Document from CIS Legislation database © 2003-2019 SojuzPravoInform LLC

LAW OF THE KYRGYZ REPUBLIC

of December 28, 2006 No. 215

About rendering the state support to the legal entities and physical persons which are constantly living and performing economic activity in the settlements located in the mountain and remote zones of the Kyrgyz Republic

(as of April 30, 2009)

Accepted by Jogorku Kenesh of the Kyrgyz Republic on November 21, 2006

Article 1. Loan interest rates, to the provided legal entities and physical persons which are constantly living and performing economic activity in the settlements located in the mountain, remote and remote zones of the Kyrgyz Republic, credit unions, banks and the microfinancial organizations decrease in proportion to district coefficient, and the loan repayment period increases in proportion to district coefficient of the settlement.

Requirements and criteria to credit unions, banks and the microfinancial organizations, and also procedure for provision of the state compensation by it are determined by difference of interest rates by the Government of the Kyrgyz Republic.

Article 2. The difference between loan interest rate, to the provided legal entities and physical persons which are constantly living and performing economic activity in the settlements located in the mountain, remote and remote zones of the Kyrgyz Republic, credit unions, banks and the microfinancial organizations, and the interest rate established according to this Law annually becomes covered at the expense of means of the republican budget.

Article 3. Voided by the Law KR of April 30, 2009 No. 148.

Article 4. This Law becomes effective from the date of official publication.

 

President of the Kyrgyz Republic

K. Bakiyev

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