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Notice of the People's Government of Zhejiang Province on Issuing the Interim Measures for the Administration of Fixed Assets Investment in Zhejiang Province
Article 1 In order to meet the needs of the socialist market economy and the reform of the investment and financing system, strengthen and improve the management of fixed assets investment, strengthen the investment restraint mechanism, standardize investment behavior, optimize the investment structure, improve investment efficiency, concentrate funds to ensure key construction, and promote the sustained, rapid and healthy development of the national economy, these measures are formulated in accordance with relevant national laws and regulations and in light of the actual situation of this province. Article 2 The term "investment in fixed assets" as mentioned in these Measures refers to the investment in capital construction and technological transformation (including the utilization of foreign capital). Article 3 These Measures shall apply to the fixed assets investment projects of enterprises, administrative institutions and social organizations within the administrative region of this province. Article 4 The management of investment in fixed assets shall follow the principles of standardization, orderliness, simplification, high efficiency, classification, comprehensive balance and emphasis. Article 5 The provincial planned economy department is responsible for the comprehensive management of the province's investment in fixed assets.

The planning (economic) departments of cities (prefectures) and counties (cities, districts) are responsible for the comprehensive management of fixed assets investment in the region.

The relevant departments of provinces, cities (prefectures) and counties (cities, districts) shall assist in the management of fixed assets investment according to their respective responsibilities. Sixth fixed assets investment project management according to the following procedures:

(a) to formulate medium and long-term investment plans (plans);

(two) the preparation and approval of the project proposal;

(three) the preparation and approval of the feasibility study report;

(four) the preparation and approval of the preliminary design;

(five) to prepare and issue the annual fixed assets investment plan;

(six) the preparation and approval of the commencement report;

(7) Organizing the completion acceptance;

(8) Post-organizational evaluation.

The above procedures can be appropriately combined by the competent department of project examination and approval depending on the project construction conditions and investment. Article 7 Project proposal, feasibility study report, corresponding consultation and evaluation report, preliminary design (or implementation plan) and commencement report are collectively referred to as preliminary work documents of the project.

Large and medium-sized capital construction projects, technological transformation and utilization of foreign capital projects above designated size, loan projects from international financial organizations and projects that require examination and approval as stipulated by the state, the preliminary working documents of the projects shall be submitted to the provincial planning economic department for examination by the provincial industrial department or the municipal (local) planning (economic) department, and then submitted to the State Planning Commission or the State Economic and Trade Commission for examination and approval.

Small capital construction projects and technological transformation and utilization of foreign capital projects below the quota shall be examined and approved at different levels according to provincial regulations. Eighth kinds of fixed assets investment projects must be unified into the fixed assets investment plan. The competent planning (economic) department shall, according to the different stages of project management, prepare and issue the annual preliminary work plan or annual investment plan. Article 9 Provincial departments shall be responsible for reporting and forwarding the preliminary work documents of investment projects of their subordinate units and the annual investment plans of the industry.

The provincial department in charge of industry is responsible for putting forward the pre-examination opinions on the preliminary working documents of investment projects from the perspectives of industrial policy, technical policy and industry management, or organizing the examination or approval of the preliminary working documents by entrustment. Tenth levels of finance, finance, statistics, land management, environmental protection, construction, planning, auditing, fire control, safety supervision and other relevant departments, according to their respective responsibilities, responsible for the contents involved in the preliminary work documents of investment projects, and supervise the implementation of the project. Article 11 The land management department shall, according to the national economic and social development plan, the national industrial policy, the overall land use planning and the land demand of cities (prefectures) and industries, put forward suggestions on the annual land development and utilization plan, which shall be issued after comprehensive balance between the provincial planning department and the competent economic department. Article 12 All kinds of funds used for investment in fixed assets shall be included in fixed assets investment plans at all levels. The project legal person or the construction unit and other funded units shall allocate funds according to the annual investment plan and project progress. Thirteenth construction funds in the fiscal budget are mainly used for infrastructure and public welfare projects, and planning (economic) departments at all levels should arrange projects and investments in accordance with the requirements of comprehensive balance. Fourteenth extrabudgetary construction funds and transportation, electric power, water conservancy, post and telecommunications, education and other special construction funds arrangements. The competent department of industry puts forward suggestions on investment plans, the financial department reviews the sources of funds, and the competent department of planning issues the annual investment plan after comprehensive balance, and the financial department issues the capital plan accordingly and supervises the implementation. Fifteenth to strengthen the connection between credit funds, securities funds and fixed assets investment plans, as well as the management of project approval related to the source of funds. Improve the joint meeting system of provincial construction funds, guide the investment of funds, and give priority to key projects and key enterprises. Article 16 Strengthen the management of the credit standing, availability of funds and loan repayment of all investors in foreign-invested projects. Foreign-invested enterprises' overseas financing under the guarantee of China institutions, as well as the issuance of stocks and bonds abroad, should be included in the plan. Seventeenth fixed assets investment projects to implement the capital system. Commercial investment projects can only be built after the funds are implemented. For investment projects that implement the capital system, when preparing the feasibility study report, a capital contribution certificate shall be issued in accordance with the relevant provisions. Eighteenth key construction projects to implement the investment commitment system, project investors to make investment commitments after strict demonstration, construction funds must be synchronized in proportion. Major projects are managed by the fund balance plan.