LAW OF THE REPUBLIC OF UZBEKISTAN

of August 26, 2004 No. 664-II

About treasurer execution of the State Budget

Article 1. Purpose of this Law

The purpose of this Law is relations management in the field of treasurer execution of the State Budget of the Republic of Uzbekistan (including the state trust funds) and extrabudgetary funds of state-financed organizations (further - treasurer execution of the State Budget).

Article 2. Legislation on treasurer execution of the State Budget

The legislation on treasurer execution of the State Budget consists of this Law and other acts of the legislation.

If the international treaty of the Republic of Uzbekistan establishes other rules, than those which are stipulated by the legislation the Republic of Uzbekistan about treasurer execution of the State Budget then are applied rules of the international treaty.

Article 3. Basic principles of treasurer execution of the State Budget

The basic principles of treasurer execution of the State Budget are the unity of cash desk and unity of the organization of financial accounting and the reporting.

Article 4. Treasurer execution of the State Budget

Treasurer execution of the State Budget is transfer of all income of the Government budget into the single treasurer account, and also payment of expenses of the Government budget from this account.

Article 5. Terms of treasurer execution of the State Budget

Treasurer execution of the State Budget is performed within financial year and additional period of time established by the Cabinet of Ministers of the Republic of Uzbekistan.

Article 6. Treasury

Treasurer execution of the State Budget is performed by specially authorized financial body determined by the legislation, and its territorial subdivisions in the Republic of Karakalpakstan, areas, areas, the cities (further - Treasury).

Article 7. Main objectives of Treasury

The main objectives of Treasury are:

cash execution of the State Budget;

control of receipt and expenditure of the State Budget;

management of means of the Government budget, maintaining the single treasurer account and territorial treasurer accounts;

obligatory registration of the contract of the receiver of budgetary funds with the supplier of goods (performing work, rendering service), and also contracts of the customer for capital construction at the expense of means of the Government budget;

implementation of payments for and on behalf of legal entities or physical persons for which means are provided in the Government budget;

conducting financial accounting of treasurer execution of the State Budget;

collection, processing, information analysis and creation of the performance report of the Government budget;

servicing of the public internal and external debt of the Republic of Uzbekistan, execution of guarantees of the Republic of Uzbekistan;

complete and system accounting of all types of the humanitarian assistance arriving to the Republic of Uzbekistan and means of technical assistance, including in non-material form.

Article 8. Relations of Treasury with other bodies and the organizations

The treasury performs the tasks assigned to it in interaction with other state bodies, public authorities on places, the Central bank of the Republic of Uzbekistan, commercial banks, other organizations. The specified bodies and the organizations shall render assistance to Treasury in implementation of cash execution of the State Budget, in management of its means, control of receipt and expenditure of the State Budget.

Treasury and bodies of the public Tax, Customs Service, the Central bank of the Republic of Uzbekistan, commercial banks, bodies managers of the state trust funds, legal entities for whom means are provided in the Government budget and also other participants of the budget process perform exchange of data in the field of treasurer execution of the State Budget according to the procedure, established by the legislation.

Organa - managers of the state trust funds, legal entities for whom means are provided in the Government budget and also other participants of the budget process bear responsibility for reliability and justification of the information provided in Treasury.

Article 9. Bank accounts of Treasury

The single treasurer account is the special bank account managed by Treasury on which means of the Government budget and extrabudgetary funds of state-financed organizations are enlisted. From the single treasurer account expenses of legal entities and physical persons for which means are provided in the Government budget are paid, and also expenses of the state trust funds are performed.

The single treasurer account is opened by Treasury in the Central bank of the Republic of Uzbekistan in accordance with the established procedure. The treasury has the right to open other bank accounts in the Central bank of the Republic of Uzbekistan and other banks. Write-off of funds from bank accounts of Treasury in indisputable procedure is not allowed.

Article 10. Transfer of the income of the Government budget and extrabudgetary funds of state-financed organizations

Taxes, charges and other obligatory payments are enlisted in the Government budget into the single treasurer account with their reflection in the income according to the republican budget, the budget of the Republic of Karakalpakstan, local budgets, the state trust funds.

Extrabudgetary funds of state-financed organizations are enlisted into the single treasurer account with their reflection in the income of these organizations.

The taxes, charges and other obligatory payments in the Government budget paid in foreign currency and also extrabudgetary funds of state-financed organizations in foreign currency are enlisted on currency bank accounts of Treasury if other is not stipulated by the legislation.

Article 11. Return of the amounts of taxes, charges and other obligatory payments

The treasury performs return to legal entities and physical persons of the amounts of taxes, charges and other obligatory payments which are excessively paid by them from the single treasurer account or other bank accounts of Treasury according to the procedure, established by the legislation.

Article 12. Implementation of expenses of the Government budget

Expenses of the Government budget are performed from the single treasurer account or other bank accounts of Treasury at the scheduled time and within remaining balance of means according to the republican budget, the budget of the Republic of Karakalpakstan, the local budget, the state trust funds and extrabudgetary funds of state-financed organizations.

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