LAW OF TURKMENISTAN

of May 23, 2015 No. 235-V

About modification and amendments in the Law of Turkmenistan "About privatization and privatization of state-owned property"

I. Bring in the Law of Turkmenistan "About privatization and privatization of state-owned property", accepted on December 18, 2013 (Sheets of Majlis of Turkmenistan, 2013, No. 4, Art. 88; 2014, No. 4, Art. 148; 2015, No. 1, Art. 32), following changes and amendment:

1. To state part one of Article 5 in the following edition:

"1. Realization of the basic principles of privatization and privatization of state-owned property is performed on the basis of the State program on privatization and privatization of state-owned property (further - the State program) and according to decisions of the Cabinet of Ministers of Turkmenistan.".

2. Item 5 parts one of Article 6 and Item 9 of Article 12 to recognize invalid.

3. In part four of Article 14:

in the second offer:

the words "realization of fixed assets" to exclude;

in the text in state language to replace the word "saklanylmagyna" with the word "togtadylmagyna";

add with the paragraph of the following content:

"The list of objects of privatization and privatization cannot include the state objects which are subject to demolition or transfer according to the legislation of Turkmenistan.".

4. The second Article 16 to state part in the following edition:

"2. Sale of subjects to privatization at auction and investment tender is carried out after publication of information on state-owned property, privatizeable, to the terms established by authorized body.".

5. In Article 18:

the second to state part in the following edition:

"2. Means from privatization of state-owned property are transferred into the special account of the Government budget of Turkmenistan, except for the case provided by the paragraph the second this part.

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