Article 158. Budget loans and credit lines provided (opened) to legal entities-residents

Budget code of the Republic of Uzbekistan · Date: 26.12.2013 · In force

Budget loans and credit lines can be provided (opened) to legal entities-residents based on decisions of the Cabinet of Ministers of the Republic of Uzbekistan.

Budget loans and credit lines are provided to resident legal entities at interest rates of at least 50 percent of the basic rate of the Central Bank of the Republic of Uzbekistan.

It is prohibited to provide budget loans and credit lines to resident legal entities in foreign currency.

Budget loans to budget organizations are provided directly by Ministry of finance of the Republic of Uzbekistan.

Credit lines by Ministry of finance of the Republic of Uzbekistan are opened to legal entities-residents through commercial banks servicing them, as well as directly to commercial banks.

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Source of the text

National Database of Legislation of the Republic of Uzbekistan (lex.uz). Original on lex.uz: lex.uz/docs/5535058

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Cite as: Article 158. Budget loans and credit lines provided (opened) to legal entities-residents Budget code of the Republic of Uzbekistan. neolex.uz/en/laws/law-2304140/158 (lex.uz/docs/5535058)