On The Budget For The Development Of The Russian Federation

Original Language Title: О Бюджете развития Российской Федерации

Read the untranslated law here: http://pravo.gov.ru/proxy/ips/?doc_itself=&infostr=x&backlink=1&fulltext=1&nd=102056634

Suspended-the Federal law dated 24.12.2002 N 176-F3;
Federal law dated 23.12.2003 N 186-FL ineffective federal law from 22/08/2004, no. 122-FZ of the RUSSIAN FEDERATION FEDERAL LAW on the budget for the development of the Russian Federation adopted by the State Duma on November 5, 1998 the year approved by the Federation Council November 12, 1998 year of this federal law defines the legal and organizational basis for the formation and expenditure of federal funds intended for the implementation of State support on a competitive basis, investors high-performance finance investment projects (hereinafter referred to as the investment projects), either through the provision of State guarantees, either through direct allocation of funds in a reimbursable, chargeable and time.
T s t b I 1. The budget for the development of the Russian Federation 1. The budget for the development of the Russian Federation (hereinafter referred to as the development budget) is an integral part of the federal budget that is generated in the composition of the capital expenditures of the federal budget and used for the lending, investment, and collateral for investment projects in the manner prescribed by this federal law.
2. The amount of money allocated in the budget development, establishes the Federal law on the federal budget for the next fiscal year.
3. Lending, investment and guarantee investment projects financed by the development budget are carried out under the conditions prescribed by articles 5 and 7 of this federal law.
T s t b I 2. Sources of funds for development 1. Budget development is derived from the following sources: domestic and foreign borrowings of the Russian Federation for investment purposes;
part of the federal revenues from the use and sale of property in federal property;
Federal revenues from use and privatization of federal property created as a result of financing the investment projects financed by the development budget;
Federal revenues from previously produced budgetary investment allocations in a reimbursable, chargeable and time;
deduction of the share of proceeds to the federal budget from placement of Government securities in proportion to be determined by the Federal law on the federal budget for the next fiscal year;
50 per cent of the amounts actually exceeded income received from foreign economic activity over proceeds of specified activities as relevant, established by the Federal law on the federal budget for the next fiscal year;
other sources stipulated by legislation of the Russian Federation.
2. Development budget funds are accumulated in the special accounts of the main bodies of management of Federal Exchequer of the Ministry of Finance of the Russian Federation in the institutions of the Central Bank of the Russian Federation.
T s t b I 3. Use of funds the development budget 1. Funds channeled to the development budget: financing of investment projects, selected on a competitive basis in accordance with this federal law;
the performance of the obligations of the Government of the Russian Federation on State guarantees to investors at the expense of the development budget as prescribed by the Government of the Russian Federation.
2. Use of funds the development budget for the financing of investment projects is carried out exclusively on a competitive basis under the conditions of recurrency, urgency, and leakage.
3. Diversion of temporarily free funds of the development budget on financial transactions that are not associated with investment projects development budget, are not allowed.
T s t b I 4. Budget management development 1. Budget management for the development of the Government of the Russian Federation.
2. at the request of the Government of the Russian Federation, the authorized federal body of executive power: operational management budget development;
conducts analysis, evaluation and selection of investment projects for the provision of cash and State guarantees for budget development;
ensures consistent financing of investment projects at the expense of investors and funds allocated from the federal budget;
provides investors on behalf of the Government of the Russian Federation State guarantees for the development budget.
3. Budget management activity development is regulated by this federal law, other federal laws and other regulatory legal acts of the Russian Federation.
T s t b I 5. The provision of State guarantees

