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 Collection and Use of National Major Water Conservancy Construction Funds.
14 provinces Article 10 Major water conservancy funds shall be 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.
The Commissioner's Office shall complete the final settlement of major water conservancy funds payable by relevant enterprises before the end of March of the following year according to the actual annual sales electricity (spontaneous self-use electricity) of provincial power grid enterprises, self-owned power plant enterprises and local independent power grid enterprises. When the Commissioner's Office makes settlement and payment, it will review the electricity consumption of power users who have not paid the electricity fee and the power grid enterprises who have written off bad debts, and after confirmation, it will not be included in the actual sales electricity of relevant enterprises throughout the year. 16 the specific measures for the collection and management of major water conservancy funds in the province shall be formulated by the local provincial financial department.
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.