Regional Decree No. 93-pp validating the Regulation on the procedure for granting subsidies to compensate flour producers for part of the cost of purchasing food wheat and to compensate the baking industry enterprises for part of the cost of selling produced and sold bread and bakery products.

This Regulation establishes the procedure for granting subsidies to compensate flour producers for part of the cost of purchasing food wheat and to compensate the baking industry enterprises for part of the cost of selling produced and sold bread and bakery products. It shall be applicable to wheat flour and mixed wheat-rye flour, and to fresh bread and bakery products with shelf life not exceeding 5 days. Recipients of subsidies shall be business entities and individual entrepreneurs performing processing of flour and producing fresh bread and bakery products. Subsidies shall be granted to selected enterprises and individual entrepreneurs complying with the following requirements at the date of application for subsidies: (a) the participant of the selection must not have overdue indebtedness on return to the regional budget, budget investments granted in accordance with other legal acts, and (unsettled) indebtedness to the regional authorities; (b) during the subsidized period the recipients - legal entities must not be in the process of reorganization, liquidation or bankruptcy proceedings, the activities of the recipient have not been suspended in accordance with the procedure stipulated by the legislation of the Russian Federation, and the recipients who are individual entrepreneurs have not ceased their activities as an individual entrepreneur; (c) 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; (d) participants of the selection should not receive funds from the regional budget within the program of agricultural development and regulation of agricultural markets, raw materials and food; and (e) recipients must have processing facilities.