Chapter 1 General Provisions Article 1 In order to further strengthen the management of fiscal working capital funds (hereinafter referred to as working capital funds) for supporting underdeveloped areas, improve the paid use management mechanism of fiscal working capital funds, and improve the efficiency of the use of working capital funds, To better support the economic development of the old, minority, border and poverty-stricken areas, these measures are specially formulated in accordance with the Ministry of Finance's "Management Measures for Local Financial Working Capital Funds", "Measures for the Management of Special Working Capital Funds of the Ministry of Finance" and other relevant regulations. Article 2 The fiscal working capital funds for supporting underdeveloped areas referred to in these measures specifically refer to the following fiscal working capital funds:
1. Budget poverty alleviation funds
2. New development funds
p>3. Food and clothing fund
4. Paid use of border construction subsidies Article 3 Working capital fund is a paid investment and periodic recovery set up by the national finance to support the economic development of economically underdeveloped areas. , special funds for turnover use. No department, unit or individual may change its nature and purpose. Article 4: Financial funds of a financial nature to support the fiscal turnover of underdeveloped areas shall be arranged, released, and used by the fiscal budget management departments at all levels. Article 5 The use of working capital funds must follow the following principles:
1. Implement the national guidelines and policies to support the economic development of the old, minority, border and poverty-stricken areas;
2. Conducive to the development of the old, minority, border and poverty-stricken areas Rural commodity production can conserve financial resources, increase people's and local fiscal revenue, and take into account both economic and social benefits;
3. According to projects, support will be selected and supported, and key support will be provided; in line with national industrial policies, based on local resources, Developmental production projects that transform resource advantages into commodity economic advantages; leading projects that cover a large area, enrich people and counties, and can help thousands of households quickly get rid of poverty and become rich; production projects that require low investment, quick results, and good benefits.
4. Implement paid use, insist on borrowing and repaying, and ensure the complete recovery and turnover of funds.
5. Working capital shall not be used for speculative projects such as stocks, securities, futures, real estate, etc.; shall not be used for the construction of buildings and halls; shall not be used for unplanned capital construction. Chapter 2 Fund Sources and Fund Utilization Article 6 Sources of working capital:
1. Funds arranged by the fiscal budget;
2. Bank deposit interest collected;
3. The transferred part of the collected fund occupation fees and overdue occupation fees;
4. Other paid funds used to support underdeveloped areas. Article 7: The working capital funds are used in the old, minority, border and poverty-stricken areas, mainly in poverty-stricken counties determined by the state and poverty-stricken counties determined by the provincial people's government. Article 8 Working capital funds are mainly used in planting, breeding, and processing industries in poverty-stricken areas; county and township-run enterprises and their technological transformation projects that are directly related to poverty alleviation or increase county-level fiscal revenue; and other projects focused on poverty alleviation. . Article 9 The use period of working capital funds is determined based on the construction period of the project and the time when the project realizes benefits. Generally it is 1 to 3 years. Chapter 3 Collection and Management of Occupation Fees Article 10 Fund occupancy fees shall be charged to units that use working capital funds. The occupancy fee for working capital funds is set based on the principles of preferential treatment, low rate, and industry differentiation. The main rates are as follows:
1. The annual rate for planting and breeding industry projects is 2%;
2. The annual rate for processing industries and county and township industrial projects related to the planting and breeding industry is 3%. ;
3. Productive projects jointly organized by developed areas and old, young, border and poor areas can borrow working capital from the central government at an annual rate of 4%. Article 11 The capital occupation fee of the working capital fund shall be returned together with the principal when the project loan matures, and the fees will be paid off with the principal. Funds that cannot be returned after the due date will be charged an overdue occupation fee of 10% per year. Article 12: After deducting the necessary business expenses from the fund occupation fees and overdue fund occupation fees collected by the local finance department, the remaining portion shall be converted into the principal of the working capital fund. Expenditures for business fees should generally not exceed 5% of the total occupancy fee income collected in the current year. The specific proportion is determined by the financial departments of each province and region based on local actual conditions. All fund occupation fees and overdue fund occupation fees collected by the central government shall be converted into the principal of working capital funds and shall not be used for other purposes. Article 13: All departments and localities shall not increase the rates for borrowing central fiscal working capital funds in any name. Chapter 4 Management and Supervision Article 14 Financial departments at all levels must implement scale or project management of working capital funds in accordance with the requirements of these Measures. Article 15: The fiscal working capital fund established by the central government to support underdeveloped areas shall be managed on a scale and shall be borrowed and repaid by each province (region) for overall use and management. Article 16: Where working capital funds are used to declare projects to higher-level financial departments, they must attach a project feasibility report and a project establishment report. Article 17 The application and approval of working capital funds and support projects shall be completed step by step in strict accordance with the procedures, and application and approval at higher levels shall not be allowed. Article 18 The selection of support projects and the arrangement of funds must be subject to collective discussion and opinions must be submitted to the competent leadership for review and approval, and a contract must be signed in accordance with regulations to clarify the responsibilities of all parties. Article 19: The higher-level financial department supervises and manages the use of working capital funds of lower-level financial departments. If it is found that the funds have been improperly used or misappropriated, the higher-level financial department has the right to unilaterally terminate the contract and withdraw the allocated funds. Article 20 If the projects for which working capital funds are invested need to be changed due to market changes or other irresistible reasons, the changes can only be made after reporting to the superior financial department for approval according to the fund management authority; funds forming bad debts shall be handled in accordance with the relevant regulations of the Ministry of Finance. Report to superior financial department for record.