LAW OF UKRAINE

of March 23, 2017 No. 1981-VIII

About introduction of amendments to the Law of Ukraine "About investing activities" rather state investment projects

The Verkhovna Rada of Ukraine decides:

I. Introduce in the Law of Ukraine "About investing activities" (Sheets of the Verkhovna Rada of Ukraine, 1991, No. 47, Art. 646 with subsequent changes) the following changes:

1. In Article 1:

Shall be replaced with words 1) in part one of the word "or the social effect is reached" "and/or the social and ecological effect is reached";

Part third to state 2) in the following edition:

"The investments directed to creation (acquisition), reconstruction, technical retrofitting of fixed assets which expected useful life exceeds one year are performed in the form of capital investments".

2. In Article 2:

Part the second to state 1) in the following edition:

"2. The investing activities are performed on basis:

investment which is performed by citizens, the non-state companies, economic associations, the unions and societies, and also the public and religious organizations, other legal entities based on ownership in common;

the state investment which is performed by public authorities at the expense of means of the government budget, borrowed funds, and also the state companies and organizations at the expense of own and borrowed funds;

local investment which is performed by local government bodies at the expense of means of local budgets, borrowed funds, and also the utility companies and organizations at the expense of own and borrowed funds;

the state support for implementation of investment projects;

the foreign investment performed by foreign states, legal entities and citizens of foreign states;

the joint investment performed by legal entities and citizens of Ukraine, legal entities and citizens of foreign states";

2) in part three:

paragraphs two and third to state in the following edition:

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