Scheme on Establishing the Local Development Investment Fund: What are the contents?

According to the provisions of Clause 1, Article 7 of Decree 147/2020/ND-CP (Effective from February 05, 2021), the content is stipulated as follows:

When there is a need to establish a Local Development Investment Fund, the Provincial People's Committee shall prepare a scheme for the establishment of the Fund and submit it to the Provincial People's Council for approval. The scheme for establishing the Fund includes the following basic contents:

- The objectives, necessity, and feasibility of establishing the Fund, the need for investment in socio-economic projects in the locality, scale, scope, activities, and impacts of the establishment of the Fund on the socio-economic development in the locality.

- The plan for arranging the projected charter capital of the Fund to ensure the actual charter capital at the time of establishment as stipulated in Clause 1, Article 6 of this Decree. When using state budget funds to allocate charter capital for the Fund, the scheme must clearly state the amount of money and the arrangement of funding in the medium-term public investment plan of the locality.

- The plan and operational funds of the Local Development Investment Fund, including the expected mobilization capacity of the Fund within 03 years from the establishment.

- The draft Charter for the organization and operation of the Local Development Investment Fund in accordance with the provisions of Article 8 of this Decree.

- Specific explanations about the organizational structure and operating apparatus of the Fund.

- The projected list of personnel including: Chairman, Vice Chairman, and members of the Fund Management Council, Supervisory Board, Director, and other key personnel of the Fund meeting the standards and conditions as stipulated in this Decree.

- The method for organizing the management and operation of the Fund as stipulated in Clause 1, Article 14 of this Decree.

- The projected operational and financial plan of the Local Development Investment Fund within 03 years from the establishment, including a list of projects expected for loans, investments, and their socio-economic effectiveness.

Sincerely!