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PRESIDENTIAL DECREE OF THE REPUBLIC OF BELARUS

of June 13, 2008 No. 332

About construction of milk and commodity farms

(as amended on 16-06-2016)

For the purpose of accomplishment of the tasks finished by the State program of revival and development of the village for 2005-2010 in milk manufacture I decide:

1. Perform construction of 118 milk and commodity farms till October 1, 2009.

2. Offer Belagroprombank open joint stock company (further - bank) till October 1, 2009 to issue to agricultural organizations according to the lists determined by regional executive committees (further - the organizations), credits to the amount of 1000 billion rubles for financing of construction of milk and commodity farms according to appendix.

The specified loans are granted to the organizations for a period of up to 12 years with their repayment from October 1, 2009 to September 30, 2021 without interest payment for use of them.

3. Offset losses of bank in 2008-2021 on the credits issued according to Item 2 of this Decree at the expense of the means of the republican budget provided in republican fund of support of producers of agricultural products, food and agrarian science on compensation of losses of banks in connection with issue of soft credits to the organizations of agro-industrial complex, incentivization of percent on the credits obtained by these organizations in Belarusian rubles in the amount of annual interest rate 6,5.

4. For accomplishment of obligations on repayment of the credits issued according to Item 2 of this Decree guarantees are provided:

The governments of the Republic of Belarus - in repayment of the credits issued to the organizations which property is in republican property, and to the organizations which share (share) in authorized fund belong to the Republic of Belarus (irrespective of finding of shares (shares) of such organizations also in utility property), the unitary enterprises which founders are open joint stock companies which share (share) in authorized funds belong to the Republic of Belarus;

local executive and administrative organs - in repayment of the credits issued to the organizations which property is in utility property, and to the organizations which share (share) in authorized fund belong to administrative and territorial units, and also other organizations located in the territory of the corresponding administrative and territorial units which property is in private property.

Guarantees of the Government of the Republic of Belarus, local executive and administrative organs are provided to the organizations without their tax debt, to charges (duties), other obligatory payments in the budget (including in the state trust budget funds and Social Security Fund of the population of the Ministry of Labour and Social Protection), in state non-budgetary funds, on budget loans, loans (including prolonged), overdue debt on the credits of banks (on principal debt and percent on it) including issued under guarantees of the Government of the Republic of Belarus, local executive and administrative organs and also the organizations which did not fulfill the obligations on the performed guarantees of the Government of the Republic of Belarus, local executive and administrative organs.

5. Determine that:

5.1. the payment for provision of guarantees for the Government of the Republic of Belarus on the credits of bank issued according to Item 2 of this Decree is not levied from the organizations;

5.2. conditions of issuance of credits according to Item 2 of this Decree are input of milk and commodity farms by the organizations in operation till October 1, 2009, increase in number of milk cows in each area on the quantity corresponding to design capacities of such milk and commodity farms and accomplishment by the organizations in 2008-2015 of the main target indicators of the forecast of social and economic development of the Republic of Belarus in growth rates of volumes of production and the profitability of goods sold finished in accordance with the established procedure.

6. The personal responsibility for accomplishment by the organizations to which according to Item 2 of this Decree the credits, the conditions determined in subitem 5.2 of Item 5 of this Decree to assign to heads of the organizations, chairmen of regional and district executive committees, the Minister of Agriculture and Food, the Deputy prime minister of the Republic of Belarus supervising questions of agro-industrial complex are issued.

7. To Council of Ministers of the Republic of Belarus:

7.1. by preparation of projects of regulatory legal acts about refining of indicators of the republican budget and the directions of use of means of republican fund of support of producers of agricultural products, food and agrarian science in 2008 to provide funds for compensation of losses of bank on the credits according to Item 3 of this Decree, and also limiting increase in the size of the guarantees provided by the Government of the Republic of Belarus, local executive and administrative organs on the credits issued by bank according to Item 2 of this Decree;

7.2. when forming drafts of the republican budget for 2009-2021 to provide in the republican budget, including republican fund of support of producers of agricultural products, food and agrarian science, funds for compensation of losses of bank for the credits according to Item 3 of this Decree, and also for execution of the guarantees of the Government of the Republic of Belarus provided according to the paragraph to the second part one of item 4 of this Decree.

8. Recommend to regional executive committees:

provide guarantees to bank in accomplishment of obligations on repayment of the credits according to the paragraph third parts one of item 4 of this Decree;

when forming drafts of regional budgets for 2009-2021 in accordance with the established procedure to provide means for execution of guarantees of the local executive and administrative organs provided according to this Decree.

9. To Council of Ministers of the Republic of Belarus, regional executive committees to take other measures for implementation of this Decree.

10. To impose control over the implementation of this Decree on Council of Ministers of the Republic of Belarus and regional executive committees.

11. This Decree becomes effective from the date of its official publication.

President of the Republic of Belarus

A. Lukashenko

Appendix

to the Presidential decree of the Republic of Belarus of June 13, 2008 No. 332

The credits for financing of construction of milk and commodity farms

Name of areas

Credit amount, one billion rubles

Quantity of farms

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