Methodological problems financing of the state capital investments

One of the major tools and conditions of modernization and transition to investment development is carrying out effective investment policy by the state in the field of the state capital investments. In the conditions of limitation of financial resources of means of the state, according to the author, have to go first of all to such forms of capital construction as modernization and modernization of the existing research and production base. In the article the author considers concepts of modernization, new construction, reconstruction and modernization, expansion of production and their reflection in the current legislation and standard and legal documents, shows discrepancy of interpretation of these concepts in different legislative and normative legal acts that results in difficulties in practical activities on implementation of the state capital investments. The reasons of the developed situation are analyzed and offers on its correction are made.