Document from CIS Legislation database © 2003-2018 SojuzPravoInform LLC

LAW OF THE REPUBLIC OF TAJIKISTAN

of December 11, 1999 No. 886

About the state and guaranteed by the state borrowing and debt

This Law governs the relations arising in the course of the state borrowing by authorized bodies of the Republic of Tajikistan and the non-state borrowing by residents of the Republic of Tajikistan provided with the state guarantees and also in process of management of the state and guaranteed by the state debt.

Chapter I. General provisions

Article 1. Basic concepts

In this Law the following concepts are used:

1) state loan - loan in which the Government of the Republic of Tajikistan acts as the borrower;

2) public debt - the amount of the obtained and outstanding state loans for certain date;

3) the state guarantee - the obligation of the Government of the Republic of Tajikistan to the creditor fully or partially to repay the debt in case of failure to pay by the resident borrower the Republic of Tajikistan the amount which is due from it at the scheduled time;

4) the debt guaranteed by the state - the amount for certain date of the obtained and outstanding non-state loans having the state warranties;

Guaranteed by the state I will jam 5) - non-state loan on which the state warranty is had;

6) the agreement (agreement) on loan - the document fixing legal relationship owing to which the borrower receives means of loan and incurs obligations to the creditor on their return and (or) on interest payment, and also other payments connected with loan;

7) limit of public debt - the fixed amount of the obtained and outstanding state loans planned in the government budget for the corresponding year which the actual public debt for the end of financial year shall not exceed;

8) limit of provision of the state guarantees - the fixed amount approved as a part of the government budget for the corresponding financial year within which the state guarantees can be issued;

9) limit of the state borrowing - the amount of attraction of new state loans established in the government budget for limiting corresponding year;

10) residents:

a) the physical persons having the permanent residence in the Republic of Tajikistan, including temporarily being outside the Republic of Tajikistan;

b) the legal entities created and registered according to the legislation of the Republic of Tajikistan with the location in the Republic of Tajikistan;

c) the companies and the organizations, not being legal entities, but created according to the legislation of the Republic of Tajikistan, with the location in the Republic of Tajikistan;

d) the diplomatic, trade and other official representations of the Republic of Tajikistan which are outside the Republic of Tajikistan;

e) the branches and representations of the residents specified in subitems "b" and "v" of this Item which are outside the Republic of Tajikistan;

11) nonresidents: the legal entities and physical persons which are not residents;

12) external - loan or debt in case of which creditor is the nonresident at the time of borrowing;

13) internal - loan or debt in case of which creditor is the resident at the time of borrowing;

14) government securities - bonds (bill of exchange) of the state borrowing;

15) the program of the state investments - the program of investment of public funds both loan, and own, to priority sectors of economy, approved by the Government of the Republic of Tajikistan;

16) counterguarantee - the guarantee of bank of the Republic of Tajikistan issued for benefit of the Ministry of Finance of the Republic of Tajikistan as ensuring receipt of the state guarantee in the Republic of Tajikistan for benefit of the creditor on loan of resident of the Republic of Tajikistan.

Article 2. The legislation of the Republic of Tajikistan on the state and guaranteed by the state borrowing and debt

The legislation of the Republic of Tajikistan on the state and guaranteed by the state borrowing and debt is based on the Constitution of the Republic of Tajikistan and consists of this Law, other laws of the Republic of Tajikistan and international treaties recognized by Tajikistan.

Full text available with active License only!

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

Effectively work with search system

Database include more 38000 documents. You can find needed documents using search system. For effective work you can mix any on documents parameters: country, documents type, date range, teams or tags.

Get help

If you cannot find the required document, or you do not know where to begin, go to Help section.

In this section, we’ve tried to describe in detail the features and capabilities of the system, as well as the most effective techniques for working with the database.

You also may open the section Frequently asked questions. This section provides answers to questions set by users.

Search engine created by SojuzPravoInform LLC. UI/UX design by Intelliants.