RESOLUTION OF THE PRESIDENT OF TURKMENISTAN

of April 6, 1999 No. 4143

About creation of the State fund of development of Ashgabat

For the purpose of complex development of Ashgabat I decide:

1. Create the State fund of development of Ashgabat and form Council of Fund.

2. Approve enclosed:

structure of Council of the State fund of development of Ashgabat;

Regulations on the State fund of development of Ashgabat.

3. Determine that all means of the State fund of development of Ashgabat are created and used in strict accordance with Regulations on Fonda.

4. And finance of Turkmenistan to open for the Ministry of Economics currency and manatny special accounts of the State fund of development of Ashgabat in treasurer department.

5. To provide to the Ministry of Justice of Turkmenistan to the Cabinet of Ministers of Turkmenistan offers on entering into the existing legal acts of Turkmenistan of the changes following from this resolution.

Approved by the resolution of the President of Turkmenistan of April 6, 1999, No. 4143

Structure of Council of the State fund of development of Ashgabat

Saparmurat is the President of Turkmenistan Turkmenbashi (the chairman Fonda)

Redzhepov B - Vice-chairman of the Cabinet of Ministers of Turkmenistan, hyaky Ashgabat (chief executive Fondazamestitel of the chairman of Fund)

Kandymov S - Vice-chairman of the Cabinet of Ministers of Turkmenistan, Chairman of the board of the Central bank of Turkmenistan.

Approved by the resolution of the President of Turkmenistan of April 6, 1999 No. 4143

Regulations on the State fund of development of Ashgabat

1. This Provision establishes procedure for forming and use of means of the State fund of development of Ashgabat (the Fund is referred to as).

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