Article 1 In order to expand the effective domestic demand and promote the sustained and stable development of the national economy, the State Council has decided to issue a certain amount of national debt 1998, which will be lent by the Ministry of Finance to provincial governments, with emphasis on local infrastructure projects. In order to strengthen the management of treasury bonds lending funds, give full play to the due benefits of lending funds, and stimulate the economic growth of the province, these measures are formulated. Article 2 Lending funds belong to intergovernmental lending, and governments at all levels should proceed from local conditions and determine and implement the sources of repayment funds according to the characteristics of construction projects. The financial departments at all levels are the creditor's rights and debtor's representatives of the government at the same level. Article 3 The principles for determining this refinancing fund project are as follows: First, it is mainly used for projects under construction or projects that have completed the preliminary work and have the conditions for commencement, so as to prevent repeated construction; Second, the determination of the project should consider both the needs of local economic and social development and the comprehensive repayment ability. Article 4 The main investment of loan funds are: (1) investment in agriculture, forestry and water conservancy; (2) investment in transportation facilities; (3) investment in urban infrastructure and environmental protection; (4) Construction and transformation of urban and rural power grids; (5) Other construction projects. Article 5 Local planning and financial departments of cities and counties shall, according to the above principles, the use of loan funds, local economic and social development planning and financial possibilities, propose local construction projects using loan funds (led by the planning department), which shall be audited by the government at the same level and submitted to the Provincial Planning Commission and the Department of Finance. The Provincial Planning Commission and the Provincial Department of Finance shall conduct an audit according to the basic construction procedures, refer to the financial resources available for construction in various places, and determine the construction projects and required funds using the local lending funds, and report them to the provincial government for examination and approval. Article 6 The Provincial Department of Finance shall, according to the construction projects approved by the provincial government and the required funds, sign an agreement with the administrative offices, city and county governments on the use of loan funds for construction projects. The contents of the agreement include: the use of loan funds, the administrative affiliation of the project, the loan amount, the loan term, the loan interest rate, the repayment commitment, the penalty for breach of contract, etc. Article 7 The repayment period of the refinancing fund is 10 year, including a 2-year grace period; The repayment period of rural power grid is 15 years, in which the grace period is 10 years. The annual interest rate is 5%. From the date when the Ministry of Finance allocates funds, the loan funds will begin to bear interest on the project unit or prefecture, city and county. Project units or cities and counties must repay the principal and interest to the Provincial Department of Finance within the time limit stipulated in the lending agreement. Article 8 The financial departments of cities and counties around the country shall open special accounts for borrowing funds from treasury bonds in state-owned commercial banks. According to the agreement on the use of lending funds for construction projects signed by the province and cities and counties, the Provincial Department of Finance will timely allocate the lending funds to the special accounts set up by the financial departments of cities and counties in batches, and the financial departments of cities and counties will allocate them to the project implementation units according to the agreement. Article 9 The project implementation unit and its competent department shall use the refinancing funds in strict accordance with the purposes stipulated in the Agreement on the Use of Refinancing Funds for Construction Projects, speed up the construction of the project, put it into production as soon as possible, stimulate local economic growth, and strive to improve the efficiency in the use of funds on the premise of ensuring quality. Within 30 days after the end of the tenth year, the financial departments of cities and counties that use refinancing funds shall submit the use of refinancing funds to the Provincial Department of Finance. Eleventh administrative office, city and county governments to repay the principal and interest of refinancing funds from the city and county comprehensive financial resources, including: (1) the project implementation unit to repay the principal and interest of refinancing with investment income; (2) Capital construction funds arranged in the budget; (three) government funds included in the budget management; (four) the part of extra-budgetary funds used for capital construction; (5) Other funds. Article 12 Financial departments at all levels shall be responsible for supervising and inspecting the use of lent funds, mainly including supervising and inspecting whether the project implementation units and their competent departments use lent funds in accordance with the agreement, and whether there are collusion, misappropriation and interception. Article 13 Where the financial departments and project implementation units of cities and counties around the country intercept or misappropriate the lent funds, in addition to immediately deducting the allocated funds and stopping the disbursement, they shall also hold the parties and the competent leaders accountable. Fourteenth lending funds due to be unable to repay the principal and interest, the provincial department of finance fully deducted the provincial tax refund to cities and counties. Fifteenth approach by the Provincial Department of Finance is responsible for the interpretation of.