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CROATIAN LOWER HOUSE DISCUSSES STATE-SUPPORTED HOUSING SAVINGS

ZAGREB, Oct 2 (Hina) - The Croatian Parliament House of Representatives of Thursday ended an extensive discussion on the final bills on housing savings and state stimulation of housing savings, as well as the state-supported fund for long-term financing of house-building.
ZAGREB, Oct 2 (Hina) - The Croatian Parliament House of Representatives of Thursday ended an extensive discussion on the final bills on housing savings and state stimulation of housing savings, as well as the state-supported fund for long-term financing of house-building. #L# The bills create a legal framework for stimulating saving and housing construction with the support of the state aimed at making housing funds widely available, with as little interest as possible , and with the main goal of helping young families, the proposer of the law, Djuro Njavro, (Croatian Democratic Union, HDZ) said. As suggested by Njavro, the housing savings banks would aggregate citizens' deposits aimed exclusively at housing credits, and at the end of the year, savings accounts with 5,000 kuna (about US$ 800) at the most would be awarded with a premium of 25 % of the amount from the state budget, but under the condition that the account is left intact for at least five years. The second bill proposes the founding of a fund for the long- term financing of housing construction with the support of the state at the Croatian Reconstruction and Development Bank. One percent of current budgetary expenses from the past year would annually be invested into the fund. Construction and Housing Minister Marko Sirac said that the government supported the bills, and suggested that the House adopts them, so that planned resources for the fund could be secured during the drafting of the budget for next year. MPs supported the bills. Croatian Parliament speaker Vlatko Pavletic said the House would discuss about the government's Report on the Human Rights Situation in Croatia for 1996 after the arrival of a Parliament delegation from Germany, by mid-October. (hina) lm jn 022039 MET oct 97

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