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RESOLUTION OF THE CABINET OF MINISTERS OF THE REPUBLIC OF UZBEKISTAN

of January 16, 2017 No. 14

About approval of the Regulations on procedure for financing of construction and reconstruction, and also realization of apartments in the apartment house to the young families, inhabitants of shabby apartment houses and other categories of citizens needing housing improvement

(as amended on 21-10-2019)

In pursuance of the resolution of the President of the Republic of Uzbekistan of November 22, 2016 No. PP-2660 "About measures for program implementation for construction and reconstruction of available apartment houses in the cities for 2017 - 2020", and also for the purpose of increase in level and quality of life of the population living in the cities of the republic due to expansion of scales of construction of available apartment houses the Cabinet of Ministers decides:

1. Approve Regulations on procedure for financing of construction and reconstruction, and also realization of apartments in the apartment house to the young families, inhabitants of shabby apartment houses and other categories of citizens needing housing improvement according to appendix.

2. Control over xecution of this resolutionshall be imposed on the First Deputy Prime Minister of the Republic of Uzbekistan - the chairman of the board of JSC Uzbekiston temir yullari A. Zh. Ramatov.

Prime Minister of the Republic of Uzbekistan
Abdullah Aripov

Appendix

to the Resolution of the Cabinet of Ministers of the Republic of Uzbekistan of January 16, 2017 No. 14

Regulations on procedure for financing of construction and reconstruction, and also realization of apartments in the apartment house to the young families, inhabitants of shabby apartment houses and other categories of citizens needing housing improvement

Chapter 1. General provisions

1. This Provision regulates procedure for issuance of credits of AKIB "Ipoteka-bank" to the customer for construction and reconstruction of apartment houses in the cities within the Program for construction and the reconstruction of available apartment houses in the cities for 2017 - 2020 approved by the resolution of the President of the Republic of Uzbekistan of November 22, 2016 No. PP-2660 (further - the Program), and also procedure for realization of apartments in apartment houses to mainly young families, inhabitants of shabby apartment houses and other categories of citizens needing housing improvement.

2. In this Provision the following concepts are used:

bank - AKIB "Ipoteka-bank" with functions of issuance of credit to the customer on construction and reconstruction of apartment houses, and also realization of apartments by registration of mortgage loans to borrowers on their acquisition in apartment houses;

the customer - republican specialized engineering company Uzshakhar kurilish invest LLC with functions on execution of the necessary design estimates on reconstruction and construction of arrays of available apartment houses, standard projects, implementation of test authority behind timely and high-quality performance of works on construction and reconstruction, and also on target and effective use of means;

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