RESOLUTION OF COUNCIL OF MINISTERS OF THE REPUBLIC OF BELARUS

of November 22, 2013 No. 1007

About requirements imposed to builders in case of shared-equity construction of objects

Based on the paragraph of third subitem 1.17 of Item 1 of article 21 of the Code of the Republic of Belarus about architectural, town-planning and construction activities the Council of Ministers of the Republic of Belarus DECIDES:

1. Approve Regulations on procedure for creation and submission of data by the builders performing shared-equity construction of residential and (or) non-residential premises in apartment or the blocked apartment houses, single-family apartment houses and (or) other real estate objects it (is applied).

2. Establish obligatory observance of the following indicators of assessment of financial stability of activities of the builder performing shared-equity construction of residential and (or) non-residential premises in apartment or the blocked apartment houses, single-family apartment houses and (or) other real estate objects (further - the builder):

the coefficient of security of obligations determined based on the accounting data on everyone to the apartment or blocked, single-family apartment house and (or) other real estate object by division of cash amount which arrived into the special accounts of builder (opened on each construction object) in accordance with the terms of agreements of creation of objects of shared-equity construction on the amount of actually made costs by construction of everyone of the apartment or blocked, single-family apartment house and (or) other real estate object. The received result shall not be more 1,5;

the norm of profitability determined according to annual accounting records as the number of years at the rate of three last years of work of the builder in the profit and loss statement for which the builder has no losses (at least 2).

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