Treasury Security of Obligations
Federal Treasury Guarantee of Obligations is a document (not a negotiable instrument) issued by the Federal Treasury (the financial body of a subject of the Russian Federation (municipal formation)) in cases provided for in paragraph 7 of this article, to confirm the obligation of the Federal Treasury (the financial body of a subject of the Russian Federation (municipal formation)) to ensure payment of obligations of the recipient of budget funds within the amount necessary to pay the aforementioned obligations arising from the performance of state (municipal) contracts for the supply of goods, performance of works, provision of services (excluding state contracts in the framework of execution of the state defense order provided for in subparagraph 5 of article 242.27 of this Code), and other agreements (arrangements), the source of financial security for the fulfillment of which are funds of the relevant budget of the Russian Federation budget system, in cases determined by federal by the Federal Budget Law, as well as in other cases specified in this Code1.
Budget Code of the Russian Federation dated 31.07.1998, as amended on 2028-01-01, Art. 242.22, para. 1 // RSZ RF. 1998. No. 31. Art. 3823. ↩