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The document ceased to be valid since March 20, 2015 according to article 7 of the Federal Law of the Russian Federation of July 21, 2014 No. 210-FZ

FEDERAL LAW OF THE RUSSIAN FEDERATION

of October 30, 2007 No. 238-FZ

About the State corporation on construction of Olympic venues and development of the city of Sochi as mountain resort

(as amended on 07-05-2013)

Accepted by the State Duma on October 18, 2007

Approved by the Federation Council on October 26, 2007

Chapter 1. Basic provisions

Article 1. The relations regulated by this Federal Law

This Federal Law establishes legal status, the principles of the organization, the purpose of creation and activities, procedure for management of activities, procedure for reorganization and liquidation of the State corporation on construction of Olympic venues and development of the city of Sochi as mountain resort (further - Corporation).

Article 2. Legal status of Corporation

1. The corporation is the legal entity created by the Russian Federation in form of business of the state corporation.

2. The corporation has no membership.

3. Voided

4. Full name of Corporation in Russian "the State corporation on construction of Olympic venues and development of the city of Sochi as mountain resort". The abbreviated name of Corporation in Russian - Olympstroy State Corporation. Full name of Corporation in English - "State Corporation on Construction of Olympic Venues and Development of Sochi as Mountain Climatic Resort". The abbreviated name of Corporation in English - SC "Olympstroy".

5. The corporation has seal with the image of the State Emblem of the Russian Federation and with the full name in Russian.

6. The location of Corporation is the city of Sochi.

7. The corporation has the bank account in the Central bank of the Russian Federation, and also has the right to open other bank accounts in the territory of the Russian Federation and beyond its limits in the procedure established by the legislation of the Russian Federation.

8. The corporation has the right to perform business activity only so far as it serves goal achievement, the established part 1 of article 3 of this Federal Law, and answers this purpose. Income gained by Corporation from operation and other use of Olympic venues, investment of temporarily available funds, other income of Corporation are subject to the direction only on goal achievement, the established part 1 of article 3 of this Federal Law.

9. The corporation does not answer for obligations the Russian Federation, and the Russian Federation does not answer for obligations Corporation if it does not assume subsidiary responsibility according to separate or all liabilities of Corporation.

10. The corporation cannot be recognized as insolvent (bankrupt).

Article 3. Purpose of activities and function of Corporation

1. The purpose of activities of Corporation is implementation of the control functions provided by this Federal Law, the managerial and other socially useful functions connected with engineering researches in case of construction with designing with construction and with reconstruction (further - construction), the organization of operation of the objects necessary for holding the XXII Olympic winter Games and the XI Paralympic Winter Games of 2014 in the city of Sochi, and also for development of the city of Sochi as mountain resort (further - Olympic venues).

2. The program of construction of Olympic venues and development of the city of Sochi as mountain resort (further - the Program of construction) affirms the Government of the Russian Federation and includes the list of Olympic venues and other actions connected with their construction. For the purpose of accomplishment by Corporation of the functions specified regarding 1 this Article on the organization of construction of the Olympic venues included in the Program of construction and technological support of construction of these objects the supervisory board of Corporation approves the list of the Olympic venues and the actions connected with their construction which are not included in the Program of construction.

3. The corporation for goal achievement of the activities performs the following main functions:

1) according to the Program of construction and requirements of the International Olympic Committee and International Paralympic Committee to Olympic venues will organize works and performs other actions directed to construction of Olympic venues at the expense of own means and (or) means of other investors including:

a) sporting venues;

b) objects of transport, engineering infrastructure, and also communications infrastructure;

c) power generation facilities;

d) objects of the tourist industry and health care facilities;

e) subjects to nature protection appointment;

e) subjects to safety;

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