ORDER OF THE GOVERNMENT OF THE REPUBLIC OF KAZAKHSTAN

of July 7, 2000 No. 1028

Questions of use of objects of utility property as mortgage providing when crediting small business entities

For the purpose of ensuring broader access of small business entities to credit resources and creation of uniform basis of use of utility property as mortgage providing obligations of small business entities the Government of the Republic of Kazakhstan DECIDES:

1. Approve the enclosed Standard rules of use of objects of utility property as mortgage providing when crediting small business entities (further - Standard rules).

2. Recommend to akims of areas, cities of Astana and Almaty:

1) to approve Rules of use of objects of utility property of the corresponding administrative and territorial units as mortgage providing when crediting small business entities based on Standard rules, having provided at the same time procedure for ensuring obligation fulfillment by small business entities on return of the credits obtained under mortgage providing with the above-named objects;

2) to perform inclusion of objects of education and health care in registers of the objects of utility property intended under mortgage providing after approval according to the Ministry of Education and Science of the Republic of Kazakhstan and the Agency of the Republic of Kazakhstan for health care.

3. To akims of areas, cities of Astana and Almaty to bring actions for implementation of regional Development programs and support of small business for 1999-2000 into compliance with this resolution.

4. This resolution becomes effective from the date of signing and is subject to publication.

Approved by the order of the Government of the Republic of Kazakhstan of July 7, 2000 No. 1028

Standard rules of use of objects of utility property as mortgage providing when crediting small business entities

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