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LAW OF UKRAINE

of July 12, 2001 No. 2660-III

About development of the aircraft manufacturing industry

(as amended on 20-12-2016)

This Law creates conditions for development of the aircraft manufacturing industry, provides accomplishment of the sovereign obligations of the state aimed at the development of the aircraft manufacturing industry, preserving and increase in workplaces at the companies of allied industries.

This Law is intended for strengthening of civil and military safety of Ukraine, providing competitiveness of airplanes, engines for them and aeronautical equipment of national production.

Article 1. Recognize aircraft construction as priority industry of economy of Ukraine and refer research and development works on creation of new aviation engineering to category of critical technologies.

Article 2. This Law is applied to legal entities - the residents of Ukraine performing activities in the field of the aircraft manufacturing industry and according to the law having the corresponding licenses, and also appropriate certificates for the right of development or production, either repair, or re-equipment, or modification, or maintenance of aviation engineering and aircraft engines (further - subjects of aircraft construction) and to two of such criteria corresponding at least:

a) perform development of aviation engineering and aircraft engines, production of aviation engineering and aircraft engines, repair of aviation engineering and aircraft engines;

b) execute the state or defense order on development of aviation engineering and aircraft engines, production of aviation engineering and aircraft engines, repair of aviation engineering and aircraft engines;

c) provide accomplishment of the international obligations by Ukraine on implementation of the international contracts on development of aviation engineering and aircraft engines, delivery of aviation engineering and aircraft engines, production of aviation engineering and aircraft engines, repair of aviation engineering and aircraft engines.

The list of subjects of aircraft construction concerning which temporary actions of the state support are entered creates the central executive body which provides forming of the state industrial policy and approves the Cabinet of Ministers of Ukraine.

The subjects of aircraft construction which are not corresponding to the criteria established by this Article are excluded by the Cabinet of Ministers of Ukraine from the approved List on provision of the central executive body which provides forming of the state industrial policy.

Article 3. It is excluded according to the Law of Ukraine of 20.12.2016 No. 1796-VIII

Article 3-1. For the period the state financial support of sale of aviation engineering of national production via the mechanism of reduction in cost of the credits by partial compensation of rate on the loans of commercial banks attracted by subjects of managing in national currency for purchase of such equipment is entered from January 1, 2013 to January 1, 2025. Compensation is provided to operators of aviation engineering who are in the territory of Ukraine, only for aviation engineering of national production, for the percent which are actually paid in the current budget period in the amount of the discount rate of the National Bank of Ukraine operating on payment date of the specified percent.

Funds for implementation of such state financial support of sale of aviation engineering of national production annually, taking into account requirements of the Budget code of Ukraine, are provided in the law on the Government budget of Ukraine for the corresponding year.

The procedure for use of the specified means of the government budget annually is determined by the Cabinet of Ministers of Ukraine

Article 3-2. Grant the right to the subjects of aircraft construction falling under action of regulations of article 2 of this Law, be founders and/or members of subjects of managing, including with participation of foreign business entities, except those which are located or perform the activities in the territory of the state recognized by the Verkhovna Rada of Ukraine the state - aggressor or the state invader and/or to which sanctions according to the law are applied.

The right of subjects of aircraft construction provided by part one of this Article is implemented with observance of requirements of the legislation, including regarding approval of subjects of management of objects of state-owned property.

Article 4. Final provisions

1. This Law becomes effective since January 1, 2002.

2. To provide to the Cabinet of Ministers of Ukraine before entry into force of this Law reduction of the regulatory legal acts, and also regulatory legal acts of the ministries and other central executive bodies in compliance with regulations of this Law.

3. ceased to be valid according to the Code of Ukraine of 13.03.2012 No. 4495-VI  

President of Ukraine

L. Kuchma

 

Disclaimer! This text was translated by AI translator and is not a valid juridical document. No warranty. No claim. More info

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