Analysed Federal Law No. 63-FZ

Our firm’s experts analysed Federal Law No. 63-FZ “On amending the Russian Budget Code to the extent of the regulation of the budgetary process and on bringing certain items of Russian legislation into line with Russian budgetary legislation” dated 26 April 2007. Based on this analysis, ambiguity was identified in the legal regulation of the status of institutions funded from state and local budgets. This was connected with a new rule in budgetary legislation that income of institutions funded from state and local budgets received from providing fee-based services, should be booked as income of appropriate budgets, and with other new developments in budgetary legislation. We provided the Russian Association of Heads of Higher Education Institutions (the "Association") with recommendations regarding the development of a draft law on institutions funded from state and local budgets. The Association used these recommendations during public discussions of whether institutions funded from state and local budgets should remain a part of the education system.