The funds carried forward from the balance of special transfer payment at the higher level in the land transfer income, which have not been allocated to the balance of departments and lower-level governments for more than two years, shall be returned by the lower-level finance to the higher-level finance for overall use;
If the funds carried forward from the two-year balance are insufficient, the finance at the same level can be used for other projects under the same category. For the land transfer budget has been allocated to the department and the balance has been carried forward for more than two years (including the transfer payment at the same level and at a higher level), it will be recovered by the finance at the same level for overall use.
The special funds and special funds accrued for expanding the income from the transfer of materials and land should be used in strict accordance with the document the State Council 100 and the Administrative Measures for the Transfer of State-owned Land Use Rights (Caizong [2006] No.68) jointly issued by the Ministry of Finance, the Ministry of Land and Resources and the People's Bank of China, giving priority to ensuring the key expenditures such as compensation for land acquisition and demolition and social security subsidies for landless farmers, and rationally arranging the pre-development expenditures.
It is strictly forbidden to use the land transfer income to build buildings, buy official vehicles, distribute subsidies and bonuses, and make up administrative expenses. It is strictly forbidden to use land transfer income to inject capital into industrial investment funds and invest abroad (including lending).
People's Republic of China (PRC) and the Ministry of Finance-What special projects have been accrued (arranged) from the land transfer income?