Law on state and local property.

The purpose of this Law is to regulate relations arising from the matters of powers of the legislative and executive organs concerning ownership rights on state and local property, level of authority of a legal person with state property and its administration, principle and regulations of activity of an organ implementing policy on state property. The following immovable and movable property to be considered as a state property for public use: 1) land not pertaining to private ownership; 2) subsoil with its mineral wealth; 3) water and water resources; 4) forest and forest resources; 5) flora and fauna; 6) historical and cultural relics and monuments; 7) archaeological and paleonthological findings; 8) other items considered as State property for public use by law. The local property comprises items of common/public property for public use and the locally owned property. The Law consists of 9 Chapters that contain 83 articles. Chapter 1 (arts. 1-2) lays down general provisions. Chapter 2 (arts. 3-7) specifies state property items. Chapter 3 (arts. 8-12) regards management of state property. Chapter 4 (arts. 13-23) regards legal persons with state property and rights of its stock. Chapter 5 (arts. 24-31) regards regulation of ownership, use and disposal of the property pertaining to state property. Chapter 6 (arts. 32-65) regards privatization of state property. Chapter 7 (arts. 66-73) deals with control over state property, its protection, inspection, registration and accounting. Chapter 8 (arts. 74-81) regards local property items. Chapter 9 (arts. 82-83) lays down additional provisions.