Law of Georgia on Regulatory Fees (No. 1860-RS of 2005)

The purpose of this Law is to ensure the financial independence of national regulatory authorities and of legal entities under public law regulating activities connected with the use of natural resources, oil refining, natural gas processing and/or transportation, and the performance of public regulatory functions by such authorities. This Law establishes the concept of a regulatory fee as one of the financing sources of the authorities specified in paragraph 1 of this article, as well as its amount, structure and payment procedure. This Law does not exclude the possibility of financing the activities of the aforementioned authorities by other resources. This Law applies to all the authorities that, according to the Law of Georgia on National Regulatory Authorities, are regulatory authorities, and to the following legal entities under public law: the National Environmental Agency, which regulates the use of natural resources, and the State Agency of Oil and Gas, which regulates oil refining and natural gas processing and/or transportation activities. More specifically, the Law determines fees for the following natural resources: minerals, oil, mineral and natural water, timber, wild flora planting materials, fish, wild fauna, and processing and transporting of oil and gas.