RESOLUTION OF THE PRESIDENT OF THE REPUBLIC OF UZBEKISTAN

of May 16, 2006 No. PP-350

About measures for the organization of activities of Fund of reconstruction and development of the Republic of Uzbekistan

According to the Presidential decree of the Republic of Uzbekistan of May 11, 2006 No. UP-3751 "About Creation of Fund of Reconstruction and Development of the Republic of Uzbekistan" and for the purpose of ensuring effective financing of priority investment projects:

1. Determine that:

executive body and the manager of fund is the executive directorate of Fund;

as a part of executive directorate of Fund the expert group responsible for issue of recommendations about financing of the corresponding projects is formed;

the chief executive Fonda is appointed to position and dismissed by the Cabinet of Ministers of the Republic of Uzbekistan, and according to the status is equated to the deputy minister;

content of executive directorate of Fund it is performed by fund based on the expense budget approved by Council for management of Fund.

2. Approve:

the extreme number of managerial personnel of executive directorate of Fund in number of 32 units.

Regulations on Fonda of reconstruction and development of the Republic of Uzbekistan, the principles of forming and use of fund according to appendix No. 2.

3. Determine that on monthly basis are enlisted in Fund:

receipts from excess of the world price for strategic resources over the stop-out price established by decisions of the President of the Republic of Uzbekistan in case of approval of the forecast of the main macroeconomic indicators and parameters of the Government budget of the Republic of Uzbekistan;

means from realization of state-owned property to foreign investors for foreign currency over the amounts considered when forming the income of the Government budget of the Republic of Uzbekistan;

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