Article 142. Execution of state guarantee Budget Code of the Republic of Kazakhstan

Home / Codes / Article 142. Execution of state guarantee Budget Code of the Republic of Kazakhstan

Unless otherwise provided by the terms of the loan agreement, the state guarantee is subject to execution after the payment date at the request of the lender if the loan secured by the state guarantee is not repaid by the borrower in full or in part on the date of the payment deadline and within the limits of the funds provided for by the law on the republican budget.

The fulfillment of obligations under the state guarantee shall be carried out within eighteen months from the date of presentation of demands for the fulfillment of obligations under the state guarantee within the limits of funds provided for by the law on the republican budget.

Articles 154–162 of this Code shall apply to the return of funds directed towards the fulfillment of obligations under a state guarantee, loan restructuring, replacement of the debtor, limitation of actions, and termination of claims for the return of the said funds.

Funds allocated for the fulfillment of obligations under the state guarantee shall be returned to the republican budget within the period specified in the agreement on the provision of the state guarantee at the rate of remuneration established in accordance with paragraph 15 of Article 154 of this Code.

The Government of the Republic of Kazakhstan shall have the right to carry out, in accordance with the terms of the loan agreement and with the consent of the lender, early repayment of a state-guaranteed loan for a borrower declared bankrupt and (or) liquidated in accordance with the legislation of the Republic of Kazakhstan, by executing a state guarantee at the expense of funds provided for by the law on the republican budget.

The central authorized body for budget execution maintains records of borrowers on state-guaranteed loans, the costs of repayment and servicing of which are provided for by the law on the republican budget.

Code of the Republic of Kazakhstan dated March 15, 2025 № 171-VIII.

President

Republic of Kazakhstan

Constitution Law Code Standard Decree Order Decision Resolution Lawyer Almaty Lawyer Legal service Legal advice Civil Criminal Administrative cases Disputes Defense Arbitration Law Company Kazakhstan Law Firm Court Cases