Monitoring of the Federal Legislation dated 17.02.2004

Decision of the Government of the Russian Federation No. 83 of February 14, 2004 on the Endorsement of the Rules of Providing Budget Loans from the Federal Budget to the Subjects of the Russian Federation to Cover Temporary Cash Deficits

The temporary cash deficit emerging in the execution of the consolidated budget of the subject of the Russian Federation is defined as under-received in a certain period of the fiscal year incomes to implement the expenses envisaged in the budget of the subject of the Russian Federation taking into account the sources of financing of the budget deficit. If such deficit is available or forecasted, the body of executive power of the subject of the Russian Federation may apply to the Ministry of Finance of Russian Federation to get the budget loan. Budget loans are provided for not more than 6 months within the fiscal year. The budget loan is not provided to the subject of the Russian Federation with an overdue debt in the earlier obtained budget loans.

Decision of the Government of the Russian Federation No. 82 of February 14, 2004 on the Procedure and Terms of Financing in 2004 of Preventive Measures Aimed at Reduction of Industrial Injuries and Occupational Diseases of Employees

Defines the procedure and terms of partial financing in 2004 of preventive measures aimed at reduction of industrial injuries and occupational diseases of insurant employees including the financing of periodic medical examinations and preventive treatment, in particular, sanatoria and resort treatment of employees engaged in works with adverse and hazardous factors. The list of preventive measures is endorsed by the Ministry of Labour of Russia in coordination with the Social Insurance Fund of Russia and serves as grounds for the working out of the plan of insurant preventive measures.
The amount of resources allocated by the insurant for the partial financing of preventive measures may not be greater than 20% of the amounts of insurance contributions transferred by this insurant to the Social Insurance Fund of Russia during the year 2003. Decision on the partial financing or refusal of it is taken by the Social Insurance Fund of Russia within 15 days from the day of submission of the application by the insurant. Applications are accepted before July 1, 2004.

Decision of the Government of the Russian Federation No. 80 of February 14, 2004 on the Measures to Implement the Federal Law on the Federal Budget for the Year 2004

To implement the Federal Law on the federal budget for the year 2004, distributes the duties and issues orders to the federal bodies of executive power. Execution of the federal budget is implemented according to the summary budget list of the federal budget for the year 2004. Any amendments to the budget list inspiring creditor indebtedness reducing expenses is not permitted.
The recipient of the resources of the federal budget, when concluding contracts for supplies of commodities, works, services to be covered at the expense of the resources of the federal budget, may envisage advance payments. The contracts for communication services, subscription for printed matter, study at professional development courses, purchase of air and railway tickets, tickets for the urban and suburban transportation, as well as accommodations for sanatoria and resort treatment, may envisage advance payments in the amount of 100% or 30% for other contracts.
For the year 2004, there is a limit for provided tax credits, respites, extension schedules for the payment of federal taxes and fees fixed in the amount not greater than Rbl 750 million. The Decision lists the acts of the Government of the Russian Federation prolonged for the year 2004 pursuant to the adoption of the Law on the federal budget for the year 2004. In particular, prolongs the rules of paying out in 2003 to individual categories of citizens of preliminary compensation (compensation) for the deposits in the Savings Bank of the Russian Federation and some insurance organisations being guaranteed savings.

Decision of the Government of the Russian Federation No. 77 of February 13, 2004 on the Endorsement of the Typical Insurance Rules of a Non-State Pension Fund Engaged in Activities in Obligatory Pension Insurance

The rules define the procedure and terms of execution by a non-state pension fund of obligations under the contracts of obligatory pension insurance concluded by this fund and the insured in favour of this person or his heirs. The execution of the duties by the find implies the assigning and paying out to the insured of the accumulated part of the labour pension, paying out of accumulated pension to the heirs of the insured, handing over of accumulated pensions to another insurer. The Decision specifies that the fund secures its liabilities with all the property owned by it.

Direction of the Central Bank of Russia No. 1377-U of January 16, 2004 on the Invalidation of Individual Normative Acts of the Bank of Russia

Pursuant to the adoption of the Directions of the Bank of Russia No. 1375-U and No. 1376-U of January 16, 2004 specifying the rules of drawing up and submission of reports by credit organisations to the Bank of Russia, as well as the list, forms and procedure of submission of these reports, invalidates individual normative acts of the Bank of Russia. In particular, invalidates the Direction of the Bank of Russia No. 7-U of October 24, 1997 on the procedure of drawing up and submission of reports by credit organisations to the Central Bank of the Russian Federation.
The Direction is entered into force from April 1, 2004 and must be published officially in the Herald of the Bank of Russia.