Resolution on Debts of State Farms and Collective Farms under Reorganisation (No. 42 of 1995).

The Ministry of Agriculture and Food of is allowed to sell the property and cattle of the reorganized state farms and collective farms to individual and peasant farms, agricultural cooperatives with the registration of the passive debts and their repayment in equal parts during 10 years. State credit debts of reorganized state farms in the amount of 50 percent, and collective farms 75 percent are to be transferred to new creating individual and peasant farms, agricultural cooperatives with the payment in equal parts during 15 years starting from 1 January 1997 and the remaining part of debts are to be transferred to state debt. Re-registration and writing off of debts of the reorganised state and collective farms before 1 July 1995 should be done in accordance with the Board's decision on land-agrarian reform of Ministry of Agriculture.