of February 6, 2003 No. 1-XV
About budget reserve fund of the national social insurance
The Parliament adopts this organic law.
Art. 1. - Found budget reserve fund of the national social insurance.
Art. 2. Approve the Regulations on procedure for forming and use of means of budget reserve fund of the national social insurance provided in appendix.
Chairman of the parliament
E.Ostapchuk
Appendix
1. The regulations on procedure for forming and use of means of budget reserve fund of the national social insurance (further - provision) are developed according to the Law on the state system of social insurance No. 489-XIV of July 8, 1999.
The provision determines procedure for forming, use and accounting of means of budget reserve fund of the national social insurance.
2. The budget reserve fund of the national social insurance (further - reserve fund) is the cash fund intended for provision of benefits of social insurance in reasonable cases and for covering of other expenses of the state system of social insurance which are annually provided in the law on the budget of the national social insurance.
3. The amount of means of reserve fund is provided annually in the law on the budget of the national social insurance.
4. The reserve fund is created at the expense of the fees of the national social insurance coming to the budget of the national social insurance.
Forming of reserve fund is performed only in case of absence of debt on allowance payment of social insurance of the state system of social insurance, provided annually in the law on the budget of the national social insurance, and complete covering by the predicted income the current fiscal year of the planned expenses provided for the corresponding period.
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