Regional Decree No. 51 validating the Regulation on the procedure for compensation to enterprises of bakery industry part of the cost of selling produced and sold bread and bakery products.

This Regulation establishes the procedure for compensation to enterprises of bakery industry part of the cost of selling produced and sold bread and bakery products of unstable storage (with a shelf life of less than 5 days). Compliance criteria for the applicants for subsidies shall be as follows: (a) absence of unfulfilled obligation to pay taxes, fees, insurance premiums, fines, penalties, interest payable in accordance with the legislation of the Russian Federation on taxes and fees; (b) absence of overdue debts on return to the regional budget of subsidies, budget investments provided, including those provided in accordance with other legal acts, as well as overdue (unsettled) debts to the regional authorities; (c) applicants - legal entities shall not be in the process of reorganization (with the exception of reorganization in the form of accession to legal entity, which is the applicant, of another legal entity), liquidation, no bankruptcy procedure has been introduced with regard to them, their activities have not been suspended; and applicants who are individual entrepreneurs must not terminate their activities as an individual entrepreneur; (d) the recipient is not a foreign legal entity, as well as a Russian legal entity, in the authorized (share) capital of which the share of participation of foreign legal entities, the place of registration of which is a state or territory included in the list of states or territories approved by the Ministry of Finance of the Russian Federation, providing preferential tax treatment and (or) which do not stipulate the disclosure or presentation of information related to financial transactions (offshore zones) with regard to such legal entities exceeds 50 percent in the aggregate; (e) the applicant is not a recipient of funds from the regional budget on the basis of other normative legal acts for the purposes specified in this procedure; and (f) the applicant has no overdue (unsettled) debts on monetary obligations to the regional authorities (except for cases established by the regional authorities).