According to the proposal, in districts as disaster zones effective declared in general life due to natural disasters; Natural Disaster Reconstruction Fund will be established to provide, manage and transfer the necessary resources for zoning, infrastructure and superstructure works to the relevant public institutions and organizations.
The Board of the Fund is in the Ministry of Treasury and Finance; It will consist of the Minister of Environment, Urbanization and Climate Change, the Minister of Energy and Natural Resources, the Minister of Agriculture and Forestry, the Minister of the Interior, the Minister of Transport and Infrastructure, and the Head of Strategy and Budget.
The Board of Directors will determine the projects to be transferred from the fund, the amount of resources to be transferred and the expenditure programs. The procedures and principles regarding the structure and operation of the Fund will be determined by the regulation to be issued by the Fund.
Sources of the fund; domestic and international cash donations, aids, grants and loans; the appropriation to be placed in the budget for this purpose; It will consist of financing and resources provided by the Fund from domestic and international capital and money markets by exempting from all kinds of restrictions in the legislation of institutions and organizations.
For the projects decided by the Board of Directors in accordance with the purpose of the Law, resources will be transferred from the Fund to the relevant institutions and organizations with the approval of the Board of Directors to be paid within the scope of the expenditure program and depending on the realizations. The amounts transferred in this way will be recorded in the general budget for the administrations within the scope of the general budget on the one hand and in the budget of the relevant public institutions and organizations for the other administrations.
The fund will be audited in accordance with independent auditing standards. Financial data on the sources of funds and their transfer will be shared with the public at the latest on a quarterly basis. In this context, the administrations to which resources are transferred will be obliged to provide all necessary information and documents.
The fund will be exempt from corporate tax. The economic enterprise shall not be deemed to have been formed due to the revenues obtained from the activities of the Fund related to its duties.
Transactions and papers issued in connection with the activities of the Fund shall be subject to stamp duty and duties; donations and aids made to him are subject to inheritance and inheritance tax; transactions related to the activities of the Fund are deducted from bank and insurance transactions tax; it will be exempt from deductions to the fund for supporting the use of resources.
All cash donations and grants to the Fund may be deducted from the declared income or corporate income in determining the income or corporate tax base, provided that they are shown separately on the income or corporate tax return.
The Minister will be authorized to allocate the external financing provided on behalf of the Republic of Turkey for zoning, infrastructure and superstructure works in areas declared as disaster zones effective on general life due to natural disasters to the Natural Disaster Reconstruction Fund free of charge.
The Minister shall also be authorized to allocate to the relevant institutions and organizations the external financing to be disbursed exclusively to the institutions and organizations covered by this law and which are outside the public administrations within the scope of the general budget for the same purpose in line with the same purpose.