Lecture notes, cheat sheets
Budget law. Public debt of a constituent entity of the Russian Federation (the most important) Directory / Lecture notes, cheat sheets Table of contents (expand) 17. Public debt of the subject of the Russian Federation According to the provisions enshrined in Art. 99 BK RF, public debt of a constituent entity of the Russian Federation - this is a set of debt obligations of a constituent entity of the Russian Federation. The public debt of a constituent entity of the Russian Federation is fully and unconditionally secured by all property owned by the constituent entity of the Russian Federation that makes up the treasury of the constituent entity of the Russian Federation (clause 2 of Article 99 of the Budget Code of the Russian Federation). Forms of public debt of a constituent entity of the Russian Federation are generally similar to the forms of public debt of the Russian Federation: 1) credit agreements and contracts; 2) government loans of a subject of the Russian Federation, carried out by issuing their own securities; 3) contracts and agreements on the receipt by a constituent entity of the Russian Federation of budget loans from the budgets of other levels of the budgetary system of the Russian Federation; 4) agreements on the provision of state guarantees of a constituent entity of the Russian Federation; 5) agreements and contracts on behalf of a constituent entity of the Russian Federation, including international ones, on the prolongation and restructuring of debt obligations of a constituent entity of the Russian Federation of previous years (clause 3, article 99 of the RF BC). The volume of public debt of the constituent entities of the Russian Federation includes: 1) the principal nominal amount of the debt on government securities of constituent entities of the Russian Federation; 2) the amount of the principal debt on loans received by the constituent entity of the Russian Federation; 3) the amount of the principal debt on budget loans received by a constituent entity of the Russian Federation from budgets of other levels; 4) the volume of obligations under state guarantees provided by the constituent entity of the Russian Federation (clause 4, article 99 of the RF BC). The state debt of a constituent entity of the Russian Federation must be repaid within the terms determined by the conditions for granting loans. The deadline for repayment of debt obligations of a constituent entity of the Russian Federation is 30 years. The forms and types of government securities issued on behalf of a constituent entity of the Russian Federation are determined by the relevant state authorities of that constituent entity of the Russian Federation. At the same time, government securities issued on behalf of a constituent entity of the Russian Federation, the conditions for their issue and circulation by the relevant state authorities of the constituent entity of the Russian Federation must comply with the requirements of Federal Law No. 29-FZ of July 1998, 136 "On the Features of the Issue and Circulation of State and Municipal Securities" . The Budget Code of the Russian Federation obliges the representative (legislative) bodies and executive authorities of the constituent entity of the Russian Federation to use all the powers granted to them to form budget revenues of the constituent entity of the Russian Federation to pay off their debt obligations and service the debt. At the same time, the maximum amount of borrowed funds allocated to finance the budget deficit of a constituent entity of the Russian Federation should not exceed 30% of the volume of own revenues of this budget for the current financial year, excluding financial assistance from the federal budget and borrowed funds attracted in the current financial year. << Back: State debt of the Russian Federation >> Forward: Municipal debt We recommend interesting articles Section Lecture notes, cheat sheets: ▪ International economic relations. Lecture notes ▪ Theory and methodology of education. Lecture notes ▪ Civil law. A common part. Crib See other articles Section Lecture notes, cheat sheets. Read and write useful comments on this article. Latest news of science and technology, new electronics: The existence of an entropy rule for quantum entanglement has been proven
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