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PRESIDENTIAL DECREE OF THE REPUBLIC OF BELARUS

of June 30, 2008 No. 359

About some questions of provision of guarantees for the Government of the Republic of Belarus on the credits issued by banks of the Republic of Belarus

(The last edition from 23-03-2016)

For the purpose of enhancement of procedure for provision of guarantees for the Government of the Republic of Belarus on the credits issued by banks of the Republic of Belarus I decide:

1. Approve the enclosed Regulations on procedure for provision of guarantees for the Government of the Republic of Belarus on the credits issued by banks of the Republic of Belarus.

2. Determine that execution of guarantees of the Government of the Republic of Belarus, the local executive and administrative organs provided before entry into force of this Decree on the credits issued by banks of the Republic of Belarus to legal entities of the Republic of Belarus, and provided from July 1 to December 31, 2008 according to the Regulations on procedure for provision of guarantees for the Government of the Republic of Belarus on the credits issued by banks of the Republic of Belarus approved by this Decree is made after deadline of return of the credits according to the procedure, acting before entry into force of this Decree, and execution of the guarantees provided since January 1, 2009, - according to the procedure, determined by the called Provision.

In case of change since January 1, 2009 of the conditions of issuance of credits which are not connected with increase in the amount of the credits and interest for using by them, and also prolongation of terms of their return, and modification (amendments) of the decision of Council of Ministers of the Republic of Belarus according to which the guarantee of the Government of the Republic of Belarus is provided before entry into force of this Decree or from July 1 to December 31, 2008 execution of guarantees of the Government of the Republic of Belarus is made after deadline of return of the credits.

3. Regional, Minsk city, district and city (the cities of regional subordination) executive committees have the right on the conditions similar determined in this Decree, to provide guarantees of local executive and administrative organs on the credits issued by banks of the Republic of Belarus to legal entities of the Republic of Belarus.

4. The payments made from local budgets according to guarantees of local executive and administrative organs are collected by bank in indisputable procedure from accounts of borrowers (except for correspondent accounts, and also accounts on accounting of budgetary funds of the State Treasury and local budgets) with collection of percent from the amount paid by local executive and administrative organ:

in Belarusian rubles - in the amount of the refunding rate of National Bank established on the date of charge of percent;

in foreign currency - in the amount of the Central Republic of Belarus which developed in banks of rate according to term deposits in foreign currency, but at least the size determined by the law on the republican budget for the next financial year.

The percent levied by bank are charged since the day following behind day of implementation by local executive and administrative organs of payments from local budgets according to guarantees of local executive and administrative organs.

Collection of the specified payments is made based on the decision of bank with their transfer in local budgets.

5. Bring in the procedure of payments between legal entities, individual entrepreneurs in the Republic of Belarus approved by the Presidential decree of the Republic of Belarus of June 29, 2000 No. 359 (The national register of legal acts of the Republic of Belarus, 2000, No. 64, 1/1403; 2001, No. 44, 1/2593; 2003, No. 13, 1/4345; 2004, No. 1, 1/5174; 2006, No. 53, 1/7389), following changes and amendments:

5.1. in Item 2:

in subitem 2.2:

in the paragraph the second "regional executive committees and the Minsk Gorispolkom" shall be replaced with words words "regional, Minsk city, district and city (the cities of regional subordination) executive committees";

add the subitem with the paragraph the seventh the following content:

"on account of debt repayment on the credits issued by banks of the Republic of Belarus under guarantees of the Government of the Republic of Belarus, and also under guarantees regional, Minsk city, district and city (the cities of regional subordination) executive committees, and to percent on them;";

the fourth subitem 2.3 after words "subitem 2.1" to add the paragraph with the words "and paragraph the seventh subitem 2.2";

5.2. in Item 3 of the word "from the current (settlement) accounts in Belarusian rubles and foreign currency of legal entities and individual entrepreneurs" shall be replaced with words "according to legal acts".

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