgent handling.
3. Victim refers to an individual or family that has suffered losses due to an emergency situation or disaster, and whose loss assessment has been fully certified in writing by the local government and relevant committees.
4. Market regulation refers to participating in the management and intervention of prices during a financial crisis to regulate the prices of certain strategic commodities, such as food grains and fuel oil, to maintain them at an economically affordable level.
Showing the first 3 of 12 articles. Open the LaoPaniti app for the full trilingual text.
Read the full trilingual text with AI explanation in the LaoPaniti app← LaoPaniti home: AI legal Q&A · contract drafting · Chinese-Lao translation