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Daily Monitoring of the Legislation

Monitoring of the Federal Legislation dated 16.03.2006

Decision of the Government of the Russian Federation No. 133 of March 14, 2006 on the Procedure of Assigning and Activities of Representatives of the State in the Management Committees Created under Product Sharing Agreements <br>

Specifies the procedure of assigning representatives of the state in the management committees created for coordination of activities to carry out the works envisaged in product sharing agreements, their authority, as well as the procedure of preparation and adoption of decisions by them on behalf of the state.

Representatives of the state shall be assigned by the Government of the Russian Federation at the presentation of the Ministry of the Industry and Power Supplies of Russia out of state civil servants of the Russian Federation and its subjects. The interested federal bodies of executive power and the bodies of executive power of the subjects of the Russian Federation shall send to the Ministry of the Industry and Power Supplies of Russia proposals on the candidates to be included in the management committee with attached information on the candidate.

Representatives of the state shall form a consolidated opinion on the issues of the agenda of the session of the management committee requiring a decision, as well as on issues of other authority of the members of the management committee. They implement their authority on the basis of the written directives formed by the Ministry of the Industry and Power Supplies of Russia on the basis of proposals of representatives of the state and interested federal bodies of executive power.

The Ministry of the Industry and Power Supplies of Russia is ordered to submit to the Government of the Russian Federation on the annual basis a report of activities of the representatives in the management committees.

Order of the Ministry of Education and Science of the Russian Federation No. 44 of March 2, 2006 on the Endorsement of the Procedure and Criteria of Contest Selection of Institutions of Higher Professional Education Introducing Innovative Educational Programs <br>

Defines the procedure of carrying out and criteria of contest selection of institutions of higher professional education introducing innovative educational programs. The contest selection is arranged to provide state support to higher educational institutions by granting subsidies in the amount indicated in the contest announcement. The contest is an open one.

The winners of the contest shall be selected using the criteria of: quality and results of the presented innovative educational program of the higher educational institution; existing innovative potential of the higher educational institution.

The subsidies shall be allocated by the Federal Agency of Education to purchase laboratory equipment, develop and purchase software and methodology materials, modernise the material and technical base, improve qualification and professional training of the scientific, pedagogical and other personnel of the higher educational institution.

Registered in the Ministry of Justice of the Russian Federation on March 10, 2006. Reg. No. 7580.

Order of the Ministry of Finance of the Russian Federation and the Federal Treasury No. 36n/4n of March 3, 2006 on the Application of the Procedure of Opening and Keeping of the Personal Accounts for Operations with Resources from Entrepreneurial and Other Profitable Activities of Recipients of Resources of the Federal Budget <br>

Before adoption of appropriate normative legal acts of the Ministry of Finance of Russia and the Federal Treasury, one should be guided by the procedure of opening and keeping of the personal accounts for operations with resources from entrepreneurial and other profitable activities of recipients of resources of the federal budget endorsed by the Order of the Ministry of Finance of Russia No. 46n of June 21, 2001.

The Federal Treasury and the Department of the Budget Policy of the Ministry of Finance of Russia is ordered to work out appropriate draft normative legal acts before December 31, 2006.

Registered in the Ministry of Justice of the Russian Federation on March 7, 2006. Reg. No. 7577.

Order of the Central Bank of Russia No. OD-107 of March 7, 2006 on the Amendments to the Order of the Bank of Russia No. OD-682 of September 22, 2004 on the Estimate of the Cost of the Backing for the Credits of the Bank of Russia and on the Adjustment Coefficients of the Bank of Russia <br>

To use as a backing for the credits of the Bank of Russia the bonds of the state currency loan of 1999 issued under the Decision of the Government of the Russian Federation No. 1306 of November 29, 1999 on the notation of the bonds of series III internal state currency loan, specifies the procedure of estimation of the market cost of the mentioned securities.

According to the amendments, their cost is estimated the same way as the cost of the bonds of external loans of the Russian Federation. i.e. proceeding from the mean weighted price of the appropriate valuable paper calculated and published by the stock exchange at the end of the selling day preceding the day of the estimate of the market cost. If there were no appropriate transactions on the selling day preceding the day of the estimate of the market cost of the valuable paper, the market cost is calculated from information on the price of the valuable paper (MIRP) formed by the national stock exchange association (self-regulating non-commercial organisation) as a result of the previous day and published in the information system Bloomberg NSMA.

10 days after the day of publication of the Order in the Herald of the Bank of Russia, new adjustment coefficients will be used to correct the market price of securities accepted as a backing for the credits of the Bank of Russia. For the bonds of the state currency loan of 1999 with the state registration number of issue -00-139 (ISIN RU0001087983) - in the amount of 0.9; for the bonds of the Foreign Trade Bank with the state registration number of issue 40401000B and the bonds of the OAO Russian Railways with the state registration numbers of issues 4-04-65045-D, 4-06-65045-D and 4-07-65045-D - in the amount of 0.75.

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