LAW OF THE AZERBAIJAN REPUBLIC

of October 17, 2014 No. 1081-IVQD

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

Being guided by Items 10 and 15 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; 2013, No. 3, Article 215; 2014, No. 2, Article 82) to make the following changes:

1. Under Article 2:

1.1. add part 2 with the first offer of the following content:

"Structures which are financed from the government budget of the Azerbaijan Republic and which list is established by relevant organ of the executive authority can issue grants to legal entities and physical persons of the Azerbaijan Republic according to fields of activity.";

1.2. to exclude the words "having according to the charter main objective of the activities charity or fund raising for implementation of projects and programs which can be grant subject, not pursuing revenue generating purposes" from part 4;

1.3. in part 5 of the word "other foreign legal entities, and equally foreign physical persons who are not pursuing revenue generating purposes" shall be replaced with words "the branches and representations of foreign legal entities accepted on state registration in the Azerbaijan Republic (branches or representative offices of non-governmental organizations of the foreign states which signed the agreement provided by the Law of the Azerbaijan Republic "About non-governmental organizations (public associations and funds)") after receipt of the right to issue of grants in the territory of the Azerbaijan Republic" and to add with the second offer of the following content:

"Receipt of the right to issue of grant requires the conclusion of relevant organ of the executive authority about financial and economic feasibility of grant.";

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