LAW OF THE REPUBLIC OF MOLDOVA

of September 13, 2024 No. 240

About some measures of support of farmers in connection with drought of 2024

The Parliament adopts this organic law.

Art. 1. – This law establishes some temporary measures of support of farmers for the purpose of overcoming effects of soil and atmospheric drought of 2024.

Art. 2. – For the purposes of this law the following concepts are determined:

the creditor – bank according to the definition given in the Law on activities of banks No. 202/2017, and also the bank department of other state performing activities in the territory of the Republic of Moldova; non-bank credit institution according to the definition given in the Law on non-bank credit institutions No. 1/2018; savings and loan association according to the definition given in the Law on savings and loan associations No. 139/2007; supplier of means of agricultural production; State Tax Administration;

the debtor – the farmer according to the definition given in the Law on subsidizing of agricultural industry in the rural zone No. 71/2023, signed with creditors credit agreements, loan agreements, leasing, and also purchase and sale agreements of means of agricultural production or having the tax arrears or penalty fee.

Art. 3. – Operation of this law extends to the debtor who corresponds in total to the following conditions:

a) he received credits/loans, property in the leasing or means used for agricultural activities based on agreements or supplementary agreements signed from September 1, 2022 to September 1, 2024;

b) as a result of soil and atmospheric drought of 2024 at least 40 percent of the crops which are grown up by it are damaged and the area of the damaged processed site constitutes at least 40 percent.

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