ORDER OF THE GOVERNMENT OF THE RUSSIAN FEDERATION

of December 26, 2018 No. 1683

About standard rates of financial stability of activities of the builder

According to article 23 of the Federal law "About Participation in Shared-equity Construction of Apartment Houses and Other Real Estate Objects and about Modification of Some Legal Acts of the Russian Federation" Government of the Russian Federation decides:

1. Approve the enclosed Regulations on standard rates of financial stability of activities of the builder.

2. Establish the following standard rates of financial stability of activities of the builder:

a) got the construction license till July 1, 2018:

the standard rate of security of obligations - at least 1;

the standard rate of target use of means - no more than 1;

b) got the construction license after July 1, 2018:

the standard rate of security of obligations - at least 1;

the standard rate of target use of means - no more than 1;

the standard rate of the size of own means of the builder - at least 10 percent of the planned construction cost (creation) of apartment houses and (or) other real estate objects specified in the project declaration according to Item 10 of part 1 of article 21 of the Federal law "About Participation in Shared-equity Construction of Apartment Houses and Other Real Estate Objects and about Modification of Some Legal Acts of the Russian Federation".

3. According to part 4 of article 15.4 of the Federal law "About Participation in Shared-equity Construction of Apartment Houses and Other Real Estate Objects and about Modification of Some Legal Acts of the Russian Federation" this resolution is not applied to the builders who signed the agreement of participation in shared-equity construction taking into account features, stipulated in Article 15.4 specified the Federal Law.

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