LAW OF UKRAINE

of January 24, 1997 No. 51/97-BP

About the state material reserve

This Law determines the general principles of forming, placement, storage, use, replenishment and refreshening (updating) of inventories of the state material reserve (further the state reserve) and governs the relations in this sphere.

Article 1. Concept of the state reserve

1. The state reserve is special state inventory of material values, held for use for the purpose of and according to the procedure, provided by this Law. As a part of the state reserve not reduced inventory of material values (constantly supported amount of their storage) is created.

2. Are part of the state reserve:

mobilization reserve - inventories of the material and raw material resources intended for ensuring expansion of production of military and other industrial output, repair of military equipment and property during the special period, expansion in wartime of works on recovery railway and highways, sea and river ports, airfields, lines and constructions of communication, gazo-, oil pipelines, systems power - and water supply for the organization of smooth operation of the industry, transport and communication, delivery of health care;

inventories of raw material, material and food resources for ensuring strategic needs of the state;

inventories of material resources for accomplishment of first-priority works in case of mitigation of consequences of emergency situations and for accomplishment of other actions, stipulated by the legislation.

Article 2. Determination of terms

In this Law terms are used in the following value:

safe custody of material values of the state reserve - storage of the material values pledged in the state reserve at the supplier (producer) or the receiver (consumer) without provision to it the rights to use these material values before adoption in accordance with the established procedure of the decision on their leave from the state reserve;

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