Document from CIS Legislation database © 2003-2022 SojuzPravoInform LLC

ORDER OF THE GOVERNMENT OF THE REPUBLIC OF KAZAKHSTAN

of March 18, 2003 No. 259

About some questions of crediting and subsidizing of the agro-industrial sector

(as amended on 16-11-2004)

According to the orders of the Government of the Republic of Kazakhstan of August 2, 2002 N 864 "About the Actions plan on implementation of the State agrofood programme of the Republic of Kazakhstan for 2003-2005" and of December 26, 2002 N 1379 "About implementation of the republican budget for 2003" the Governments of the Republic of Kazakhstan DECIDES:

1. Approve enclosed

1) Rules of financing of providing with agricultural machinery on leasing basis for 2003 and compensations of rate of remuneration (interest);

2) Rules of financing of providing the companies for conversion of agricultural products with the equipment on leasing basis and compensations of rate of remuneration (interest);

3) Rules of financing of agricultural production through system of rural credit partnerships;

4) Rules of subsidizing of rate of remuneration (interest) on the credits issued by banks of the second level to the companies for conversion of agricultural products on replenishment of their current assets.

2. Determine that the budget credit provided by the republican budget for 2003 according to the program 088 "Financing of production of livestock products and its purchase" in the amount of 1 500 000 000 (one billion five hundred million) tenges is provided on the terms of urgency, the paid nature, security and recoverability for a period of five years at the unstable (floating) rate of remuneration established by the Ministry of Finance of the Republic of Kazakhstan according to the order of the Government of the Republic of Kazakhstan of July 25, 2002 N 832 "About approval of Rules of financial procedures on budget implementation and maintaining forms of the reporting (periodic and annual) for the public institutions containing at the expense of the government budget".

3. To the Ministry of Agriculture of the Republic of Kazakhstan in the established legislative procedure to provide provision of the called credit to It Is Small onimderi Korporatsiyasa private company, and also to take other measures for accomplishment of this resolution.

4. This resolution becomes effective from the date of signing.

 

Prime Minister

Republic of Kazakhstan I. Tasmagambetov

Approved by the order of the Government of the Republic of Kazakhstan of March 18, 2003 No. 259

Rules of financing of providing with agricultural machinery on leasing basis for 2003 and compensations of rate of remuneration (interest)

1. General provisions

1. These rules determine procedure and conditions of loan granting at the expense of the means provided in the republican budget for 2003 according to the program 085 "Providing with agricultural machinery on leasing basis" in the amount of 3776811000 (three billion seven hundred seventy six million eight hundred eleven thousand) tenges (daleesredstvo) and compensation of rate of remuneration (interest) on them.

2. Procedure and terms for crediting

2. Funds are allocated from the republican budget according to the procedure, established by the legislation on the terms of urgency, the paid nature, security and recoverability for the term of 7 (seven) years on fixed rate of remuneration of equal 7,33 of % per annum.

The specified remuneration rate completely is compensated at the expense of means of the republican budget according to the procedure, established by Section 3 of these rules, and charged on condition of its compensation.

3. Funds are allocated for acquisition of the agricultural machinery which is subject to the subsequent transfer to different types of leasing (further - the Equipment), the cost recoveries connected with acquisition of the Equipment and the tax discharge on value added, the leasing which is subject to payment in the budget according to contracts for the Equipment according to the legislation of the Republic of Kazakhstan.

4. Assignment is made by crediting of bank of the second level or the organization having the license of National Bank of the Republic of Kazakhstan for implementation of separate types of banking activities (further - the Borrower).

The borrower is determined according to the Rules of financial procedures on budget implementation and maintaining forms of the reporting (periodic and annual) for the public institutions containing at the expense of the government budget approved by the order of the Government of the Republic of Kazakhstan of July 25, 2002 N 832.

5. For assignment the Ministry of Finance of the Republic of Kazakhstan (further - the Creditor) together with the Borrower and the Ministry of Agriculture of the Republic of Kazakhstan (further - the Administrator of the budget program) signs loan agreements (further - Credit agreements) in which procedure for assignment from the republican budget and their return according to these rules, methods of ensuring obligation fulfillment by the Borrower and other conditions are determined.

6. The borrower performs target use of Means and their timely return to the republican budget.

7. Allocation from the republican budget of Means to the Administrator of the budget program for the subsequent direction to the Borrower is performed by single tranche based on the request of the Administrator of the budget program.

8. The borrower according to the procedure and the terms determined by Credit agreements represents to the Administrator of the budget program and the Creditor the report on use of allocated funds, with application of copies of supporting documents.

9. The nomenclature and amounts acquired by the Borrower Tekhniki are determined by the Borrower based on the agreements of leasing signed by the time of acquisition.

3. Procedure and conditions of compensation of rate of remuneration

10. Compensation of rate of remuneration is made, since 2004, at the expense of the means provided on these purposes in the republican budget for the corresponding financial year.

11. Compensation of rate of remuneration is made by the Administrator of the budget program to the Borrower by expense recovery, the these rules made by the Borrower according to Item 12.

12. For compensation of rate of remuneration the Borrower on the terms of Credit agreements provides payment in the income of the republican budget of remuneration of the Creditor or his part, on mastered according to Credit agreements at the time of payment of part of the credits, taking into account their repayment. The borrower is exempted from payment of remuneration of the Creditor or his part in case of not prediscretion in the republican budget of means in the amount sufficient for full recovery of the rate of remuneration specified in Item 2 of these rules.

13. The rate of remuneration of the Creditor specified in Item 2 of these rules is not included the rate of remuneration (interest) levied by the Borrower in own favor when crediting (leasing) of final borrowers (leasing recipients).

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