(Establishment)
Article 1. There shall be established a Special Account as distinct from the General Account, in order to make clear the Government accounting concerning the loans in accordance with the Agriculture, Forestry and Fisheries Loans Law (Law No.105 of 1951;hereinafter referred to as "the Law" ).
(Administration)
Article 2. This Account shall be administered by the Minister of Agriculture and Forestry in accordance with the provisions of the Laws and Orders.
(Capital)
Article 3. In this Account, the capital shall be the amount equivalent to the transfers from the General Account and the Special Account for the Counterpart Fund of U. S. Aid to Japan prescribed in Article 4 paragraph 1.
(Annual Revenues and Expenditures)
Article 4. In this Account, the annual revenues shall be redeemed money of and the interests on the loans, the transfer from the General Account and the Special Account for the Counterpart Fund of U. S. Aid to Japan, borrowings prescribed in Article 12 and incidental sundry receipts;the annual expenditures shall be the loans, money to redeem borrowings prescribed in the same Article and the interests thereon, expenses for managing business and other miscellaneous expenses.
2 The transfers from the General Account and the Special Account for the Counterpart Fund of U. S. Aid to Japan prescribed in the preceding paragraph shall be transferred into this Account, as prescribed in the Budget, in order to allot them to the capital of this Account.
(Preparation and Sending of Statement of Estimated Annual Revenues and Expenditures)
Article 5. The Minister of Agriculture and Forestry shall prepare, in each fiscal year, the statement of estimated annual revenues and expenditures of this Account, and send it to the Minister of Finance.
2 To the statement of estimated annual revenues and expenditures prescribed in the preceding paragraph shall be attached the following documents:
(1) Balance sheet and profit and loss statement of the fiscal year before the preceding;
(2) Estimated balance sheets and estimated profit and loss statements of the preceding fiscal year and the fiscal year concerned;
(3) Loan programs of the preceding fiscal year and the fiscal year concerned.
(Classification of Budget of Annual Revenues and Expenditures)
Article 6. The budget of annual revenues and expenditures of this Account shall be divided into titles and items, in accordance with the nature of the annual revenue and the purpose of the annual expenditure.
(Preparation and Submission of the Budget)
Article 7. The Cabinet shall prepare the budget of this Account in each fiscal year and submit it to the Diet together with that of the General Account.
2 To the budget prescribed in the preceding paragraph shall be attached the statement of estimated annual revenues and expenditures prescribed in Article 5 paragraph 1 and the documents prescribed in each item of paragraph 2 of the same Article.
(Disposal of Profit)
Article 8. In case there accrues any profit on the profit and loss accounting of this Account in each fiscal year, it shall be transferred into the General Account, as prescribed by Cabinet Order.
(Transfer of Surplus Cash)
Article 9. In this Account, in case there is any cash on hand on the settlement of account in each fiscal year, the said cash (if, in the fiscal year concerned, there is any amount to be transferred into the General Account in accordance with the provision of the preceding Article, the amount obtained by deducting the said cash) shall be transferred into the annual revenues of this Account of the following fiscal year.
(Preparation and Sending of the Final Statement of Annual Revenues and Expenditures)
Article 10. The Minister of Agriculture and Forestry shall prepare in each fiscal year the final statement of annual revenues and expenditures of this Account, with the same classification as that of the statement of estimated annual revenues and expenditures, and send it to the Minister of Finance.
2 To the final statement of annual revenues and expenditures prescribed in the preceding paragraph shall be attached the balance sheet and the profit and loss statement of the fiscal year concerned.
(Preparation and Submission of the Settlement of Accounts of Annual Revenues and Expenditures)
Article 11. The Cabinet shall prepare, in each fiscal year, the settlement of accounts of annual revenues and expenditures of this Account, and submit it to the Diet together with that of the General Account.
2 To the settlement of accounts of annual revenues and expenditures prescribed in the preceding paragraph shall be attached the final statement of annual revenues and expenditures prescribed in paragraph 1 of the preceding Article, and the balance sheet and the profit and loss statement of the fiscal year concerned prescribed in paragraph 2 of the same Article.
(Borrowings)
Article 12. In case it is necessary for the purpose to raise the fund for the loans in this Account, borrowings from the Trust Fund Bureau may be made, on the responsibility of this Account, within the limitation of the amount prescribed by the budget not exceeding the amount of the capital prescribed in Article 3.
(Business concerning Floatation, Redemption, etc. of Borrowings)
Article 13. Business concerning floatation, redemption, etc. of borrowings under the provisions of the preceding Article shall be managed by the Minister of Finance.
(Transfer into National Debt Consolidation Fund Special Account)
Article 14. The amount necessary for disbursement of the interests on and the money to redeem the borrowings under the provisions of Article 12 shall be transferred into the National Debt Consolidation Fund Special Account every fiscal year.
(Limitation of Expenses Disbursement)
Article 15. In this Account, in case the interests on the borrowings prescribed in Article 12, the business handling expenses and other miscellaneous expenses shall be so disbursed, that the total amount disbursed of the abovementioned expenses at the end of the each fiscal year does not exceed the total amount as received of the interests of the loans and the incidental sundry receipts at the end of the fiscal year concerned.
(Deposit of Surplus Cash)
Article 16. In case there is any surplus cash for payment in this Account, it may be deposited with the Trust Fund Bureau.
(Delivery of Funds)
Article 17. In case the Government entrusts the financial institution with the business concerning the loans in accordance with the provision of Article 5 paragraph 1 of the Law, the Government is authorized to deliver funds necessary for the loans to the financial institution concerned.
(Carrying Forward of the Undisbursed Amount)
Article 18. A budgetary appropriation in this Account covering such expenditure as has become binding and yet has not been disbursed in full by the conclusion of receipt and payment for the fiscal year concerned may be carried forward to and disbursed in the following fiscal year.
2 In case the Minister of Agriculture and Forestry has made the carrying forward under the provisions of the preceding paragraph, he shall notify it to the Minister of Finance and the Board of Audit.
3 In case the carrying forward has been made in accordance with the provision of paragraph 1, the appropriation concerned shall be deemed to be the budget allocated under the provision of Article 31 paragraph 1 of the Finance Law (Law No.34 of 1947).
(Enforcement Provision)
Article 19. Necessary procedural and administrative matters for enforcement of this Law shall be prescribed by Cabinet Order.
Supplementary Provisions:
1 This Law shall come into force as from the day of the enforcement of the Law.
2 The Ministry of Agriculture and Forestry Establishment Law (Law No.153 of 1949) shall be partially amended as follows:
In Article 7, item (13)-3) shall be made item (13)-4);and next to item (13)-2) of the same Article, the following one item shall be added:
(13)-3) Management of the Agriculture, Forestry, and Fisheries Loans Special Account Law.
3 The Law concerning Transfer and Payment from Special Accounts, etc. to the General Account for Appropriation for the Retirement Allowances to be paid to the Retired Officials (Law No.62 of 1950) shall be partially amended as follows:
In Article 1, next to "the State-operated Horse Racing Special Account," , "the Agriculture, Forestry and Fisheries Loans Special Account," shall be added.