Meeting with the President on the Capital Investment Fund law-in-draft

The PMR President Vadim Krasnoselsky held a meeting today. New law on the Capital Investment Fund, which is now under consideration by the Supreme Council, was discussed. Chairman of the Supreme Council Alexander Korshunov, head of the Committee on Economic Policy, Budget and Finance Viktor Guzun, his deputy Vadim Kravchuk and Chairman of the Committee on Agroindustrial Complex Oleg Leontiev attended the discussion.

The draft of the new law "On the Capital Investment Fund" was developed by a group of deputies. The document was adopted on the 5th of July in the first reading in the course of the plenary session of the Parliament. As the PMR President noted during the meeting, the development of a legal framework that will regulate the work of the Capital Investment Fund, the mechanism for its implementation is all necessary. The adoption of the document in the first reading was an important step in this direction. The law-in-draft is currently being prepared for consideration in the second reading. The relevant parliamentary Committee on Economic Policy, Budget and Finance receives amendments. Heads of state administrations, chairmen and deputies of city district councils and heads of executive authorities together with the developers of the legislative initiative discussed them during a meeting with the President.

Vadim Krasnoselsky recalled in the course of the working conversation that the program was originally in 2018 and intended to support local authorities in putting social infrastructure in order. There should not be a substitution of the concept, the President emphasized. Vadim Krasnoselsky considers that leaving for the greatest centralization of management is inexpedient. Leveling the role of local authorities is unacceptable. Functions, rights and obligations must be preserved.  

The parties discussed in the course of the meeting, how exactly the law on the Capital Investment Fund would be implemented in practice. Directions which in the opinion of the participants in the discussion should be further studied and discussed in the format of workshops or an exchange of views were voiced.

It was planned that the draft of the new law "On the Capital Investment Fund" would be adopted in the final reading during the spring session. The PMR President considers that it is premature to submit the law-in-draft to the plenary session for adoption in the second final reading. A working group will be set up in the near future to continue finalizing the legislation. All interested parties will be invited to participate.

According to the press service of the PMR President