Information Booklet for Investors
Republic of Serbia Autonomous Province of Vojvodina PROVINCIAL GOVERNMENT Republic of Serbia Autonomous Province of Vojvodina PROVINCIAL GOVERNMENT INFORMATION BOOKLET FOR INVESTORS PROVIDING INFORMATION FOR INVESTORS THAT ARE INCLUDED IN THE PROSPECTUS FOR PUBLIC OFFER Pursuant to Article 41 of the Law on Capital Market (”Official Gazette of the RS”, No. 31/2011) Novi Sad, 2015 1 LEGAL FOUNDATION FOR THE ISSUANCE OF LONG-TERM SECURITIES On the basis of the Statute of the Autonomous Province of Vojvodina (“Official Journal of APV”, No. 20/2014; the Statute of the AP of Vojvodina), and pursuant to Public Debt Law (“Official Gazette of RS” No. 61/2005, 107/2009, 78/2011), the Assembly of the Autonomous Province of Vojvodina (hereinafter referred to as: The Assembly of AP Vojvodina) adopted, on the session held on 28th April 2015, the Provincial Assembly Decision on Initiating and Method of Conducting the Borrowing Procedure by means of Emission of Long-Term Securities for the Purpose of Financing Procurement of the Equipment for the “KAMENICA 2” Facility (“Official Gazette of RS” No. 18/2015; Decision on Borrowing). In accordance to the Article 33 of the Public Debt Law prior to the adoption of the Decision on Borrowing, the positive opinion of the Ministry of Finance, Public Debt Administration No. 401- 881/2015-001, was obtained on 14th April 2015. Referring to the provision of the Article 36 Paragraph 6 of the Public Debt Law which stipulates that the territorial autonomy unit may borrow by issuing long-term securities in order to finance investment, development and priority programmes and projects and Paragraph 7 of the same Article which stipulates that borrowing limitations for the local authorities does not relate to the borrowing by issuing long-term securities, the Public Debt Administration issued the opinion that the “Autonomous Province of Vojvodina may borrow for the purpose of financing capital investment expenditures by means of emission of long-term securities in the amount of 2,080,000,000.00 RSD“.
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