ORDER OF THE GOVERNMENT OF THE REPUBLIC OF KAZAKHSTAN

of February 27, 2004 No. 236

About approval of Rules of financing of leasing of the equipment for the companies for conversion of agricultural products

According to the Law of the Republic of Kazakhstan of December 5, 2003 "About the republican budget for 2004", for the purpose of the state support of the companies for conversion of agricultural products the Government of the Republic of Kazakhstan decides:

1. Approve the enclosed Rules of financing of leasing of the equipment for the companies for conversion of agricultural products.

2. This resolution becomes effective from the date of official publication.

Approved by the order of the Government of the Republic of Kazakhstan of February 27, 2004 No. 236

Rules of financing of leasing of the equipment for the companies for conversion of agricultural products

1. General provisions

1 These rules determine procedure and conditions of loan granting (further - Means) at the expense of the means provided in the republican budget for 2004 according to the program 012 "Financing of leasing of the equipment for the companies for conversion of agricultural products" in the amount of 675 000 000 (six hundred seventy five million) tenges.

2. Procedure for financing of leasing of the equipment for the companies for conversion of agricultural products

2. Funds are allocated from the republican budget according to the procedure, established by the legislation on the terms of urgency, the paid nature, security and recoverability for the term of 7 (seven) years at the rate of remuneration of 0,5 of % per annum.

For assignment the Ministry of Agriculture of the Republic of Kazakhstan (further - the Administrator of the program) holds competition among the banks of the second level or the organizations having licenses of authorized body for implementation of separate types of banking activities (further - the Borrower), on the following subindustries (lots):

1) milk conversion;

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