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LAW OF THE KYRGYZ REPUBLIC

of March 2, 2002 No. 31

About privatization of state-owned property in the Kyrgyz Republic

(The last edition from 22-05-2018)

Accepted by General Court of Jogorku Kenesh of the Kyrgyz Republic on January 31, 2002

This Law of the Kyrgyz Republic establishes the organizational and legal basis of transformation of the relations of property in the Kyrgyz Republic by means of privatization of state-owned property.

Chapter I. General provisions

Article 1. Concept of privatization of property

Privatization of state-owned property is understood as paid property acquisition, the state (subjects to privatization) which is in property, in property of physical persons and legal entities.

Article 2. Legislation of the Kyrgyz Republic on privatization of state-owned property

The legislation of the Kyrgyz Republic on privatization of state-owned property consists of this Law, other legal acts and other regulatory legal acts of the Kyrgyz Republic accepted according to them.

Article 3. Restriction of coverage of this Law

Operation of this Law does not extend:

on recovery of property rights of owners, their heirs and legal successors on property which was nationalized, confiscated or is in a different way withdrawn against the will of specified persons in the state-owned or municipal property;

on privatization of the earth, except for the parcels of land constituting single complex with subjects to privatization;

on privatization of natural resources;

on privatization of the state and municipal housing stock;

on privatization of the state reserve;

on privatization of the state-owned property which is outside the territory of the Kyrgyz Republic;

on privatization of objects of historical and cultural heritage and natural objects;

on cases of accomplishment of obligations of the Kyrgyz Republic according to the international treaties signed by the Kyrgyz Republic.

Alienation of the state-owned property specified in this Article is regulated by other legal acts of the Kyrgyz Republic.

Chapter II. Privatization program of state-owned property

Article 4. Privatization program of state-owned property

1. Privatization of the property which is in state-owned property is performed according to the Kyrgyz Republic developed by the Government and the Privatization program of state-owned property approved by Jogorku Kenesh of the Kyrgyz Republic.

2. The privatization program contains lists of objects of state-owned property:

shares and shares in the authorized capital of economic societies, privatizeable;

property complexes and real estate, privatizeable.

3. The privatization program is adopted for certain calendar term and affects until its approval the next term. After effective period of the Privatization program Government of the Kyrgyz Republic submits the report on results of its accomplishment for consideration of Jogorku Kenesh of the Kyrgyz Republic.

Article 4-1. System of executive bodies in the sphere of management of state-owned property

The government of the Kyrgyz Republic determines policy in the sphere of management of state-owned property.

Development of policy in the sphere of management of state-owned property, and also management of state-owned property are performed by the authorized state bodies determined by the Government of the Kyrgyz Republic.

Authorized state body on development of policy in the sphere of management of state-owned property - the executive body authorized by the Government of the Kyrgyz Republic to perform regulation of the relations in questions of management of state-owned property.

Authorized state body in the sphere of management of state-owned property - the executive body authorized by the Government of the Kyrgyz Republic to exercise control of state-owned property.".

Article 5. Classification of state-owned property in the course of privatization

It is excluded by the Law KR of May 23, 2008 No. 96

Article 6. Determination of state-owned property, privatizeable

It is excluded by the Law KR of May 23, 2008 No. 96

Chapter III. Participants (subjects and objects) of privatization

Article 7. Competence of authorized state bodies

The authorized state body on development of policy in the sphere of management of state-owned property performs:

development within the competence provided by this Law, Privatization programs, other laws, regulatory legal acts regulating procedure of privatization of state-owned property;

development and representation of the Kyrgyz Republic to the Government together with the relevant state bodies of the draft of the Privatization program;

monitoring of accomplishment of the Privatization program.

The authorized state body in the sphere of management of state-owned property performs:

privatization program implementation;

ensuring efficiency of use of state-owned property;

protection of interests and property rights of the republic; sale of subjects to privatization;

organization of accounting of state-owned property and maintaining its register;

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