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RESOLUTION OF THE CABINET OF MINISTERS OF UKRAINE

of March 25, 2015 No. 129

About approval of the Procedure for use of the means provided in the government budget on replenishment of current assets or increase in authorized capital of the coal-mining companies for repayment of overdue debt for the salary to workers formed for January 1, 2015

According to part seven of Article 20 of the Budget code of Ukraine the Cabinet of Ministers of Ukraine decides:

Approve the Procedure for use of the means provided in the government budget on replenishment of current assets or increase in authorized capital of the coal-mining companies for repayment of overdue debt for the salary to workers formed for January 1, 2015 which is applied.

Prime Minister of Ukraine

A. P. Yatsenyuk

 

Approved by the Resolution of the Cabinet of Ministers of Ukraine of March 25, 2015, No. 129

Procedure for use of the means provided in the government budget on replenishment of current assets or increase in authorized capital of the coal-mining companies for repayment of overdue debt for the salary to workers formed for January 1, 2015

1. This Procedure determines the mechanism of use of the means provided in the government budget according to the "Replenishment of Current Assets or Increase in Authorized Capitals of the Coal-mining Companies for Repayment of Overdue Debt for the Salary to Workers Formed for January 1, 2015" program (further - budgetary funds).

2. The main manager of budgetary funds and the executive in charge of the budget program is the Ministry of Energy and Coal Mining.

Receivers of budgetary funds are the state coal-mining companies and economic societies which 100 percent of shares belong to the state, registered and performing activities in the territory in which public authorities perform in full the powers (further - the coal-mining companies).

3. Budgetary funds are allocated to the coal-mining companies on irretrievable basis.

Budgetary funds are used for financial improvement of the coal-mining companies by replenishment of current assets or increase in authorized capital of the coal-mining companies for repayment of overdue debt for the salary to employees of the coal-mining companies formed for January 1, 2015 and introduction of the obligatory payments connected with salary payment taking into account results of inventory count of the specified debt.

4. The coal-mining companies perform inventory count of overdue debt on the salary to workers and the obligatory payments connected with salary payment which was formed for January 1, 2015 (considering wages payable with charges for December, 2014) and not extinguished on the date of carrying out inventory count.

Results of inventory count give the coal-mining companies to the Ministry of Energy and Coal Mining.

5. Ministry of Energy and Coal Mining:

1) is approved by distribution of amount of budgetary appropriations by the coal-mining companies. If the amount of allocated funds is less than amount of overdue debt on the salary to workers and the obligatory payments connected with salary payment, the Ministry of Energy and Coal Mining distributes budgetary funds between the coal-mining companies in proportion to debt amount;

2) transfers budgetary funds to the coal-mining companies into the separate accounts opened in bodies of Treasury.

6. Opening of accounts, registration, accounting of the budget obligations in bodies of Treasury, the transactions connected with use of budgetary funds are performed in the procedure established by the legislation.

7. Creation and submission of financial and budget reports about use of budgetary funds, and also control of their target and effective expenditure are performed in the procedure established by the legislation.

 

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