Act No. CXVI of 2001 on the National Land Fund.

This Act establishes the National Land Fund with the purpose of: a reasonable management of state-owned arable lands, promoting ecological agricultural production and economic efficiency, and creating a modern landed property structure based on family farms. Property rights in regard of the Fund are exercised by the Minister of Agriculture and Rural Development. He has to report annually to the Parliament on the situation of the Fund and of the managing organization. On entering into force of this Act, forest lands managed by state-owned forestry companies, all state-owned arable lands managed by the Treasury Property Management or by the National Privatisation and Property Managing Company, all state-owned lands without manager, lands that haven't been sold during the land reform process and that do not form part of any land fund, and lands which proprietor cannot be determined, will form the Land Fund. Lands of the Fund must be used for sale, exchange and lease. Lands may be sold through tender or public auction and leased by competition.