Article 109. Funds received from privatization The Law on State Property
1. The funds received from the privatization of republican property are sent to the National Fund of the Republic of Kazakhstan, municipal property, and to the relevant local budget.
The procedure for using the funds received from the sale of material assets of the state material reserve is established by the Budget Code of the Republic of Kazakhstan.
2. The preparation and holding of tenders for privatization are carried out at the expense of budgetary funds.
The Law of the Republic of Kazakhstan dated March 1, 2011 No. 413-IV.
This Law defines the legal regime of state property, the legal basis for the management of State property, including property assigned to State-owned legal entities, and state-owned shares and stakes in the authorized capital of legal entities, the legal grounds for the acquisition and termination of rights to state property, and is aimed at ensuring the effective exercise by the State of the rights of the owner and holder of other rights. on state property.
President
Republic of Kazakhstan
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