1. Government guarantees at the expense of the development budget in accordance with this federal law shall be the obligation of the Government of the Russian Federation to reimburse the creditor at the expense of the development budget is actually part of their funds to finance an investment project in the case of defaulting borrower (an investor) of principal within the period stipulated in the loan agreement.
2. the granting of State guarantees at the expense of the development budget is carried out on a competitive basis.
State guarantees for the development budget are provided to borrowers (investors) in favor of credit organizations, residents and non-residents of the Russian Federation on an equal footing.
3. The ratio between the size of State guarantees provided at the expense of the development budget, and the size is actually provided by a lender of funds to implement a specific investment project shall be established by the Government of the Russian Federation in accordance with the Federal law on the federal budget for the next fiscal year and the present Federal law.
For different categories of investment projects, if such categories envisaged regulations of the Government of the Russian Federation or the legislation of the Russian Federation indicated the standard can have different values.
T s t b I 6. The procedure for conducting investment competitions procedure for holding investment competitions for or provision of State guarantees to investors at the expense of the development budget, or the allocation of funds to investors at the expense of the development budget for the financing of investment projects in a reimbursable, chargeable and time shall be established by the Government of the Russian Federation.
T s t b I 7. Conditions and procedure for granting State guarantees to investors at the expense of the development budget and the allocation of funds to investors at the expense of the development budget to finance investment projects 1. The provision of State guarantees to investors at the expense of the development budget and the allocation of funds to investors for financing the investment projects financed by the development budget are implemented with: higher relative to other investment projects the level of impact on the federal budget for each ruble provided government guarantees at the expense of development budget or funds allocated to financing the investment project financed by the development budget;
the presence of the borrower's own funds in the amount of not less than 20 per cent of the total proposed investment project financing, and on major investment projects (not less than 50 million United States dollars)-not less than 10 per cent of the specified amount;
risk diversification of the State with private capital (private co-investors and lenders willing to provide funding for investment project in conjunction with the State, including the presence of an investor's own funds, not covered by a State guarantee).
2. the allocation of funds at the expense of the development budget is carried out: by crediting selected competitions investment projects provided own funds investor and other sources of financial resources in addition to budgetary funds;
through direct investments in commercial property of organizations carrying out investment projects, with a corresponding increase in the proportion of States in authorized capitals of these organizations.
3. Lending investment projects is carried out exclusively by payment of bills for goods and services, necessary for the implementation of these projects, volumes and schedules that are consistent with the authorized by the Government of the Russian Federation, federal bodies of executive power.
4. Lending and guarantee investment projects are being implemented in phases. At each stage the share of allocated funds at the expense of the development budget of the total funds needed to finance phase, or the proportion covered by a State guarantee for the development budget means lenders must not exceed the limit set for investment projects in General, the Government of the Russian Federation in accordance with this federal law.
5. For each individual investment project should be a private scheme of its financial support, including a schedule of payments all co-investors, the amount and form of State participation in financing the investment project and ensure repayment of monies for development budget (mortgage schemes, or unconditional counter-guarantee financial institutions, or other forms of repayment).
T s t b I 8. Reimbursement of nested at the expense of the development budget of funds Reimbursement nested at the expense of development budget funds is ensured through: the return of the borrowers of loans at the expense of the development budget, and interest payments for their use;

refund from the sale of property used as collateral when providing State guarantees for the development budget or finance an investment project in a reimbursable, chargeable and time, in the event of termination of the investment project implementation due to the fault of the borrower and in other cases stipulated by the terms of the loan agreement between the borrower and the Government of the Russian Federation.
T s t b I 9. Participation of entities of the Russian Federation in achieving the goals and objectives of the development budget 1. The constituent entities of the Russian Federation participate in achieving the goals and objectives of the development budget by issuing opinions, for their commitment to providing State support for investment projects on their territories, with the provision of State guarantees at the expense of development budget or funded in a reimbursable, chargeable and time at the expense of the development budget.
Public support for these investment projects of constituent entities of the Russian Federation could be provided through the provision of State guarantees issued in accordance with the legislation of the constituent entities of the Russian Federation, by crediting on the conditions of reflexivity, serviceability and maturity through the budget of the Russian Federation or direct investment, and also in other ways, determined by the constituent entities of the Russian Federation independently in the light of this federal law and legislation of the constituent entities of the Russian Federation.
2. the Government of the Russian Federation may transfer the bodies of executive power of the constituent entities of the Russian Federation to conduct investment competitions development budget in certain categories of investment projects. The conditions and procedure for the transfer of the right determines the Government of the Russian Federation, unless otherwise stipulated in the Federal law.
3. State guarantees of the Russian Federation subjects can be provided as: secure the obligations of recipients of development budget before the Government of the Russian Federation;
safeguards to ensure part of the funding of the investment project not covered by State guarantees for the development budget.
Categories of investment projects for which applications for participation in the tender presence of the conclusion of the executive authorities of the constituent entities of the Russian Federation is optional, defines the Government of the Russian Federation, unless otherwise stipulated in the Federal law.
T s t b I 10. Budget monitoring development 1. Budget monitoring development in the use of money and Government guarantees at the expense of the federal budget is the same as the control over the execution of the federal budget. Performance report on the budget of development is represented in the State Duma of the Federal Assembly of the Russian Federation as a part of the report on the execution of the federal budget.
2. the audit of the financial activities of the Government of the Russian Federation on the use of the development budget is held of the accounts Chamber of the Russian Federation on behalf of the State Duma. Report about a specified verification is submitted to the State Duma.
T s t b I 11. The entry into force of this federal law this federal law shall enter into force on the day of its official publication.
The President of the Russian Federation, b. Yeltsin, Kremlin, Moscow, N November 26, 1998 181-FZ