of November 1, 2016 No. ZR-161
About entering of amendments and changes into the Code of the Republic of Armenia about subsoil
Accepted on October 18, 2016
Article 1. Of November 28, 2011 (further – the Code) after the word managements and conversions of waste of subsurface use" "are regulated" to add part 1 of article 1 of the Code of the Republic of Armenia about subsoil with words ".
Article 2. Regarding 1 article 3 of the Code:
Item 3 after the word "subsurface use" to add 1) with the words "or conversions of waste of subsurface use",
Item 7 after words of "getting of minerals" to add 2) with the words "and (or) conversions of waste of subsurface use",
Item 13 to state 3) in the following edition:
"13) dump of industrial wastes – the subsurface use waste (including, tails) which appeared as a result of research, gettings or conversions of minerals located on the land surface or in mountain hollows,"
To add 4) with Items 28.1-28.4 of the following content:
"28. 1) fund of environmental protection – the amounts allocated with subsoil users for the off-budget account opened in the Central Treasury addressed to authorized body who are directed to realization of the purposes, stipulated in Article 61 of this Code
28. 2) financial guarantee – the guarantee provided by management plans waste of subsurface use and conversion of waste of subsurface use, for the purpose of ensuring compensation of shortcomings or the caused damages as a result of operation, closing of objects of waste of subsurface use and objects for conversion of waste of subsurface use, implementation of the actions provided by the law after closing, conversion, use or neutralization of waste, and also the specified actions, this by the legal entities satisfying the criteria established by the Government of the Republic of Armenia, and represented to the state authorized body of management in the field of environmental protection, in connection with use of subsoil,
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