THE ORDER OF THE DEPUTY PRIME MINISTER OF THE REPUBLIC OF KAZAKHSTAN - THE MINISTER OF AGRICULTURE OF THE REPUBLIC OF KAZAKHSTAN

of February 1, 2017 No. 49

About modification and amendments in the order of the Minister of Agriculture of the Republic of Kazakhstan of May 5, 2016 No. 205 "About approval of Rules of subsidizing of interest rate for credit and leasing obligations within the direction on financial improvement of subjects of agro-industrial complex"

I ORDER:

1. Bring in the order of the Minister of Agriculture of the Republic of Kazakhstan of May 5, 2016 No. 205 "About approval of Rules of subsidizing of interest rate for credit and leasing obligations within the direction on financial improvement of subjects of agro-industrial complex" (No. registered in the Register of state registration of regulatory legal acts 13876, published on July 27, 2016 in information system of law of Ad_let) the following changes and amendments:

in Rules of subsidizing of interest rate for credit and leasing obligations within the direction on financial improvement of the subjects of agro-industrial complex approved by the specified order:

be reworded as follows Item 2:

"1) credit and leasing obligations – obligations of the borrower concerning which application of measures of financial improvement within these rules, arisen before financial institutions in connection with receipt of credit/leasing on replenishment turnover, acquisition of fixed assets and construction is possible, and also on refinancing of the debt which arose in connection with receipt of credit/leasing on the above-stated purposes;

2) creditor obligations – the obligations of the borrower which arose before other business entities in connection with replenishment turnover, acquisition of fixed assets, obtaining in leasing of the agricultural and special machinery, processing equipment, and also refinancing of obligations to other creditors;

3) creditor committee – the commission created of representatives of financial institutes creditors with possibility of inclusion of the representative of the relevant industry association for each certain borrower;

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