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POSTANOVLENI OF THE CABINET OF MINISTERS OF THE REPUBLIC OF UZBEKISTAN

of June 19, 2017 No. 391

About approval of the Regulations on procedure for forming, distribution and use of fund of assistance to the privatized companies under the State committee of the Republic of Uzbekistan on assistance to the privatized companies and development of the competition

In pursuance of the Presidential decree of the Republic of Uzbekistan of April 18, 2017 "About formation of the State committee of the Republic of Uzbekistan on assistance to the privatized companies and development of the competition" and for the purpose of the organization of activities of Fund of assistance to the privatized companies under the State committee of the Republic of Uzbekistan on assistance to the privatized companies and development of the competition (further - Fund) the Cabinet of Ministers decides No. UP-5016:

1. Approve Regulations on procedure for forming, distribution and use of fund of assistance to the privatized companies under the State committee of the Republic of Uzbekistan on assistance to the privatized companies and development of the competition according to appendix No. 1.

2. Determine that dividends on the state share in economic societies go the Ministry of Finance of the Republic of Uzbekistan to Fund for requests of the State committee of the Republic of Uzbekistan for assistance to the privatized companies and competition developments, since January 1, 2018.

3. Make changes to some decisions of the Government of the Republic of Uzbekistan according to appendix No. 2.

4. Recognize invalid some decisions of the Government of the Republic of Uzbekistan according to appendix No. 3.

5. To the ministries and departments to bring the regulatory legal acts adopted by them into accord with this resolution in a month.

6. To impose control of execution of this resolution on the deputy prime minister of the Republic of Uzbekistan D. A. Kuchkarov.

Prime Minister of the Republic of Uzbekistan
Abdullah Aripov

Appendix No. 1

to the Resolution of the Cabinet of Ministers of the Republic of Uzbekistan of June 19, 2017 No. 391

Regulations on procedure for forming, distribution and use of fund of assistance to the privatized companies under the State committee of the Republic of Uzbekistan on assistance to the privatized companies and development of the competition

Chapter 1. General provisions

1. This Provision determines procedure for forming, distribution and use of fund of assistance to the privatized companies under the State committee of the Republic of Uzbekistan on assistance to the privatized companies and development of the competition (further - Fund).

2. The fund is the state trust fund created without formation of legal entity.

3. The main objective of Fund is the direction of funds for practical support of the privatized companies, implementation of investment projects and the organization of training of entrepreneurs in bases of business.

Chapter 2. Forming of fund

4. Fund is created at the expense of the following sources:

a) dividends on the state share in economic societies - go to Fund for the scheme according to appendix No. 1 to this Provision;

b) means from lease of state-owned property, the amounts of penalty fee for delay of introduction of the rent and penalties for violation of contractual commitments - go to Fund for the scheme according to appendix No. 2 to this Provision;

c) other sources accumulated according to the scheme according to appendix No. 3 to this Provision including:

means from realization of the companies, shares (shares) in authorized capitals of economic societies, the parcels of land (including right of lifetime inheritable possession on the parcels of land for individual housing construction (maintaining Dehkan economy)) and other property which is state-owned property (further - the state assets);

receipts from borrowers on the loans which are earlier issued by fund in the form of return of the main amount and the percent added on them;

income from placement of temporarily available funds of Fund;

penalty fee and penalties which arrived on the signed and terminated agreements (transactions) of purchase and sale of the state assets, the issued loans;

receipts on the state share in case of liquidation in the procedure for economic societies established by the legislation;

the sums of earnest money withheld from winners of auctions, tenders (tenders) or the public offer which evaded or refused signing of the protocol or the purchase and sale agreement;

the penalty amounts for violation of contractual commitments by the specialized organizations in case of realization of the state assets;

the means which are earlier listed from Fund - in case of their return;

receipts according to judgments;

other sources which are not forbidden by the legislation.

5. The means specified in Item 4 presents of the Provision accumulate on the personal accounts of Fund opened in Treasury of the Ministry of Finance of the Republic of Uzbekistan and its territorial subdivisions.

Means in foreign currency arrive into the special currency account of Fund in the Central bank of the Republic of Uzbekistan. All foreign currency amount which arrived into the special currency account of Fund is on sale (except as specified and the separate expenses provided according to this Provision) to the Central bank of the Republic of Uzbekistan at the Central Bank rate of the Republic of Uzbekistan on the date of sale. The means received from sale of foreign currency in national currency are enlisted on personal account of Fund and distributed according to this Provision.

6. The means which arrived in Fund for all types of sources are not subject to the taxation.

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