Law of Ukraine

"On Amendments to the Budget Code of Ukraine Relating to Inclusion of Lease Payments for Water Bodies in Local Budgets"

Date of entry into force:
January 1, 2015

Article 66 of the Budget Code of Ukraine determines the revenue composition of the budget of the Autonomous Republic of Crimea, regional and district budgets, which are included in the calculation of inter-budgetary transfers.

The law amends Article 66, part 1 of the Budget Code of Ukraine to exclude paragraph 15, according to which, payment for leased ponds located in the basins of rivers of national importance is included in the revenues of the budget of the Autonomous Republic of Crimea, regional and district budgets that are included in the calculation of inter-budgetary transfers, in order to ensure implementation of joint socioeconomic and cultural programs of the Autonomous Republic of Crimea and territorial communities.

Revenues of local budgets not included in the calculation of inter-budgetary transfers are determined by Article 69 of the Budget Code of Ukraine.

The Law presents a new version of Article 69, part 1, paragraph 15 of the Budget Code of Ukraine, according to which revenues of the general fund of local budgets not included in the calculation of inter-budgetary transfers, shall include lease payment for water bodies (parts thereof) leased out by the Council of Ministers of the Republic of Crimea, regional and district state administration, the Kyiv and Sevastopol city state administration, or local councils, which is transferred to the budget of the Autonomous Republic of Crimea, regional and district budgets, or budgets of local self-government, respectively.
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