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The document ceased to be valid since  July 10, 2015 according to Item 2 of the Resolution of the Cabinet of Ministers of Ukraine of  June 26, 2015 No. 442

RESOLUTION OF THE CABINET OF MINISTERS OF UKRAINE

of February 3, 2014 No. 37

Some questions of partial compensation of interest expenses on the borrowings involved to construction of multipurpose sports constructions (arenas) within preparation and carrying out in Ukraine of final basketball tournament of the European championship of 2015

The Cabinet of Ministers of Ukraine decides:

1. Approve the Procedure and conditions of implementation of partial compensation of interest expenses on the borrowings involved to construction of multipurpose sports constructions (arenas) within preparation and carrying out in Ukraine of final basketball tournament of the European championship of 2015 which are applied.

2. Item 4 of the Procedure for use of the means provided in the government budget for implementation of actions for preparation and carrying out in Ukraine of final basketball tournament of the European championship of 2015 approved by the resolution of the Cabinet of Ministers of Ukraine of February 20, 2013 No. 141 (Official Bulletin of Ukraine, 2013, No. 19, Art. 651), to state in the following edition:

"4. Budgetary funds are allocated on:

designing, construction, reconstruction and capital repairs of sports arenas, other objects of sports infrastructure in the cities of holding the championship for the purpose of reduction of such objects in compliance with requirements of the European federation of basketball;

implementation of organizational actions for preparation and holding championship;

partial compensation of interest expenses on the borrowings involved to construction of multipurpose sports constructions (arenas) within preparation and holding the championship.".

Acting as Prime Minister of Ukraine

S. Arbuzov

Approved by the Resolution of the Cabinet of Ministers of Ukraine of February 3, 2014 No. 37

Procedure and conditions of implementation of partial compensation of interest expenses on the borrowings involved to construction of multipurpose sports constructions (arenas) within preparation and carrying out in Ukraine of final basketball tournament of the European championship of 2015

1. These the Procedure and conditions determine the mechanism of implementation of partial compensation of interest expenses by the borrowings involved in national currency by receipt of the credits in banks or placements of bonds of the companies to construction of multipurpose sports constructions (arenas) within preparation and carrying out in Ukraine of final basketball tournament of the European championship of 2015 (further - compensation), at the expense of the means provided in the government budget for implementation of actions for preparation and carrying out in Ukraine of final tournament of the specified championship (further - budgetary funds).

2. Compensation is performed to subjects of managing - owners, customers of construction of sports arenas on which sports basketball matches of final tournament of the European championship of 2015 which involved borrowings to construction of such objects (further - borrowers) will be played.

3. The list of objects on which borrowings for construction compensation is performed (further - the list) affirms the Cabinet of Ministers of Ukraine on Ukrevroinfraproyekt representation.

4. For inclusion of objects in the list borrowers submit to Ukrevroinfraproyekt notarized copies of the prospectus of the issue of interest bearing bonds with mark NKTsBFR about its registration and registration certificates of their release (in case of attraction of borrowing by placement of bonds of the companies).

5. Objects are included in the list taking into account the following requirements:

the conclusions the borrower with the legal entity authorized by the European federation of basketball and Federation of basketball of Ukraine on implementation of organizational actions and to holding in Ukraine final basketball tournament of the European championship of 2015, the lease agreement of object for holding sports matches of the championship;

compliance of construction projects of objects to world-class technical characteristics and requirements of the international sports organizations for holding sporting events;

the term of commissioning according to the schedule of accomplishment of installation and construction works - no later than June 1, 2015, and opening of object for visitors - no later than July 1, 2015.

6. Compensation is performed within the budgetary funds provided by Ukrevroinfraproyekt in the law on the Government budget of Ukraine for the corresponding year.

7. The amount of the interest expenses added and actually paid by the borrower in the amount of 14,3 of interest rate is subject to compensation provided that the amount of borrowing does not exceed 75 percent from object construction cost.

8. Compensation is paid monthly to the 25th.

9. Compensation cannot be directed to repayment of penalties (including penalties) and/or other debt obligations of the borrower for use of borrowing.

10. For compensation implementation Ukrevroinfraproyekt signs the agreement for the purpose of which conclusion the borrower gives with the borrower:

1) statement for compensation;

2) the copies certified in accordance with the established procedure:

the credit agreement and additional contracts between the borrower and bank, the repayment schedule of the credit and interest payment for use of it (in case of attraction of borrowing by receipt of the credit);

purchase and sale agreements of securities and additional agreements to them together with the prospectus of the issue of interest bearing bonds with mark NKTsBFR about its registration and the registration certificate of their release (in case of attraction of borrowing by placement of bonds of the companies);

constituent documents of the borrower and the extract from the Unified State Register of Legal Entities and physical persons - entrepreneurs;

the documents confirming the property right or right to use with the parcel of land on which it is located (it is planned to arrange) object;

contracts between the owner (user) of the parcel of land and the borrower as the customer of construction and/or other documents according to which to the borrower the rights of the customer of construction are transferred (in the presence);

the document certifying passing of project appraisal of asset construction;

the decision on approval in accordance with the established procedure the project documentation, the approved summary estimate calculation of construction cost and technical and economic indicators of object;

permissions to accomplishment of construction works;

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