Reserve Fund

1. The Reserve Fund is a portion of the federal budget funds that are subject to separate accounting and management for the purpose of implementing the oil and gas transfer in the event that oil and gas revenues are insufficient to finance such transfer.

2. The Federal Law on the Federal Budget for the next fiscal year and planning period establishes the normative size of the Reserve Fund in absolute terms, determined based on 10 percent of the projected volume of gross domestic product for the corresponding financial year, as specified in the federal law on the federal budget for the next fiscal year and planning period.

3. The Reserve Fund is formed from:

oil and gas revenues of the federal budget in the amount exceeding the approved for the corresponding financial year size of the oil and gas transfer, provided that the accumulated volume of the Reserve Fund does not exceed its normative size;

revenues from the management of the Reserve Fund's assets.

4. In the event that oil and gas revenues are insufficient to form an oil and gas transfer in the amount specified in paragraph 2 of article 96.8 of this Code, the federal law on the federal budget for the next fiscal year and planning period establishes the maximum volume of use of funds from the Reserve Fund to finance the aforementioned transfer.

5. The federal law on the federal budget for the next fiscal year and planning period may provide for the use of funds from the Reserve Fund for early repayment of the Russian Federation's external state debt