LAW OF THE AZERBAIJAN REPUBLIC

of December 17, 2013 No. 852-IVQD

About introduction of amendments to the Law of the Azerbaijan Republic "About grant"

Being guided by Item 10 of part I of article 94 of the Constitution of the Azerbaijan Republic, Millie decides Majlis of the Azerbaijan Republic:

In the Law of the Azerbaijan Republic "About grant" (Collection of the legislation of the Azerbaijan Republic, 1998, No. 6, Article 366; 2001, No. 12, Article 736; 2002, No. 12, Article 706; 2003, No. 1, Article 1; 2009, No. 8, Article 611) to make the following changes:

1. In the Law preamble after the word of "grants" to add with words "(including subgrants, amendment to grant, and also, except for the donations, relief aids which are drawn up in other form for the purposes specified in the first part of article 1 of this Law)";

2. To state the fourth part of Article 4 in the following edition:

"4. Donors, being legal entity or physical person of the Azerbaijan Republic, and also branch or representation of the legal entity of the Azerbaijan Republic, represent agreements (decisions) on issue of grants to foreign recipients to relevant organ of the executive authority for registration. Recipients of the Azerbaijan Republic represent agreements (decisions) on the grants received by them to relevant organ of the executive authority for registration. The relevant information on the grant issued at the expense of the government budget is represented the donor to the body registering the agreement (decision) on grant.".

3. Add Article 4 with part of 4-1 following content:

"4-1. The requirements specified in this Article in connection with registration of agreements (decisions) on grant extend also to cases of change of additional agreements under the agreement (decision) on grant, and also term, the purpose, the amount of agreements (decisions).".

4. In the first offer of the fifth part of Article 4 of the word "transactions... be carried out" shall be replaced with words "banking activities and any other transactions... be carried out".

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