Document from CIS Legislation database © 2003-2020 SojuzPravoInform LLC

PRESIDENTIAL DECREE OF THE REPUBLIC OF BELARUS

of May 11, 2017 No. 155

About Belagroprombank and Asset Management Agency open joint stock companies

For the purpose of creation of conditions for steady functioning of Belagroprombank and Asset Management Agency open joint stock companies I decide:

1. To the Ministry of Finance till June 1, 2017:

1.1. acquire shares of Belagroprombank open joint stock company (further - bank) at par value on the amount to 102, of 4 million rubles acquired by bank according to Item 11 of the Presidential decree of the Republic of Belarus of July 14, 2016 No. 268 "About creation and activities of Asset Management Agency open joint stock company at the expense of the means of the state trust budget fund of national development placed in bank deposits (deposits) of bank for crediting by bank according to legal acts of purchase of fuels and lubricants and nitrogen fertilizers in the amount to 102, of 4 million rubles;

1.2. deposit funds in the amount to 284, of 96 million rubles as money deposit of the Republic of Belarus in authorized capital of bank at the expense of placed in bank deposits (deposits) of bank:

means of the state trust budget fund of national development for crediting by bank according to legal acts of housing construction in the village in the amount to 53, 42 million rubles, purchases of fuels and lubricants and nitrogen fertilizers in the amount to 181, 54 million rubles;

remaining balance of the means of the republican budget formed for January 1, 2017 for financing of purchase of crop production products by bank for republican state needs in the amount to 50 million rubles.

2. To regional executive committees till June 1, 2017 to bring as money deposit in authorized capital of bank the means placed in bank deposits (deposits) of bank in the amount to 143, of 03 million rubles provided to regional budgets in the form of budget credits at the expense of means of the state trust budget fund of national development for crediting by bank according to legal acts of purchase of mineral fertilizers, including:

To the Brest regional executive committee - to 23, 24 million rubles;

To the Vitebsk regional executive committee - to 24, 22 million rubles;

To the Gomel regional executive committee - to 22, 14 million rubles;

To the Grodno regional executive committee - to 22, 24 million rubles;

To the Minsk regional executive committee - to 32, 44 million rubles;

To the Mogilev regional executive committee - to 18, 75 million rubles.

From the date of introduction of means as money deposit in authorized capital of bank according to part one of this Item debt obligations of regional budgets on the budget credits provided at the expense of means of the state trust budget fund of national development for financing of purchase of mineral fertilizers by bank in the sizes corresponding to the sizes of the money deposited in authorized capital of bank stop.

3. To representatives of the state in governing bodies of bank to initiate decision making by these bodies about financing of housing construction by bank in the village, purchases, deliveries or productions mineral (including nitric) fertilizers and fuels and lubricants, including expenses on their delivery (including transport).

Compensation to bank of the losses connected with loan granting, specified in part one of this Item from republican and (or) local budgets is not performed.

Guarantees of the Government of the Republic of Belarus, local executive and administrative organs on the credits specified in part one of this Item are not provided.

4. The organizations of agro-industrial complex *, the being receivers of mineral fertilizers (including nitric) and fuels and lubricants, on purchase (production) of which attract the loans according to part one of Item 3 of this Decree, and agricultural organizations **, the being borrowers on the credits included in the list of the assets transferred to Asset Management Agency open joint stock company according to the Presidential decree of the Republic of Belarus of July 14, 2016 No. 268 (further - the organizations borrowers), special bank accounts according to the procedure, established by the legislation are opened.

The special accounts of the organizations borrowers opened before entry into force of this Decree which mode of functioning provides implementation of payments on principal debt and interest payment for use of the loans granted by bank on purchase mineral (including nitric) fertilizers and fuels and lubricants, are subject to closing with the organizations borrowers no later than the opening day of the special accounts specified in part one of this Item. Balances in cash from the closed special accounts are transferred by the organizations borrowers into the special accounts opened by them according to part one of this Item.

The money enlisted into the special accounts of the organizations borrowers opened according to part one of this Item has purpose and goes:

first of all - on implementation of payments to bank on principal debt and interest payment for use of the loans granted by bank to the organizations borrowers on purchase mineral (including nitric) fertilizers and fuels and lubricants, and into special accounts of the organizations performing delivery or production of mineral fertilizers (including nitric) and fuels and lubricants (further - supply agencies), opened according to part four of this Item, for the delivered mineral fertilizers (including nitric) and fuels and lubricants. At the same time these payments are made according to the procedure of calendar receipt of settlement documents in bank;

at second priority - on implementation of payments to Asset Management Agency open joint stock company on principal debt and interest payment for use of the credits included in the list of the assets transferred to the this society according to the Presidential decree of the Republic of Belarus of July 14, 2016 No. 268;

in the third queue - on acquisition mineral (including nitric) fertilizers and fuels and lubricants, spare parts for agricultural machinery, including expenses on their delivery (including transport), debt repayment on payments for them.

By supply agencies special bank accounts according to the procedure, established by the legislation can be opened. The money enlisted into these accounts has purpose and goes for implementation of payments to bank on principal debt and interest payment for use of the loans granted to them according to part one of Item 3 of this Decree on delivery or production mineral (including nitric) fertilizers and fuels and lubricants.

______________________________

* For the purposes of this Decree the organizations of agro-industrial complex are understood as legal entities whose types of activity are production of agricultural products, provision of services in the field of crop production and livestock production, and also services in servicing of agricultural industry.

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