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the Appendix 2 INSTRUCTION about an order of appointment and submission of results of examinations of investment projects of urban bonded loans financed from Financial funds



The present Instruction details sections \"Positions about selection, financing and management of realisation of the investment projects which are carried out at the expense of urban bonded loans \" and \"Positions about Expert council at Committee of municipal loans and
Equity market developments (Mosinvestekspertiza) \", concerning realisations of examinations of projects also defines:
- Order and appointment procedure of examinations;
- Format of the agreement with the expert and tasks for examination;
- Order and procedure of submission by experts of results of examination;
- Format of submission of the experts' report under the project.

Terms of direction are the is standard-circumspect document regulating activity of Expert council at Committee of municipal loans and development of equity market (Mosinvestekspertiza).

1. An order and an appointment procedure of examinations
1.1. All investment projects (demands) considered by Committee of municipal loans and development of equity market and Expert council at Committee for decision-making about conformity of the project to requests to investment projects on their design set are subject to examination.
1.2. Examination is nominated on the following set of the materials presented to Committee of municipal loans and development of equity market:
1.2.1. The complete set zajavochnyh materials:
- The demand for competition of investments from funds of urban loans (the form-1 according to \"Position about selection, financing and management of realisation of the investment projects which are carried out at the expense of urban bonded loans \";
- The passport of the Applicant (form-2);
- Founding documents of the Applicant: the enterprise Charter, the Articles of incorporation, a shareholder register (founders) on a date of application, the Certificate of registration;
- Balances sheet of the Applicant with a mark about reception by tax inspection;
- Finance results and the report on profits and losses for the last date the report and for 3 previous years (for all period of activity of the Applicant, at smaller term of official registration);
- The inquiry of tax inspection on the Applicant which contains data about a date of record in Tax inspection, an INN, the indebtedness on payments in the budget, availability of tax privileges and their contents;
- The inquiry of Office of technical inventory (in case the Applicant assumes the real estate lien in maintenance of return of investment means) which contains the information on objects of the real estate and their suitability to serve as the lien;
- The inquiry of the bank (banks), the serving Applicant which contains data on a volume of business under the account, a cash balance, credit history of the Borrower (form-4);
- The passport of the Investment project (form-3). The passport contains short basic data on the project.
1.2.2. The business plan (the investment project), made according to \"Methodical recommendations according to efficiency of investment projects and to their selection for financing \", confirmed by Gosstroy of Russia, Ministry of Economics of the Russian Federation, the Ministry of Finance of the Russian Federation, Goskomprom of Russia 31.03.94 # 7-12/47;
1.2.3. All documents of the urban organisations concerning the project documents on the property right, on the vested interest (lease) of the earth, the permission, the licence, the conclusion of town-planning bodies and municipal inspection services, decrees and normative statements of the Government of Moscow under the declared project (in copies).

1.2.4. Experts' reports and recommendations about the project, prepared during preliminary study of the project in territorial and branch divisions of the Government of Moscow.
1.2.5. For examination the first copy of the municipal loans presented to Committee and equity market development (Expert council is transmitted at Committee) project documents. The complete set of documents contains \"Sheet of support of the project \" in which it is made marks about structure and terms of discovery of documents.
1.2.6. The task for examination (mainly under large projects and programs) can be nominated on a partial set of documents, on what the mark in the Task is done.

1.3. The offer on examination realisation introduces Secretary (the responsible secretary) Expert council. The offer contains:
The task for the examination realisation, prepared on a basis «the Format of the task for examination (the typical format of analytical estimations and examinations of projects for financing from Financial funds», see the Appendix №8/1/2;
The contract draught for examination between Committee (Committee Establishment) and the expert;
Structure of expert group (expert) under the project;
The natural and legal persons accredited at Committee of municipal loans and development of equity market according to \"Position about accreditation of participants of a zaemno-reinvestment cycle \" can be experts. Chiefs and employees of the organisations - competitors of investments at the expense of Financial funds cannot be experts.
1.4. Examination is nominated by Agreement signing to examination between Committee (Committee Establishment) and the expert (expert group, the expert organisation - further also the Expert) and issue of the Task for examination realisation.
1.5. The agreement for examination between experts and Committee defines conditions and mutual relations of the parties, including terms of realisation of examination and a compensation order.
1.6. With the Expert officials of Expert council (the Chairman, deputies), chiefs with the right to sign of Establishment of the Committee formed according to the order of the Mayor of Moscow №309-РМ from 15.04.97 (Establishment "Moskomzajm-Investproekt") have the right of signing of the Agreement
1.7. In the reasonable cases during the term of examination defined in the Task for examination, Expert council at Committee has the right to make additions and corrective amendments to the expert task, not rendering influences on volumes of submission of the information of the experts' report. In case of need essential updatings in the Task for examination, with the expert the Addendum to the contract for examination can be signed.

