Target Loan
Target loan — funds received from credit and other organizations of the Russian Federation and actually spent by them on new construction or the purchase within the territory of the Russian Federation of a residential house, apartment or share (shares) in them, based on documents confirming the targeted use of such funds1.
Federal Law No. 112-FZ dated August 20, 2004, "On Amending Articles 220 and 224 of Part Two of the Tax Code of the Russian Federation" dated August 20, 2004, as amended on August 20, 2004, Article 1, subpara. a#2 // RSZ RF. 2004. No. 34. Art. 3527. ↩