Document from CIS Legislation database © 2003-2021 SojuzPravoInform LLC

ORDER OF THE GOVERNMENT OF THE REPUBLIC OF KAZAKHSTAN

of February 3, 2016 No. 49

About determination of conditions of provision of budget credit to joint-stock company "National managing holding "Kazagro"

The government of the Republic of Kazakhstan DECIDES:

1. Provide to joint-stock company "National managing holding "Kazagro" (further - the borrower) according to the Law of the Republic of Kazakhstan of November 30, 2015 "About the republican budget for 2016 - 2018" the budget credit in the amount of 60000000000 (sixty billion) tenges (further - the credit) provided according to the budget program 023 "Crediting of National Managing Holding Kazagro for Holding Actions for Support of Subjects of Agro-industrial Complex joint-stock company.

2. Determine the following conditions of loan granting to the borrower:

1) the purpose of loan granting is holding actions for support of subjects of agro-industrial complex;

2) the loan is granted to the borrower in tenge on the terms of urgency, the paid nature and recoverability for up to December 20, 2016 at the rate of remuneration, equal 0,01 (zero whole one 100-th) annual interest rate;

3) the period of development of the credit by the borrower begins with date of money transfer by the administrator into the account of the borrower in bank of the second level of the Republic of Kazakhstan and comes to an end on November 1, 2016.

3. Additional terms on provision, repayment and servicing of the credit are established in the credit agreement according to the budget legislation of the Republic of Kazakhstan.

4. The parties of the credit agreement are the Ministry of Finance of the Republic of Kazakhstan, the Ministry of Agriculture of the Republic of Kazakhstan and the borrower.

5. To provide to the Ministry of Agriculture of the Republic of Kazakhstan and the Ministry of Finance of the Republic of Kazakhstan in the procedure established by the legislation:

1) the conclusion of the credit agreement specified in item 4 of this resolution;

2) control and monitoring of target and effective use, repayment and servicing of the credit.

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

Prime Minister of the Republic of Kazakhstan

K. Masimov

 

 

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