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There has been putted into effect the Federal Act, by which it is changed the procedure for determination of price of state and municipal ownership being subject for privatization


There has been putted into effect the Federal Act, by which it is changed the procedure for determination of price of state and municipal ownership being subject for privatization
2010-06-16 08:00

NEWS OF THE FEDERAL LEGISLATION

There has been putted into effect the Federal Act, by which it is changed the procedure for determination of price of state and municipal ownership being subject for privatization

  Since June 15, 2010 the Federal Act N 106-FZ of May 31, 2010 "On amendments to the Federal Act "On privatization of state and municipal property" (document is in Russian) is putted into effect, by which it is established that the Government of the Russian Federation has the right by its decision to entrust to legal entities to organize sale of privatized federal property or to provide functions of seller on behalf of the Russian Federation in established order. In aforesaid decision of the Government of the Russian Federation, it shall be determined federal property being subject for privatization, activities of these legal entities, size and procedure for payment remuneration to them. Earlier under special direction of the Russian Federation Government, a specialized state institution or specialized state institutions on its behalf may provide functions on sale of privatized federal property.

In accordance with the amendments, it is excluded the notion of normative price of state and municipal property being subject for privatization. Initial price of state and municipal property being subject for privatization may be established in cases provided by the Federal Act N 178-FZ of December 21, 2001 "On privatization of state and municipal property" (document is in Russian) in accordance with legislation of the Russian Federation regulating appraiser's activity.

So the amendments have established that sale of state and municipal property by ways established by the Act may be provided in electronic form.


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