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FEDERAL LAW OF THE RUSSIAN FEDERATION

of July 29, 2017 No. 218-FZ

About the public company on protection of the rights of citizens - participants of shared-equity construction in case of insolvency (bankruptcy) of builders and about modification of separate legal acts of the Russian Federation

Accepted by the State Duma on July 21, 2017

Approved by the Federation Council on July 25, 2017

Article 1. The relations regulated by this Federal Law

This Federal Law determines procedure for creation, legal status, the purposes of activities, function, power and procedure for management of activities of the public company for protection of the rights of citizens - participants of shared-equity construction.

Article 2. Purpose and procedure for creation of the public company

1. The public company "Fund of Protection of the Rights of Citizens — Participants of Shared-equity Construction" (further - Fund) is created by the Russian Federation for the purpose of realization of the state housing policies directed to increase in guarantee of protection of the rights and legitimate interests of citizens - participants of shared-equity construction whose funds are raised for construction (creation) of the apartment houses and (or) apartment houses of the blocked building consisting of three and more blocks under the agreements of participation in shared-equity construction providing transfer of premises according to the legislation on participation in shared-equity construction of apartment houses and (or) other real estate objects for construction (creation) of the apartment houses and (or) apartment houses of the blocked building consisting of three and more blocks.

2. The fund is created by transformation of "Fund of Protection of the Rights of Citizens — Participants of Shared-equity Construction" non-profit organization which is created in form of business of fund and which founder is the Russian Federation according to the order of the Government of the Russian Federation about protection of the rights of citizens - participants of shared-equity construction, and is her legal successor.

3. The fund acts on the basis of the Charter, approved by the Government of the Russian Federation.

4. The location of Fund is the city of Moscow.

Article 3. Functions, powers and activities of Fund

1. For goal achievement, established by this Federal Law, the Fund performs the following functions and powers:

1) forming of compensation fund due to obligatory expels (fees) of the builders raising money of participants of shared-equity construction according to the legislation on participation in shared-equity construction of apartment houses and (or) other real estate objects for construction (creation) of the apartment houses and (or) apartment houses of the blocked building consisting of three and more blocks, and the property acquired due to investment of the specified money (further - compensation fund);

2) accounting of the arrived obligatory contributions (fees) of builders to compensation fund and interaction with the federal executive body and its territorial authorities performing the state cadastral registration, state registration of the rights, maintaining the Single state real estate register and provision of the data containing in the Single state real estate register (further - body of registration of the rights), according to the procedure, stipulated in Article the 11th this Federal Law, for the purpose of ensuring control of execution of obligation by the builder on payment of obligatory contributions (fees) to compensation fund;

3) payment at the expense of means of compensation fund of compensation to citizens - participants of shared-equity construction under the agreements of participation in shared-equity construction providing transfer of premises in case of insolvency (bankruptcy) of the builder according to this Federal Law;

4) accreditation of arbitration managers for the purpose of implementation of powers of the receiver by them (the external managing director) in the case of bankruptcy of builder according to the Federal Law of October 26, 2002 No. 127-FZ "About insolvency (bankruptcy)" according to the procedure, established by the federal executive body authorized by the Government of the Russian Federation on implementation of functions on development of state policy and normative legal regulation in the field of insolvency (bankruptcy) and financial improvement;

5) financing of actions for completion of construction of facilities of construction in progress at the expense of means of compensation fund;

6) government relations, local government bodies and builders;

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