Provision of subsidies out of the regional budget to agricultural commodity manufacturers operating on the territory of the Samara Region to recover a part of the interest rate on investment loans
Subsidies are provided to recover the costs incurred for payment of interest under investment loans (except for the costs earlier recovered out of the regional budget pursuant to the applicable legislation) received from the Russian credit institutions (hereinafter referred to as the “credit institutions”) for an up to eight-year term (hereinafter referred to as the “loans”) to:
- agricultural commodity manufacturers acknowledged as such pursuant to part 1 and clauses 2, 3 part 2 article 3 of Federal Law On Agricultural Development, operating on the territory of the Samara Region (hereinafter referred to as the “agricultural commodity manufacturers”);
- consumer cooperative enterprises acknowledged as such pursuant to paragraph 8 article 1 of Federal Law of the Russian Federation On Consumer Cooperatives (Consumer Societies and their Communities) in the Russian Federation (hereinafter referred to as the “consumer cooperative enterprises”);
- companies of the agro-industrial complex.
No subsidies are provided to state (municipal) institutions or agricultural commodity manufacturers:
- to recover the costs incurred for payment of interest accrued and paid due to the violation of obligations on principal loan amount repayment and payment of interest accrued under a credit (loan) agreement;
- having overdue on publicly funded loan repayment (principal loan amount) provided from the regional budget;
- undergoing a liquidation procedure or duly declared bankrupt, and with initiated bankruptcy proceedings;
- having outstanding liability on payment of taxes, duties, levies, fines, interest (except for the interest for using a publicly funded loan provided out of the regional budget) subject to payment pursuant to the legislation of the Russian Federation on taxes and duties;
- having overdue on any mandatory payments to the state non-budget funds of the Russian Federation.