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LAW OF THE REPUBLIC OF ARMENIA

of December 9, 2014 No. ZR-158

About management of state-owned property

Accepted by National Assembly of the Republic of Armenia on November 20, 2014

Chapter 1. General provisions

Article 1. The relations regulated by this Law

1. This Law governs the relations connected with goals and program control by state-owned property, including the organization of works on accounting, assessment, registration of the property right of the state, the address of state-owned property, as well as control of ensuring safety and property management.

2. Operation of this Law does not extend:

1) on the parcels of land which are state-owned property (except for the built-up parcels of land, the vacant parcels of land allocated as a result of optimization of the built-up parcels of land, and also state parcels of land transferred (fixed) to the state or subordinated state bodies and offered to alienation), including on forest lands, subsoil, especially protected natural territories, the isolated water objects and other natural resources belonging to the state, immovable historical and cultural monuments which are not subject to alienation and also property of the Central bank of the Republic of Armenia or the organizations founded by the Central bank of the Republic of Armenia or with participation of the Central bank of the Republic of Armenia;

2) on the state-owned property transferred to ownership and use to authorized bodies of public administration in spheres of defense, border, civil defense, and also homeland security and state protection and Service of foreign intelligence which is according to the destination intended for accomplishment of confidential works.

Article 2. Legislation of the Republic of Armenia on regulation of the state property relations

1. The legislation regulating the state property relations includes the Constitution of the Republic of Armenia, the Civil code of the Republic of Armenia, the Law of the Republic of Armenia "About privatization of state-owned property", the laws on privatization programs of state-owned property, this Law and other legal acts regulating the state property relations.

2. If the international treaty of the Republic of Armenia establishes other regulations, than are provided by this Law, then regulations of the international treaty are applied.

3. The powers regulating the state property relations are distributed between governing body of state-owned property and other state bodies according to this Law and other regulatory legal acts regulating the state property relations.

Article 3. Regulation of the state property relations

1. Regulation of the state property relations includes:

1) problem resolution of management of state-owned property, adoption of development programs and ensuring their execution;

2) adoption of the laws and other regulatory legal acts governing the relations on management of state-owned property and control of their execution;

3) establishment of the directions of state policy in the sphere of management of state-owned property;

4) establishment of the single principles in the sphere of accounting of state-owned property and inclusion of all state-owned property in base of accounting, and also carrying out the selective studying for the purpose of ensuring high level of accuracy of data of accounting;

5) monitoring of state-owned property, use and storage of state-owned property, implementation of the purpose of the address of state-owned property;

6) periodic implementation of assessment of shares and shares of state-owned property, the commercial organizations belonging to the state on the property right;

7) development and implementation of policy in the sphere of privatization and alienation of state-owned property;

8) development and implementation of state policy in the sphere of implementation of property turnover between the state and communities;

9) coordination of functions of governing body of state-owned property and other state bodies having powers in the sphere of regulation of the state property relations;

10) development and implementation of single policy in the sphere of management of the property rights belonging to the state;

11) increase in effective management of shares (shares) in the commercial organizations belonging to the state on the property right.

Article 4. The basic concepts used in this Law

1. In this Law the following basic concepts are used

1) state-owned property - the property specified in article 5 of this Law;

2) management of state-owned property - process of the organization of implementation of the relations specified in article 1 of this Law;

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