LAW OF THE REPUBLIC OF TAJIKISTAN

of June 18, 2008 No. 396

About treasury

This Law establishes legal and organizational basis of industry of treasury and governs the relations arising in case of activities of treasury in the Republic of Tajikistan.

Chapter 1. General provisions

Article 1. Basic concepts

In this Law the following basic concepts are applied:

- treasury - the state financial activities performing coordination of management of nation-wide economic resources, the organization of control of the income and expenses, collection and use of means, management of execution of the State Budget and public debts, release of government securities;

- the single treasurer account - the account under treasury having bank identification code and correspondent account;

- single local treasurer accounts - the accounts opened by local authorities of treasury for servicing of local budgets;

- the single treasurer account on special means of the republican budget - the account opened under treasury for servicing of special means of republican budgetary institutions;

- transit treasurer accounts according to the income - the accounts opened by local authorities of treasury for collection and daily transfer to the single treasurer income account of the republican budget in the Gorno-Badakhshan Autonomous Region, areas, the city of Dushanbe, the cities and the regions of the Republic of Tajikistan;

- transit treasurer accounts on expenses - the accounts opened by local authorities of treasury for the organizations financed by the republican budget in the Gorno-Badakhshan Autonomous Region, areas, the city of Dushanbe, the cities and the regions of the Republic of Tajikistan;

- the single local treasurer account on special means of local budgets - the account opened by local body of treasury for servicing of special means of local budgetary institutions;

- special accounts of the organizations financed by the republican budget - the accounts opened by local authorities of treasury for servicing of special means of these organizations:

- target transit accounts of the republican budget - the accounts opened under local authorities of treasury for financing of target means of the republican budget during accomplishment of these tasks;

- special means of budgetary institutions - the means earned by budgetary institutions as a result of performance of works and services in addition to the funds allocated from the budget.

Article 2. Legislation of the Republic of Tajikistan on treasury

The legislation of the Republic of Tajikistan on treasury is based on the Constitution of the Republic of Tajikistan, and consists of this Law, other regulatory legal acts of the Republic of Tajikistan and the international legal acts recognized by Tajikistan.

Chapter 2. Bodies, management and system of kazancheystvo

Article 3. Bodies of treasury

Authorized state body in the field of treasury is the Ministry of Finance of the Republic of Tajikistan (further - the central body of treasury) and its local authorities of treasury in the Gorno-Badakhshan Autonomous Region, areas, the city of Dushanbe, the cities and the regions of the Republic of Tajikistan (further - local authorities of treasury), providing the organization of control over the income, expenses and execution of the State Budget of the Republic of Tajikistan

Article 4. Management of treasury

The director manages the Central Treasury, and the management to managements and departments local treasuries is performed by heads of department and departments local treasuries. The director of the Central Treasury, heads of department and departments of local treasury is appointed to position and dismissed by the Minister of Finance of the Republic of Tajikistan.

To position of the director of the Central Treasury, heads of department and departments of local treasury the specialists having the higher economic education and years of service at least three years in the field of finance are pushed.

Article 5. System of treasury

Local authorities of treasury of the Gorno-Badakhshan Autonomous Region, areas, the city of Dushanbe, cities and areas are directly subordinated and accountable to body of the Central Treasury and financial bodies of the Gorno-Badakhshan Autonomous Region, areas, the city of Dushanbe, cities and areas.

The procedure for clerical work of bodies of the Central and local Treasury, financing, documents acceptance, expense budget, report types of execution republican and local budgets is determined based on the instruction approved by the Ministry of Finance of the Republic of Tajikistan.

Chapter 3. Rights and obligations of bodies of the Central and local Treasury

Article 6. Rights of bodies of the Central and local Treasury

Bodies of the Central and local Treasury have the right:

- if necessary, based on bank statements to make the analysis of timely receipt of taxes and the income in the government budget through the corresponding treasurer accounts;

- demand from budgetary institutions submission of the documents and data necessary for studying and giving permission to financing and to return them to the above-stated organizations after check, registration and treasurer control;

- demand from the companies, organizations and the organizations, irrespective of patterns of ownership, the using budgetary funds, information on target use of these means;

- develop instructions, forms of accounting and the reporting under execution of the State Budget of the Republic of Tajikistan under the income and expenses, and also by rules of complete collection of state revenues (non-tax receipts in the republican budget and in local budgets), to consolidate all extrabudgetary funds;

- control means of trust state funds and special means of budgetary institutions;

- perform other powers provided by this Law, and other regulatory legal acts of the Republic of Tajikistan.

Article 7. Obligations of bodies of the Central and local Treasury

Bodies of the Central and local Treasury shall:

- exercise constant control over execution of the republican budget, local budgets, management of the single treasurer account, single local treasurer account and other accounts concerning the government budget;

- provide and control timely financing of the protected budget items and accept requests from budgetary institutions on financing of the expenditure item;

- constitute periodic reports on the income of the republican budget and local budgets, draw up reconciliation statements with tax and customs authorities;

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