On Public Domestic Debt Of The Russian Federation

Original Language Title: О государственном внутреннем долге Российской Федерации

Read the untranslated law here: http://pravo.gov.ru/proxy/ips/?doc_itself=&infostr=x&backlink=1&fulltext=1&nd=102019614

Lost force since January 1, 2000 years-the Federal law dated 09.07.99 N 159-FZ z and c o n RUSSIAN FEDERATION on public domestic debt of the Russian Federation, the present law defines the concept of the State domestic debt of the Russian Federation, principles of management and control of its State, establishes the procedure for his services.
Article 1. General provisions 1. Public domestic debt of the Russian Federation are debt obligations of the Government of the Russian Federation, denominated in the currency of the Russian Federation (hereinafter referred to as the debt of the Russian Federation) before the juridical and physical persons, unless otherwise stipulated by legislative acts of the Russian Federation.
2. the State domestic debt of the Russian Federation is provided by all assets in possession of the Government of the Russian Federation.
Article 2. The form and composition of the State domestic debt of the Russian Federation 1. Debt obligations of the Russian Federation may be in the form of loans obtained by the Government of the Russian Federation;
Government loans, implemented through the issuance of securities on behalf of the Government of the Russian Federation;
other debt guaranteed by the Government of the Russian Federation.
2. the State domestic debt of the Russian Federation consists of the debt of the past and newly emerging debt.
3. Debt obligations of the former USSR are included in State domestic debt only in the part of the Russian Federation, adopted by the Russian Federation.
4. Debt obligations of the Russian Federation may be short-term (up to 1 year), medium-term (from 1 year up to 5 years) and long-term (from 5 to 30 years).
Any debt obligations of the Russian Federation are repaid within the time limits, which are determined by the specific terms of the loan and may not exceed 30 years.
5. the Russian Federation is not responsible for debts of the national Government and administrative-territorial entities of the Russian Federation, if they were not guaranteed by the Government of the Russian Federation.
Forms of debt national State and administrative-territorial entities of the Russian Federation and the conditions of their release (SERPs) are determined by the relevant bodies of the national State and administrative-territorial entities of the Russian Federation in accordance with the legislation of the Russian Federation.
Article 3. Management of Government domestic debt of the Russian Federation 1. The definition of a policy on public domestic debt of the Russian Federation carries out the Supreme Council of the Russian Federation on the basis of proposals submitted by the Government of the Russian Federation, together with the Central Bank of the Russian Federation.
The upper limit of the State domestic debt of the Russian Federation establishes the Supreme Council of the Russian Federation, with the approval of the Republican budget of the Russian Federation for the coming fiscal year.
2. Management of Government domestic debt of the Russian Federation, including the definition of the order, terms of issue (issue) and the placement of debt obligations of the Russian Federation, the Government of the Russian Federation in accordance with the legislative acts of the Russian Federation.
Article 4. Public domestic debt service of the Russian Federation 1. Public domestic debt service of the Russian Federation is made by the Central Bank of the Russian Federation and its institutions, unless otherwise provided by the Government of the Russian Federation, through the implementation of operations on the debt of the Russian Federation, their maturity and payment of interest income on them or in some other form.
2. Location costs, refinancing, paying income and debt of the Russian Federation implemented due to means of the Republican budget of the Russian Federation.
Article 5. Monitoring the State of the domestic debt of the Russian Federation to monitor the status of the State domestic debt of the Russian Federation is exercised by the Supreme Council of the Russian Federation.
Article 6. Publication of data on public domestic debt of the Russian Federation the Government of the Russian Federation annually no later than may of the current year, publishes data on the status of the State domestic debt of the Russian Federation for the previous fiscal year.
Russian President Boris Yeltsin in Moscow, the Russian House of Soviets, N November 13, 1992 3877-I