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Act on the Agriculture Protection Fund.

Country/Territory
Poland
Document type
Legislation
Date
2023
Source
FAO, FAOLEX
Original source
Journal of Laws 2023 Pos. 1130
Subject
Agricultural & rural development
Keyword
Basic legislation Special fund Liability/compensation Agricultural development
Geographical area
Eastern Europe, Europe, Europe and Central Asia, European Union Countries
Entry into force notes
This Act enters into force on 1 July 2023.
Abstract

The main objective of this Act is to create legal possibilities guaranteeing agricultural producers compensation for the loss of income from their agricultural activity in the event of bankruptcy of buyers of agricultural products. The Fund establishes the separate bank account at the disposal of the National Support Center for Agriculture. The Fund's income will consist of: (1) payments to the Fund made by purchasing entities; (2) interest on funds deposited with the minister responsible for public finance; (3) funds recovered by the National Support Center for Agriculture as a result of bankruptcy proceedings against purchasing entities that became insolvent, for the benefit of the Fund for claims after payment of compensation to agricultural producers.

Full text
Polish
Website
isap.sejm.gov.pl