14 major water conservancy funds in the province are collected by the Commissioner's office on a monthly basis and directly paid into the state treasury. Provincial power grid enterprises, self-owned power plant enterprises and local independent power grid enterprises shall report the actual electricity sales (spontaneous self-use electricity) of last month and the major water conservancy funds that should be paid to the local Commissioner's office before 10 every month. The Commissioner's Office shall complete the declaration and review before 12 every month, determine the amount of major water conservancy funds, and issue a general payment book for non-tax income to the reporting enterprise. Provincial power grid enterprises, self-owned power plant enterprises and local independent power grid enterprises shall pay the funds in full according to the payment amount stipulated in the general payment book for non-tax revenue issued by the Commissioner's Office before 15 every month.
What are the relief policies for water conservancy construction funds?
The headquarters of financial institutions newly established or introduced in the province, large-scale equity investment management companies newly introduced outside the province and abroad, and local water conservancy construction funds are exempted for 3 years.
In order to raise funds for major national water conservancy projects, ensure the smooth implementation of major national water conservancy projects and promote sustainable economic and social development, these measures are formulated in accordance with relevant state regulations.
The National Fund for Major Water Conservancy Projects is a government fund established by the state to support the construction of the South-to-North Water Diversion Project, solve the follow-up problems of the Three Gorges Project and strengthen the construction of major water conservancy projects in the central and western regions.
Legal basis:
Interim Measures for the Administration of the Collection and Use of National Major Water Conservancy Project Construction Funds in People's Republic of China (PRC)
Eleventh enterprises with their own power plants and local independent power grid enterprises should accurately measure the spontaneous self-use electricity and sales electricity. If it cannot be accurately measured, the Commissioner's Office and the provincial financial department shall, according to their maximum power generation (sales) capacity, verify the spontaneous self-use electricity and sales electricity, and determine the amount of major water conservancy funds.
Twenty-second major water conservancy funds should be used in strict accordance with the provisions, the implementation of earmarking, year-end balance carried forward to the next year to continue to use. The payment of major water conservancy funds shall be implemented in accordance with the relevant provisions of the financial treasury management system.