Law No. 09/NA on State Assets. Country/Territory Lao, People's Dem. Rep. Document type Legislation Date 2002 Source FAO, FAOLEX Subject Environment gen., Fisheries, Forestry, Mineral resources, Water, Wild species & ecosystems Keyword Groundwater Surface water Sustainable use Registration Aquatic animals Fishery management and conservation Forest management/forest conservation Forestry protection measures Minerals Mining Sustainable development Wild fauna Wild flora Management/conservation Geographical area Asia, Asia and the Pacific, Landlocked Developing Nations, Least Developed Countries, South-Eastern Asia Entry into force notes This Law enters into force after sixty days from 15 October 2002. Abstract This Law, consisting of 32 sections divided into seven Chapters, on State Assets has the function to define the types of State assets and to set out provisions for their management, use, protection, and effective development in accordance with their purpose and objectives, and with laws and regulations, with the aim to contribute to national socioeconomic development, including the protection of national resources and the environment. It specifies that a State asset refers to any property that exists in nature and/or is created by mankind, ownership of which belongs to the nation, being movable and immovable assets that exist on the surface of the land, underground, on the surface of water, underwater, and in airspace, within the boundary of the Lao PDR, including the assets of the Lao PDR in foreign countries. State assets of the Lao PDR are owned by the national community and are centrally and uniformly controlled by the State. The State designates organisations or individuals to manage, use, lease, or hold concessions in such assets, and to protect and develop them in a sustainable way. The State protects the legitimate rights of organisations or individuals who have been designated to manage and use State assets. Full text English Website www.vientianetimes.org.la