Responsibilities and Authorities of the State Treasury in Investment Capital Management

Responsibilities and Authorities of the State Treasury in Investment Capital Management (Illustrative Image)

Circular 85/2014/TT-BTC stipulates the responsibilities and authorities of the State Treasury in managing investment capital from the state budget for the implementation of the Forest Protection and Development Plan as follows:

- Control and promptly and fully disburse funds for projects when conditions are met and within the prescribed timeframe;- Provide written opinions to the investor for any reductions in payments or refusal of payments, as well as respond to issues raised by the investor regarding fund payments;- The State Treasury only controls payments based on documents provided by the investor and in accordance with the stipulated payment principles, not being responsible for the accuracy of the quantity, standards, unit prices, and quality of the project;- Has the right to request the investor to provide documents, materials, and relevant information to serve the payment control work;- Regularly urge investors and Project Management Boards to adhere to advance capital disbursement and recovery, cooperating with investors to inspect advanced capital and recover unused or misappropriated funds;- Implement information reporting policies and final settlement of investment fund usage according to the stipulated policies;- Periodically and unexpectedly inspect investors on project implementation status, compliance with policies, financial investment development policies, and management and usage of investment capital;- At the end of the planned year, confirm the amount paid during the year, cumulative payments from the start of the project until the end of the state budget year for each project at two points: until January 31 of the following year and until June 30 of the following year with the contents specified in Form No. 08/DCSLTT attached to this Circular.

For details, see Circular 85/2014/TT-BTC, effective from August 15, 2014.

Ty Na

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