Law on privatization of state property (1997).

The present Law regulates legal relations in the sphere of privatization of state property including privatization of unfinished constructions. Unfinished constructions are considered objects that have validated project and allotted plot of land on which construction has not started. Object of privatization is also the right to prospect the stock of subsoil and natural resources. The document consists of VII Secs. that contain 35 Arts. Section I (arts. 1-11) lays down general provisions. Section II (Arts. 12-13) establishes competence of state bodies in the sphere of privatization. Section III (Arts. 14-27) determines the modalities of privatization of state property. Section IV (art. 28) regards disposal of revenues from privatization. Section V (Arts. 29-33) regards privatization transactions. Section VI (Art. 34) establishes liability for the infringement of the legislation. Section VII (Art. 35) lays down transitional provisions.