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PRESIDENTIAL DECREE OF THE REPUBLIC OF BELARUS

of August 7, 2012 No. 357

About procedure for forming and use of means of innovative funds

(as amended on 11-02-2021)

For the purpose of creation of additional terms for financial support of innovative development of the Republic of Belarus I decide:

1. Approve the enclosed Regulations on procedure for forming and use of means of innovative funds.

2. Determine that:

2.1. since January 1, 2016 as a part of the republican budget the republican centralized innovative fund, as a part of local budgets - local innovative funds is created.

The republican centralized innovative fund and local innovative funds are the state trust budget funds;

2.2. return of the means provided from innovative funds on returnable basis till January 1, 2013 and also interest payment for use of them are performed into accounts of head departments of the Ministry of Finance on areas and Minsk with the subsequent transfer of these means in republican centralized innovative fund and the relevant local innovative funds, and percent and penalty fee added for untimely return of these means are enlisted in the income republican and local budgets;

2.3. payments in innovative funds, except for the innovative funds specified in the parts two of this subitem, and debt on these payments added in the procedure established by the legislation for 2012 both previous years and which are subject to payment in 2013 and the next years arrive in the income of republican centralized innovative fund and the income of the relevant local innovative funds.

Payments in the innovative funds of public associations "Belarusian society of deafs" and "The Belarusian partnership of visually impaired persons" and debt on these payments added in the procedure established by the legislation for 2012 and subjects to payment in 2013 go into the disposal of these public associations and are used on the purposes for which achievement these funds were created;

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