On The State's Internal Debt Of Ukraine

Original Language Title: Про державний внутрішній борг України

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Read the untranslated law here: http://zakon3.rada.gov.ua/laws/show/2604-12

                                                          

With a k o n u r as th n and {Act repealed by law 3614 N-VI (4067-17) from Jul 07, VVR, 2012, N 9, 63} on the State domestic debt of Ukraine (Verkhovna Rada of Ukraine (BD), 1992, N 41, 598) {entered into BP N 2605-XII (2605-12) from 16.09.92, VVR, 1992, N 41, 599} {with changes amended by Law N 1746-III (1746-14) of 18.05.2000, VVR, 2000, N 35, 282 2905 N-III (2885-14) of 20.12.2001, VVR, 2002, N 12-13, 92 N 380-IV (38-15) on 26.12.2002, VVR, 2003, N 10-11, 86 N IV-1344 (1344-15) of 27.11.2003, VVR, 2004, N 17-18, 250 N 2285-IV (2285-15) of 23.12.2004, VVR, 2005, N 7-8, 162 N IV-2505 (2505-15) from 25.03.2005 , SC, 2005, N 17, N 18-19, 267} article 1. The concept of the State domestic debt the State domestic debt of Ukraine is the term debt the Government in cash.
State internal debt is guaranteed to all property that is in State ownership.
Article 2. The composition of the State domestic debt To the State's internal debt includes Government borrowing and lending made when we guarantee of the Government, to provide for the financing of national programs.
State domestic debt consists of debt of previous years and the debt that reoccurs on the debt obligations of the Government of Ukraine.
Article 3. Debt of the Government of Ukraine to the Ukrainian government debt owned by the issued them securities, other obligations in cash, guaranteed by the Government of Ukraine, and also received him loans.
The composition of the debt obligations of the Government of Ukraine also included part of the debt obligations of the Government of the former USSR, adopted themselves.
Article 4. Types and forms of State internal debt debt the Government can have a short-term-up to 1 year, intermediate-term-from 1 to 5 years and long-term-5 or more years duration.
Debt the Government Act in the form of bonds of internal state loan and Treasury.
In some cases, there may be other forms of government debt. The nature and conditions of such obligations in each case determined by the Ukrainian Government in consultation with the National Bank of Ukraine.
Article 5. The conditions and procedure for the issue of Government securities and regulating their circulation Conditions and procedure for the issue of Government securities and their circulation is determined according to the law of Ukraine "on securities and stock exchange" (1201-12).
Article 6. Public domestic debt of Ukraine public domestic debt of Ukraine is carried out by the Ministry of Finance of Ukraine in accordance with the procedure agreed upon with the National Bank of Ukraine.
The placement of debt obligations of the Government of Ukraine and the provision of guarantees on behalf of the Government of Ukraine are carried out on his behalf by the Ministry of Finance of Ukraine.

(The third part of article 6 on the basis of Law N IV-2505 (2505-15) from 25.03.2005) Counting Chamber exercises control over the formation and the repayment of the State's internal debt. (Article 6 supplemented by part 4 of the law N 1746-III (1746-14) of 18.05.2000) Article 7. Maintenance of the internal state debt Service the State domestic debt of Ukraine is carried out by the Ministry of finance through the banking system of Ukraine by conducting operations on placement of bonds of internal state loan, other securities, their responsible and paid income on them in the form of interest and in another form.
Article 8. Fund maintenance of the State's internal debt to finance spending by placing, refinancing, payment of income and responsible debt obligations of the Government of Ukraine as part of the State budget of Ukraine created a Fund for the maintenance of the State's internal debt. To this Fund are funds in the amount of 50 percent, resulting from the privatization of property of State enterprises.
Article 9. Publication of data on the State of internal debt of Ukraine Ministry of Finance annually publishes in a public release information about the status of the State's internal debt.

President of Ukraine Leonid KRAVCHUK, Kyiv, September 16, 1992 N 2604-XII