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RESOLUTION OF THE PRESIDENT OF TURKMENISTAN

of July 16, 1999 No. 4269

About approval of the Regulations on the State fund of development of agricultural industry of Turkmenistan

1. Approve enclosed:

Regulations on the State fund of development of agricultural industry of Turkmenistan;

structure of Council of the State fund of development of agricultural industry of Turkmenistan;

the list of associations and departments of agro-industrial industries which foreign economic activity is controlled by the State fund of development of agricultural industry of Turkmenistan.

2. Declare invalid Item 1 of the resolution of the President of Turkmenistan of March 9, 1999 N 4109 "About approval of the Regulations on the State fund of development of agricultural industry of Turkmenistan".

 

President of Turkmenistan

Saparmurat Turkmenbashi

Approved by the resolution of the President of Turkmenistan of July 16, 1999 No. 4269

Regulations on the State fund of development of agricultural industry of Turkmenistan

1. The state fund of development of agricultural industry of Turkmenistan (the Fund hereinafter is referred to as further) is framed by the resolution of the President of Turkmenistan of April 25, 1996 No. 2596 "About creation of the State fund of development of agricultural industry of Turkmenistan" for the purpose of support of economic transformations in agricultural industry and ensuring development of the market relations in industries of agro-industrial complex.

2. The fund performs the activities according to the Constitution of Turkmenistan, acts of the President of Turkmenistan, decisions of the Government of Turkmenistan, other acts of the current legislation of Turkmenistan and this Provision.

3. The fund in the activities interacts with the ministries, departments, state bodies, public organizations, foreign firms and physical persons.

4. The main objective of activities of Fund is support of development of production of agricultural products and its further conversion, assistance in ensuring food independence of Turkmenistan.

5. For implementation of the task assigned to Fund it performs the following functions:

a) finances:

economic reforms in industries of agro-industrial complex of Turkmenistan;

production of agricultural products and its further conversion;

50 percent of costs of producers of agricultural products (seed cotton and food wheat) on the state task;

capital investments of industry and cross-industry nature on the instructions of the Government of Turkmenistan;

import of raw materials, the equipment, spare parts and mechanisms for needs of the industries of agro-industrial complex which are not exceeding export volume separately on each department of agro-industrial complex;

carrying out research works for the purpose of development of agricultural industry and support of reforms in the agro-industrial sector of Turkmenistan;

repayment of the foreign credits, loans and the percent on them aimed at the development of agro-industrial complex;

content of the Ministry of rural and water farms of Turkmenistan and Turkmen agricultural university of S. A. Niyazov;

b) exercises control of execution of all contracts on export and realization in Turkmenistan of products of agro-industrial industries and investment projects with participation of the foreign companies or use of the means according to external loans concerning the agro-industrial sector of Turkmenistan and provides transfer them for registration at the State commodity and raw exchange of Turkmenistan;

c) accumulates on the accounts all money obtained from export and realization in Turkmenistan of products of agro-industrial industries by means of opening of accumulation accounts separately for each department and association, and also the obligatory quarterly assignments from balance sheet profit of the state companies directed to fund of stabilization of agricultural enterprises which size is established by resolutions of the President of Turkmenistan;

d) performs foreign economic activity according to the current legislation;

e) together with the foreign companies performs actions for investment of the capital into industries of agro-industrial complex of Turkmenistan;

e) makes offers on the questions which are within the competence of Fund in the state and other bodies;

g) creates the commissions, working groups and the unions for the benefit of development and support economic reforms in industries of agro-industrial complex of Turkmenistan;

h) creates the companies for production and conversion of agricultural products, joint with the domestic and foreign companies.

6. The fund has the right to demand from the ministries, departments, state bodies, the organizations and the companies which are in the territory of Turkmenistan irrespective of patterns of ownership, submission of data and documents, necessary for its work.

7. Sources of formation of fund are:

currency and manatny proceeds from sales of cotton-fiber and cotton products within the approved state task, and also all types of products of agro-industrial complex without wholesale selling prices;

assignments from balance sheet profit of the state companies which size is established by resolutions of the President of Turkmenistan;

the means arriving from accomplishment of all types of the main activities of bodies of the State inspectorate for plant quarantine of the Ministry of rural and water farms of Turkmenistan and Consolidation on veterinary attendance of animals and birds under Association of livestock joint-stock companies of Turkmenistan of Turkmenmallara;

the means arriving for issue in accordance with the established procedure of licenses for the right of implementation of procurement, conversion and sales of products of agro-industrial industries;

means, profits of the textile companies which are earlier transferred and transferred to the Ministry of the textile industry of Turkmenistan got from redistribution;

the means received from cost recovery of the objects of different function in which construction investments from export of products of agro-industrial complex are made transferred under resolutions of the President of Turkmenistan to other ministries and departments;

revenue from privatization of property and objects of industries of agro-industrial complex, processing industry, trade enterprises products of agro-industrial industries, objects of industrial and other function in which construction investments of agro-industrial complex are made;

payment for the earth provided in lease to the foreign companies and firms;

means of the Government budget of Turkmenistan for financing of activities of the Turkmen agricultural university of S. A. Niyazov;

the profit got from productive activity of the companies and organizations created by Fund;

voluntary contributions of the companies, public organizations and citizens, and also foreign legal entities and physical persons;

other receipts and sales charges which are not prohibited by the legislation of Turkmenistan, received for rendering services.

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