RESOLUTION OF THE PRESIDENT OF TURKMENISTAN

of January 9, 1997 No. 2959

About approval of the Procedure for relations of the State fund of development of transport and communication of Turkmenistan with the ministries and departments entering into Fund and the Government budget of Turkmenistan

Due to the creation of the State fund of development of transport and communication of Turkmenistan and for the purpose of optimum accumulating and distribution of financial resources in the priority directions of development programs of these industries I decide:

Approve the enclosed Procedure for relations of the State fund of development of transport and communication of Turkmenistan with the ministries and departments entering into Fund and the Government budget of Turkmenistan.

Approved by the resolution of the President of Turkmenistan of January 9, 1997, No. 2959

Procedure for relations of the State fund of development of transport and communication of Turkmenistan with the ministries and departments entering into Fund and the Government budget of Turkmenistan

1. All revenue from cumulative (manatny and currency) the income of the companies of industries of transport and communication from all types of activity, charges for entrance and following transit in the territory of Turkmenistan, income gained from promotional fees, share issue, voluntary contributions of the companies, public organizations, citizens, foreign legal entities and physical persons goes to the State fund of development of transport and communication of Turkmenistan (the Fund is referred to as).

2. Taxpayers and obligatory payments in the Government budget of Turkmenistan are the ministries and departments entering into Fund, and their divisions on places.

Taxes and obligatory payments in the budget are made in accordance with the established procedure according to the current legislation of Turkmenistan.

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