LAW OF THE REPUBLIC OF MOLDOVA

of July 25, 1997 No. 1308-XIII

About the standard price and procedure for purchase and sale of the earth

The parliament adopts this law.

Chapter I General provisions

Article 1. Law scope

This law is applied in case:

a) purchase and sale of lands, including lands on which the privatized or privatizeable objects, or private objects, and also objects of construction in progress are located;

b) inclusions of cost of the lands which are in public property on which the objects specified in Item an are located), in their authorized capital, according to the decision of general shareholder meeting (founders) and with the consent of the owner of these lands, as its share in property of object;

c) conclusion of lands from categories of lands of agricultural purpose and lands of forest fund, and also from agricultural turnover and their transfer in other categories of lands;

d) compulsory acquisition of lands;

e) rent relations.

Article 2. Concept of standard price of the earth

(1) the Standard price of the earth is measure of its assessment equivalent its to natural and economic potential, expressed in national currency. It is established by this law and applied in implementation process of land relations irrespective of type of land ownership.

(2) Rates for calculation of standard price of the earth are established on conventional unit point-hectare proceeding from cadastral (quantitative and high-quality) indicators according to appendix to this law and are annually indexed by Parliament on representation of the Government according to the annual rate of inflation promulgated by National Bank of Moldova.

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