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ORDER OF THE GOVERNMENT OF THE REPUBLIC OF KAZAKHSTAN

of November 9, 2012 No. 1427

About approval of Rules of reference of the socially important and (or) industrial and innovative projects realized by National welfare fund or the organization entering into group of National welfare fund to low-profitable

(as amended of the Order of the Government of the Republic of Kazakhstan of 27.12.2022 No. 1071)

According to Item 2 of article 15 of the Law of the Republic of Kazakhstan "About National welfare fund" the Government of the Republic of Kazakhstan DECIDES:

1. Approve the enclosed Rules of reference of the socially important and (or) industrial and innovative projects realized by National welfare fund or the organization entering into group of National welfare fund to low-profitable.

2. This resolution becomes effective after ten calendar days from the date of the first official publication.

Prime Minister of the Republic of Kazakhstan

S. Akhmetov

Approved by the Order of the Government of the Republic of Kazakhstan of November 9, 2012 No. 1427

Rules of reference of the socially important and (or) industrial and innovative projects realized by National welfare fund or the organization entering into group of National welfare fund to low-profitable

General provisions

1. These rules of reference of the socially important and (or) industrial and innovative projects realized by National welfare fund or the organization entering into group of National welfare fund to low-profitable are developed according to Item 2 of article 15 of the Law of the Republic of Kazakhstan "About National welfare fund" and establish procedure for reference of the socially important and (or) industrial and innovative projects realized by National welfare fund (further – Fund) or the organization entering into group of National welfare fund (further – group of Fund), to low-profitable.

2. The companies entering into group of Fund direct the socially important and (or) industrial and innovative projects initiated by the Government of the Republic of Kazakhstan to consideration of Fund.

3. The decision on reference of the socially important and (or) industrial and innovative projects initiated by the Government of the Republic of Kazakhstan, realized by Fund or the organization entering into group of Fund to low-profitable is accepted and affirms the board of directors of Fund. The decision on financing of such projects is also made by the board of directors of Fund.

 

 

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