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There have been approved the rules of granting state guaranties on bond loans attracted to implementation of investment projects


There have been approved the rules of granting state guaranties on bond loans attracted to implementation of investment projects
2010-03-26 07:00

NEWS OF THE FEDERAL LEGISLATION

There have been approved the rules of granting state guaranties on bond loans attracted to implementation of investment projects

Since March 27, 2010, the Decree of the RF Government N 128 of March 5, 2010 (document is in Russian) is putted into effect, which has approved the Rules for granting of state guarantees of the Russian Federation in currency of the Russian Federation on bond loans attracted by legal entities for implementation of investment projects in 2010. Guarantees shall be granted on bond loans attracted by legal entities for the period from 4 up to 20 years for financing of investment projects in accordance with the list determined by the Direction of the Russian Federation Government N 240-r of February 27, 2010 (document is in Russian). Guarantees shall be granted for the sum not more than 50 percent of cost of implementing investment projects but not less than 1 bln.rubles. The decision about granting of the guarantees shall be made by the Decree of the Russian Federation. Execution of the guarantee may begun not earlier than January 1, 2014.


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