RESOLUTION OF COUNCIL OF MINISTERS OF THE REPUBLIC OF BELARUS

of April 15, 2015 No. 309

About compensation in 2015 of part of interest for using bank loans

According to subitem 1.1 of Item 1 of article 18 of the Law of the Republic of Belarus of December 30, 2014 "About the republican budget for 2015", presidential decrees of the Republic of Belarus of March 28, 2006 No. 182 "About enhancement of legal regulation of procedure for rendering the state support to legal entities and individual entrepreneurs" and of April 25, 2012 No. 205 "About some questions of the open joint stock company "Baranovichi Production Cotton Association" Council of Ministers of the Republic of Belarus DECIDES:

1. Compensate in 2015 to "Baranovichi Production Cotton Association" open joint stock company (further - JSC BPHO) at the expense of the means of the republican budget provided on other questions in the field of the industry, constructions and architecture, part paid in December, 2014, but not compensated in 2014, and also interest for using paid in 2015 provided by open joint stock company "Belarusbank savings bank according to item 4 of the Presidential decree of the Republic of Belarus of April 25, 2012 to No. 205 "About some questions of "Baranovichi Production Cotton Association" open joint stock company (The national register of legal acts of the Republic of Belarus, 2012, No. 49, 1/13476) the bank loans issued:

in foreign currency, - in the amount of 50 percent of rate on the credit in Belarusian rubles on the official rate of National Bank for date of compensation of percent;

in Belarusian rubles, - in the amount of 50 percent of the refunding rate of National Bank established for date of compensation of percent.

The received funds in 2015 are allocated by JSC BPHO for replenishment of current assets.

2. Condition of rendering the state support of JSC BPHO according to this resolution, and also persons on whom the personal responsibility for its accomplishment is conferred are established respectively in subitem 6.2 of Item 6 and in Item 7 of the Presidential decree of the Republic of Belarus of April 25, 2012 No. 205.

3. Provide to the Ministry of Finance in 2015 compensation of JSC BPHO of part of interest for using the credits specified in Item 1 of this resolution.

4. To provide to the Belarusian state concern on production and sales of goods of light industry together with the State committee on property in 2016 increase in share of the Republic of Belarus in authorized capital of JSC BPHO at compensation amount of part of interest for using bank loans according to Item 1 of this resolution.

5. To impose control over the implementation of this resolution on the Belarusian state concern on production and sales of goods of light industry.

6. This resolution becomes effective from the date of its acceptance.

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