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LAW OF THE KYRGYZ REPUBLIC

of August 7, 2015 No. 223

About debt write-off on insurance premiums, penalties and penalty fee of local government bodies

Accepted by Jogorku Kenesh of the Kyrgyz Republic on June 30, 2015

Article 1.

This Law is directed to support of financial and economic condition of local government bodies and contribution to development of local self-government.

Article 2.

1. The debt of local government bodies on insurance premiums, penalties and penalty fee formed till January 1, 2015 as a result of failure to pay the assessed insurance premiums by transfer to lease of lands of the State fund of agricultural holdings is written off in full.

2. In case of entry into force of court resolution about debt collection on insurance premiums, financial sanctions and penalty fee for benefit of Social fund of the Kyrgyz Republic to the introduction of this Law in force, the debt on insurance premiums, penalties and penalty fee is not subject to write-off.

Article 3.

This Law becomes effective after 10 days from the date of official publication.

President of the Kyrgyz Republic

A. Atambayev

 

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