LAW OF THE KYRGYZ REPUBLIC

of January 27, 2018 No. 16

About introduction of amendments to the Law of the Kyrgyz Republic "About local self-government"

Accepted by Jogorku Kenesh of the Kyrgyz Republic on December 13, 2017

Article 1.

Bring in the Law of the Kyrgyz Republic "About local self-government" (Sheets of Jogorku Kenesh of the Kyrgyz Republic, 2011, No. 7, the Art. 1004) the following changes:

Articles 61 and 62 to state 1) in the following edition:

"Article 61. Financial and economic bases of local self-government

1. The financial basis of local self-government is constituted by the tax and non-tax sources of the income, the income from use of municipal property, the loan and other financial resources assigned by the legislation of the Kyrgyz Republic to local budgets.

2. The economic basis of local self-government is constituted by the real and personal municipal estate, securities, lands transferred to the jurisdiction to local self-government in the procedure established by the legislation of the Kyrgyz Republic and their territories used by local government bodies in borders for satisfaction of interests and requirements of local community, other objects of the civil laws, and also the companies, the organizations and organizations performing activities in the corresponding territory.

3. The financial and economic relations of local government bodies with state bodies, other local government bodies, legal entities and physical persons, and also procedure and the principles of forming and execution of the local budget and off-budget funds of local government bodies are regulated by the legislation of the Kyrgyz Republic.

Article 62. Rights of local government bodies to creation of the municipal companies and non-profit organizations, and also to participation in joint-stock companies

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