Municipal councillors may be exempted from bank interest for dwellings built by mortgage method

The new Regulations regarding the financing of the bank interest for the persons employed in the budgetary system who build or buy dwellings using the mortgage method, will be examined at the sitting of the Chisinau Municipal Council on Thursday, March 15. The document suggested to councillors for approval stipulates that persons who work at the moment in the budgetary system in Chisinau municipality, have at least a two-year length of service in a budgetary institution and their living conditions need to be improved, will have their bank interests paid by the municipal budget. The Regulations stipulate that municipal councillors will also benefit from these provisions. CMC is to decide whether they will be exempted from the bank interest. According to the draft decision, the paying of the bank interest from the municipal budget will be ceased in case the person retires from the budgetary system, without having a ten-year length of service in this system.