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Presidential Decree No. 5095 “On the establishment of a Special Fund for financing of public purchase of agricultural commodities and supply of equipment to agriculture”.

Country/Territory
Uzbekistan
Document type
Legislation
Date
2017 (2019)
Source
FAO, FAOLEX
Subject
Agricultural & rural development, Cultivated plants
Keyword
Agricultural development Crops/grasses Agricultural commodities Equipment Special fund Financial agricultural measures Textile plants/fibres
Geographical area
Aral Sea, Asia, Asia and the Pacific, Central Asia, CIS (Commonwealth of Independent States), Europe and Central Asia, Landlocked Developing Nations, North Asia
Entry into force notes
This Presidential Decree enters into force on the date of its official publication.
Abstract

The President, in order to ensure stable development of agricultural sector, increase of agricultural production, crop yields, formation of the unified system of financing agricultural production for public procurement, as well as radical renewal of agricultural machinery and equipment and supply thereof to the agricultural producers, decrees to set up a Special Fund for financing of public purchase of agricultural commodities and supply of equipment to agriculture subordinated to the Cabinet of Ministers. The Fund shall perform the following tasks: (a) timely financing of settlements for the cotton and grain crops grown for public procurement; (b) allocation, on a returnable basis, of a loan to stimulate the supply on preferential leasing terms of modern high-performance agricultural machinery to farmers and other agricultural organizations involved in the cultivation of agricultural crops for public procurement; (c) ensuring systemic control over the correct and effective use of funds allocated for specific purpose; (d) coordination of the activities of all the units involved in the financing system that provide settlements for the purchased products - the Ministry of Finance, banks, procurement, servicing, leasing organizations, suppliers, and agricultural producers; (e) financing of implementation and further improvement of the settlement system based on the use of modern information and computer technologies; (f) studying of the experience of developing and developed countries in financing the agricultural sector with a view to subsequent introduction of positive results at the national level. The Fund shall be exempted from paying all types of taxes, except corporate income tax at the source of payment.

Full text
Russian
Website
lex.uz

References - Legislation

Repeals

Presidential Decree No. UP-2165 setting up Special fund for payment for agricultural commodities purchased for public needs.

Legislation | Uzbekistan | 1998

Keyword: Agricultural commodities, Cereals/grains/rice, Food security, Special fund

Source: FAO, FAOLEX

Implemented by

Presidential Resolution No. PP-3096 “On the organization of special Fund for financing of public purchase of agricultural commodities and supply of equipment to agriculture.

Legislation | Uzbekistan | 2017

Keyword: Agricultural development, Crops/grasses, Agricultural commodities, Equipment, Special fund, Financial agricultural measures, Textile plants/fibres

Source: FAO, FAOLEX