Article 34(Revenues and Expenditures of Local Autonomous Account) #
(1) The revenues of the local autonomous account of the Accounts shall be as follows: <Amended on Jan. 7, 2014; Jan. 28, 2014; Mar. 11, 2014; Mar. 20, 2018>
1. The amount equivalent to 40/100 of the liquor tax under the Liquor Tax Act;
2. Over-concentration charges attributed to the Accounts under Article 16 of the Seoul Metropolitan Area Readjustment Planning Act;
3. Development charges attributed to the Accounts under Article 4 (1) of the Restitution of Development Gains Act;
4. Fund transferred to the Accounts under Articles 4 (2) 4, 4-2 (2) 3, and 5 (2) 5 of the Act on the Special Account for Agriculture and Fisheries Structure Adjustment;
5. Deposits from the public capital management fund under the Public Capital Management Fund Act;
6. Fund transferred from general accounts or other special accounts;
7. Fund transferred from the local support account, the Jeju Special Self-Governing Province account and the Sejong Special Self-Governing City account of the Accounts;
8. Principal and interest of loans under paragraph (2) 7;
9. Fund transferred under Article 36;
10. Temporary loans under Article 37 (1);
11. Surplus remaining after the settlement of accounts of the preceding year under Article 45;
12. Other incomes attributed to the Accounts under other Acts.
(2) Expenditures from the local autonomous account of the Accounts shall be as follows: <Amended on Jul. 23, 2010; May 19, 2011; May 23, 2012; Jan. 7, 2014; Jan. 28, 2014; Jun. 3, 2014; Mar. 20, 2018>
1. Subsidization for the following projects undertaken by local governments:
(a) Projects related to the expansion of living infrastructure of the basic living zone and which are also development projects in growth promotion areas, areas of special concern, rural areas, areas that require enhancement of urban vitality, etc., conducted by integrating the following matters:
(i) Matters relating to specialized development plans of fishing villages under the Islands Development Promotion Act;
(ii) Matters relating to fostering small local towns under the Act on the Assistance to the Development of Small Local Towns;
(iii) Matters relating to development border areas under the Special Act on Support for Border Area;
(iv) Matters relating to rearrangement of the living environments of agricultural and fishing villages, creation of country-side villages, and development of water for domestic and agricultural use in agricultural villages under the Agricultural and Fishing Villages Improvement Act;
(v) Matters relating to the development of agricultural and fishing villages under the Special Act on Quality Improvement of Life of Farmers and Fishers and Development Promotion of Agricultural and Fishing Villages;
(vi) Matters relating to development of fishing villages under the Fishing Villages and Fishery Harbors Act;
(vii) Matters relating to regional development projects under the Regional Development Assistance Act;
(viii) Matters relating to improvement of urban environments under the Act on the Improvement of Urban Areas and Residential Environments;
(ix) Matters relating to development of mountain areas under the Framework Act on Forestry and the Forestry and Mountain Villages Development Promotion Act;
(x) Matters relating to development of local water supply systems under the Water Supply and Waterworks Installation Act;
(xi) Matters relating to plans on specialized development of fishing villages under the Special Act on Support for Specialized Development of Fishing Villages;
(b) Projects related to the expansion and improvement of local infrastructure;
(c) Projects related to the development and expansion of regional cultural, artistic, athletic and tourism resources;
(d) Projects for the creation of industrial infrastructure, such as expansion of regional logistics and distribution infrastructure;
(e) Projects for the development and utilization of local specialties unique to a region;
(f) Other projects subsidized by local governments, excluding the ones prescribed by Presidential Decree;
2. Expenses incurred in conducting research and survey projects to facilitate balanced national development;
3. Redemption of the principal and interest of deposits from the public capital management fund under the Public Capital Management Fund Act;
4. Redemption of the principal and interest of temporary loans under Article 37 (1);
5. Expenses incurred in managing and operating the account;
6. Fund transferred to the local support account, the Jeju Special Self-Governing Province account, and the Sejong Special Self-Governing City account of the Accounts;
7. Other support for expenses incurred in undertaking projects related to balanced national development as prescribed by Presidential Decree, by means of loans, etc.
(3) Matters necessary for the objects and conditions of loans and the procedures therefor under paragraph (2) 7 shall be prescribed by Presidential Decree.
[This Article Wholly Amended on Apr. 22, 2009]
[Title Amended on Mar. 20, 2018]