LAW OF THE KYRGYZ REPUBLIC

of August 2, 2018 No. 78

About introduction of amendments to the Law of the Kyrgyz Republic "About education"

Article 1.

Bring in the Law of the Kyrgyz Republic "About education" the following changes:

Part 1 of Article 1 to add 1) with the paragraph the thirty fifth the following content:

"the social educational credit is the soft credit subsidized by the Government of the Kyrgyz Republic for payment of training in the educational organizations of the Kyrgyz Republic;";

Parts 2 and 3 of Article 30 to state 2) in the following edition:

"For social support of the students studying in the educational organizations initial professional, average professional, higher education and postgraduate professional education, the social educational loans can be granted.

Social educational crediting is performed with interest rate not above discount rate of National Bank of the Kyrgyz Republic with delay of the beginning of principal payments of the credit before the end of training.

The government of the Kyrgyz Republic subsidizes expenses of commercial banks in the form of difference between discount rate of National Bank of the Kyrgyz Republic and interest rates of commercial banks on the issued social educational credits.

The regulations on conditions, the sizes, procedure for provision and the priority directions of social educational crediting are developed and affirms the Government of the Kyrgyz Republic.".

Article 2.

This Law becomes effective since January 1, 2019.

To the government of the Kyrgyz Republic in six-months time to bring the decisions into accord with this Law.

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