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RESOLUTION OF COUNCIL OF MINISTERS OF THE REPUBLIC OF BELARUS

of April 25, 2015 No. 337

About compensation in 2015 of interest for using bank loan

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 November 14, 2013 No. 510 "About some questions of activities of the open joint stock company "Kamvol" Council of Ministers of the Republic of Belarus DECIDES:

1. Compensate in 2015 to Kamvol open joint stock company (further - JSC Kamvol) at the expense of the means of the republican budget provided on other questions in the field of the industry, constructions and architecture, interest for using the bank loan issued by open joint stock company "Belarusbank savings bank according to Item 3 of the Presidential decree of the Republic of Belarus of November 14, 2013 to No. 510 "About some questions of activities of Kamvol open joint stock company (The national legal Internet portal of the Republic of Belarus, 19.11. 2013, 1/14616) for implementation of the investment project "Creation of new production on release of competitive fabrics business and economy classes in the conditions of JSC Kamvol and replenishment of current assets, in the amount of 100 percent of rate on it with compensation in Belarusian rubles on the official rate of National Bank for date of compensation.

The received funds in 2015 are allocated by JSC Kamvol for implementation of the called investment project and replenishment of current assets.

2. Condition of rendering JSC Kamvol of the state support provided in Item 1 of this resolution, and also person on whom the personal responsibility for its accomplishment is conferred are established respectively in subitem 4.4 of item 4 and Item 9 of the Presidential decree of the Republic of Belarus of November 14, 2013 No. 510.

3. Provide to the Ministry of Finance in 2015 compensation of interest for using bank loan according to Item 1 of this resolution.

4. To provide to the state committee on property together with the Ministry of Finance and the Belarusian state concern on production and sales of goods of light industry in 2016 increase in share of the Republic of Belarus in authorized capital of JSC Kamvol at compensation amount of interest for using bank loan 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.

Prime Minister of the Republic of Belarus

A. Kobyakov

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