2. An order and procedure of submission by experts of results of examination

2.1. Results of examinations upon termination of the term defined in the Task for examination, represent the experts' report to Expert council at Committee of municipal loans and equity market developments.
2.2. The experts' report is made out by the expert according to a typical format of submission of the experts' report under the project.
2.3. The secretary (the Responsible secretary) Expert council checks conformity of the data presented by the expert on volume and the contents to the requests containing in a typical format.
2.4. Experts bear responsibility for objectivity of conclusions and the estimations containing in the Experts' report, according to requests of the prisoner with Agreement Committee for examination.
2.5. Conclusions and expert's statements are not subject without the coordination with it, to updating, semantic change by additions, or to omission of semantic parts of the conclusion.
2.6. In a case if the presented experts' report mismatches requests of the Format of the task for examination, it comes back to completion and addition. Completion term under the indicated not accepted experts' reports
Makes, as a rule, no more than 3 working days.
2.7. The committee has the right, reflected in the standard contract to examination, not to accept the experts' report presented to Expert council in case it, despite processing and additions, mismatches requests of a typical Format on volume of the presented information; does not consider a subject of examination with application obligatory (recommended by the Format) techniques; does not contain estimations and conclusions on the obligatory sections provided by the Task for examination; meaningly deforms the initial information.
2.8. Claims and disputes concerning the presented examinations are considered within the limits of Agreement positions for examination.
2.9. Results of examinations are intellectual property of Committee of municipal loans and equity market developments. Their use, references to them, the message of estimations containing in experts' reports and conclusions, including to competitors of investments, whose projects (demands) passed examination on the instructions of Committee and Expert council, it is not supposed without the Committee consent.
2.10. Expert council and other organizers of competitive selection of projects supply confidentiality of realisation of examination at least till the moment of submission of experts' reports to Investment council of a city of Moscow.
2.11. The expert council can hear experts and applicants (competitors of financing from Financial funds of urban loans) to organise public protection of projects to require of experts and applicants additional explanations on separate questions of the project.
2.12. The conclusions accepted by Expert council are considered at drawing up of the Experts' report of Committee, applied to it at submission to Investment council of a city of Moscow.
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A source: KRIVOSHEIN ANDREY NIKOLAEVICH. MANAGEMENT of INVESTMENTS In the SUBJECT of FEDERATION (ON the EXAMPLE of Moscow). The DISSERTATION on competition of a scientific degree of a Cand.Econ.Sci. Moscow. -199

More on topic the Appendix 2 INSTRUCTION about an order of appointment and submission of results of examinations of investment projects of urban bonded loans financed from Financial funds:

  1. the Order of financing of investment projects from funds of urban bonded loans, schemes of maintenance of a reflexivity of extra investment resources
  2. APPENDICES. The appendix of 1 Request to zajavochnym to the documents represented in Moskomzajm on competition of investments the List of documents, represented by the Applicant for registration of the demand for competition of financing from funds ofurban bonded loans:
  3. 3.3. Management of realisation of urban investment projects.
  4. the Appendix 3 Position About the ORDER of ACCREDITATION of the organisations AT COMMITTEE of MUNICIPAL LOANS And EQUITY MARKET DEVELOPMENTS
  5. the organisation of process of appointment of the identification multiobjective it is judicial-pocherkovedcheskoj examinations
  6. §2.2. Appointment judicial fonoskopicheskoj examinations oblikovyh Characteristics of the person
  7. §5. Value of Modelling contract ATES about investment projects for fastening by the national legislation of uniform approaches to investment regulation
  8. §5. Value of Modelling contract ATES about investment projects for fastening by the national legislation of uniform approaches to investment regulation
  9. Chapter 1 Share investment funds as the form of collective investment
  10. Structure of a portfolio of investment projects
  11. § 1.2. The concept and kinds of share investment funds
  12. § 1.1«Economic-social bases of occurrence and activity of share investment funds in the Russian Federation
  13. §3. Legal regulation of activity of share investment funds in Russia
  14. an order of appointment of the expert arbitration structure