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ORDER OF THE GOVERNMENT OF THE RUSSIAN FEDERATION

of December 26, 2018 No. 1683

About standard rates of financial stability of activities of the builder

(In edition of the Order of the Government of the Russian Federation of 13.03.2019 No. 259)

According to article 23 of the Federal law "About Participation in Shared-equity Construction of Apartment Houses and Other Real Estate Objects and about Modification of Some Legal Acts of the Russian Federation" Government of the Russian Federation decides:

1. Approve the enclosed Regulations on standard rates of financial stability of activities of the builder.

2. Establish the following standard rates of financial stability of activities of the builder:

a) got construction permit till July 1, 2018:

the standard rate of security of obligations - at least 1;

the standard rate of target use of means - no more than 1;

b) got construction permit after July 1, 2018:

the standard rate of security of obligations - at least 1;

the standard rate of target use of means - no more than 1;

the standard rate of the size of own means of the builder - at least 10 percent of the planned construction cost (creation) of apartment houses and (or) other real estate objects specified in the project declaration according to Item 10 of part 1 of article 21 of the Federal law "About Participation in Shared-equity Construction of Apartment Houses and Other Real Estate Objects and about Modification of Some Legal Acts of the Russian Federation".

3. According to part 4 of article 15.4 of the Federal law "About Participation in Shared-equity Construction of Apartment Houses and Other Real Estate Objects and about Modification of Some Legal Acts of the Russian Federation" this resolution is not applied to the builders who signed the agreement of participation in shared-equity construction taking into account features, stipulated in Article 15.4 specified the Federal Law.

4. To the Ministry of Construction and Housing and Communal Services of the Russian Federation in coordination with the Ministry of Finance of the Russian Federation to approve procedure of payments in 3-month time:

standard rate of security of obligations;

standard rate of target use of means.

5. Recognize invalid:

the order of the Government of the Russian Federation of January 16, 2007 No. 14 "About introduction of amendments to some acts of the Government of the Russian Federation in connection with adoption of the Federal Law "About Introduction of Amendments to the Federal Law "About Participation in Shared-equity Construction of Apartment Houses and Other Real Estate Objects and About Modification of Some Legal Acts of the Russian Federation" and about Modification of Separate Legal Acts of the Russian Federation" (The Russian Federation Code, 2007, No. 4, the Art. 519);

6. This resolution becomes effective after 3 months from the date of its official publication.

Russian Prime Minister

D. Medvedev

Approved by the Order of the Government of the Russian Federation of December 26, 2018 No. 1683

Regulations on standard rates of financial stability of activities of the builder

1. This Provision developed according to the Federal Law "About Participation in Shared-equity Construction of Apartment Houses and Other Real Estate Objects and about Modification of Some Legal Acts of the Russian Federation" establishes requirements to standard rates of financial stability of activities of the builder.

2. Assessment of financial stability of activities of the builder who got construction permit till July 1, 2018 is made according to the following standard rates:

the norm of security of obligations determined by division of the amount of assets of the builder into the amount of obligations of the builder under agreements of participation in shared-equity construction;

the norm of target use of means determined by division of the amount of the assets of the builder which are not connected with construction into the amount of net assets of the builder and total amount of its obligations reduced by the size of agreement obligations of participation in shared-equity construction.

3. If the construction (creation) of apartment houses and (or) other real estate objects is performed within several construction permits according to the development plan for a land plot or the approved site planning of the territory, or within one or several construction permits on one or several parcels of land located in borders of the built-up territory concerning which the agreement on development of the built-up territory, or the territory concerning which the agreement on complex development of the territory or the agreement on complex development of the territory is signed is signed and the first construction permit is got till July 1, 2018, assessment of financial stability of the builder is made according to standard rates, stipulated in Item 2 this provision.

4. Assessment of financial stability of activities of the builder who got construction permit after July 1, 2018 is made according to standard rates, stipulated in Item 2 this provision, and also according to the standard rate of the size of own means of the builder.

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