ORDER OF THE GOVERNMENT OF THE KYRGYZ REPUBLIC

of March 26, 2003 No. 168

About approval of the provisions regulating privatization of state-owned property

According to the Law of the Kyrgyz Republic "About privatization of state-owned property in the Kyrgyz Republic" and for the purpose of determination of conditions and procedure for privatization of state-owned property, the Government of the Kyrgyz Republic decides:

1. Approve enclosed:

- Regulations on privatization of state-owned property sales method at tender;

- Regulations on privatization of state-owned property by method of direct sale.

2. Features of privatization of financial credit institutes with the state participation can be established by other regulatory legal acts of the Kyrgyz Republic.

3. To impose control over the implementation of this resolution on management of economy, investments and state-owned property of the Office of the Prime Minister of the Kyrgyz Republic.

Approved by the Order of the Government of the Kyrgyz Republic of March 26, 2003 No. 168

Regulations on privatization of state-owned property sales method at tender

I. General provisions

1. This Provision is developed according to the Law of the Kyrgyz Republic "About privatization of state-owned property in the Kyrgyz Republic" and determines conditions and procedure for privatization of state-owned property sales method at tender.

2. Tender is sales method of state-owned property in case of which the buyer of the privatized object assumes the certain obligations established by tender conditions.

Depending on requirements imposed to the buyer of state-owned property tender can be commercial or investment.

3. As the seller of state-owned property the authorized state body on privatization and management of state-owned property acts (further - the Seller).

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