ORDER OF THE GOVERNMENT OF THE REPUBLIC OF KAZAKHSTAN

of February 18, 2015 No. 68

About terms for crediting regional budgets, budgets of the cities of Astana and Almaty on designing and (or) construction of housing through system of housing construction savings for 2015 within the Development program of regions till 2020

According to Item 2 of Article 180 of the Budget code of the Republic of Kazakhstan of December 4, 2008, Item 9 of the order of the Government of the Republic of Kazakhstan of December 11, 2014 "About implementation of the Law of the Republic of Kazakhstan "About the republican budget for 2015 - 2017" the Government of the Republic of Kazakhstan DECIDES: No. 1300

1. Approve the enclosed terms for crediting regional budgets, budgets of the cities of Astana and Almaty on designing and (or) construction of housing through system of housing construction savings for 2015 within the Development program of regions till 2020.

2. To the Ministries of Finance, national economy of the Republic of Kazakhstan in the procedure established by the legislation to provide:

1) the conclusion of credit agreements with local executive bodies of areas, cities of Astana and Almaty;

2) control over the implementation of conditions of credit agreements;

3) control and monitoring of target and effective use, repayment and servicing of budget credits.

3. To local executive bodies of areas, cities of Astana and Almaty quarterly, no later than the 10th following the accounting period to provide information on development of the credits in the ministries of national economy and finance of the Republic of Kazakhstan.

4. To impose control of execution of this resolution on the Ministry of national economy of the Republic of Kazakhstan.

5. This resolution becomes effective from the date of its signing.

Approved by the Order of the Government of the Republic of Kazakhstan of February 18, 2015 No. 68

Terms for crediting regional budgets, budgets of the cities of Astana and Almaty on designing and (or) construction of housing through system of housing construction savings for 2015 within the Development program of regions till 2020

1. For loan granting to borrowers the following main conditions are established:

1) representation by local executive bodies of areas, cities of Astana and Almaty (further - borrowers) decisions of the maslikhats providing the corresponding receipts in regional budgets, budgets of the cities of Astana and Almaty for 2015 in the Ministry of Finance of the Republic of Kazakhstan (further - the creditor);

2) credits to the amount of 40848351000 (forty billion eight hundred forty eight million three hundred fifty one thousand) tenges are granted to borrowers:

in the amount of 30000000000 (thirty billion) tenges for a period of 1 (one) with return no later than March 31, 2016 on % 0,01 - ache to rate of remuneration for the account of the target transfers transferred from National fund of the Republic of Kazakhstan to the republican budget on housing construction through system of housing construction savings;

in the amount of 10848351000 (ten billion eight hundred forty eight million three hundred fifty one thousand) tenges for a period of 9 (nine) years on % 0,01 - ache to remuneration rate on designing and (or) construction of housing through system of housing construction savings within the Development program of regions till 2020;

3) the period of development of the credits allocated:

at the expense of the target transfers transferred from National fund of the Republic of Kazakhstan to the republican budget it is estimated from the moment of transfer of the credits from the account of the creditor and comes to an end on February 29, 2016;

within the Development program of regions till 2020 it is estimated from the moment of transfer of the credits from the account of the creditor and comes to an end on December 10, 2016.

2. Additional terms on provision, repayment and servicing of the credit are established in the credit agreement according to the Budget code of the Republic of Kazakhstan.

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