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ORDER OF THE GOVERNMENT OF THE REPUBLIC OF KAZAKHSTAN

of November 19, 2001 No. 1491

About approval of Rules of compensation of rate of remuneration (interest) on the leasing of agricultural machinery performed at the expense of means of the republican budget

(as amended of the Order of the Government RK of 23.01.2002 N 87)

The government of the Republic of Kazakhstan DECIDES:

1. Approve the enclosed Rules of compensation of rate of remuneration (interest) on the leasing of agricultural machinery performed at the expense of means of the republican budget.

2. To the Ministry of Agriculture of the Republic of Kazakhstan together with the Ministry of Finance of the Republic of Kazakhstan by preparation of drafts of the republican budget for 2002-2007, in the procedure established by the legislation to submit for consideration of the Budget commission on forming of the draft of the republican budget for the corresponding financial year of the offer on inclusion in the republican budget of funds for the purposes of compensation of rate of remuneration (interest) for the leasing of agricultural machinery performed at the expense of means of the republican budget.

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

 

Prime Minister

Republic of Kazakhstan K. Tokayev

Approved by the order of the Government of the Republic of Kazakhstan of November 19, 2001 No. 1491

Rules of compensation of rate of remuneration (interest) on the leasing of agricultural machinery performed at the expense of means of the republican budget

1. These rules determine procedure and conditions of compensation of rate of remuneration (interest) on the leasing of agricultural machinery performed at the expense of the means provided by the order of the Government of the Republic of Kazakhstan of December 29, 2000 N 1950 "About implementation of the Law of the Republic of Kazakhstan "About the republican budget for 2001" according to the budget program 85 "Providing with agricultural machinery on leasing basis" (further - Leasing), allocated with the Ministry of Finance of the Republic of Kazakhstan (further - the Ministry of Finance) according to credit agreements (further - Credit agreements) for total amount to 1 188 700 000 (one billion hundred eighty eight million seven hundred thousand) tenges, prisoners according to the orders of the Government of the Republic of Kazakhstan of March 25, 2001 N 376 "About coproduction of combine harvesters in the Republic of Kazakhstan and their further realization" and of March 29, 2001 N 405 "About approval of Rules of the organization of leasing in agricultural industry for 2001".

2. Compensation of rate of remuneration (interest) on Leasing is made at the expense of the funds provided by the order of the Government of the Republic of Kazakhstan of December 29, 2000 N 1950 "About implementation of the Law of the Republic of Kazakhstan "About the republican budget for 2001" according to the budget program 42 "Compensation of rate of remuneration (interest) on the leasing of agricultural machinery performed by budget funds" and provided in republican budgets for 2002-2007 for the purposes of compensation of rate of remuneration (interest) on Leasing (further - Means).

3. Compensation of rate of remuneration (interest) on Leasing is made annually by the Ministry of Agriculture of the Republic of Kazakhstan (further - the Administrator) the organization authorized according to the order of the Government of the Republic of Kazakhstan of March 29, 2001 N 405 "About approval of Rules of the organization of leasing in agricultural industry for 2001" for providing with agricultural machinery on leasing basis of agricultural producers (further - Authorized organization), by expense recovery, the these rules made by Authorized organization according to item 4.

4. For annual assignment by the Administrator as compensation of rate of remuneration (interest) on Leasing, the Authorized organization annually provides one-time or in parts payment in the republican budget of annual remuneration of the Ministry of Finance or its part, on mastered according to Credit agreements at the time of payment of part of the credits, taking into account their annual repayment.

5. Assignment by the Administrator of Authorized organization is made annually in the amount equal to the amount of the these rules of payments by Authorized organization of remuneration of the Ministry of Finance made according to item 4, within 5 working days from the moment of provision to the Administrator of the documents confirming the fact of payment by Authorized organization of the corresponding annual remuneration of the Ministry of Finance or its part according to Credit agreements in the republican budget.

6. The administrator quarterly till the 10th following reporting quarter sends to the Ministry of Finance information on transfer by Authorized organization in the republican budget of remuneration of the Ministry of Finance and about compensation by the Administrator of rate of remuneration (interest) on Leasing.

7. Control over the implementation of these rules by Authorized organization is exercised by the Administrator.

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