The Cabinet of Ministers by decree on July 4, 2012 (№ 656) approved the procedure for preparation, evaluation and selection of investment programs (projects), implementation of which can be carried out by the state Regional Development Fund (hereinafter Procedure) Order and the use of state fund for regional development.

 

According to the Order the basic condition for project financing from the state fund for regional development is the availability of approved in accordance with legislation documents for the construction and reconstruction of the socio-cultural, and housing - communal and infrastructure.

 

In the lowest estimated cost of the project, which allowed funding for it at the expense of these funds: 

Prerequisite is co-financed from local budgets and other sources of projects in the cities of national, regional and district level, as well as objects belonging to the joint ownership of territorial communities of villages, towns and cities of not less than 5% of the total funds provided to finance from all sources in the current fiscal period.

 

Investment programs (projects) in the villages and towns may take place without co-financing from local budgets.

 

In the near future a regional inter-ministerial commission will be established for the assessment, competitive selection and formation of a generalized list of investment programs (projects), implementation of which will be funded at the expense of state fund for regional development in the territory autonomy, whose composition is being formed by the Ministry of Economic Development and Trade of the Autonomous Republic of Crimea.