Article 13. Powers of the Authorized government body in the field of privatization of state property

The State Assets Management Agency of the Republic of Uzbekistan is an Authorized government body in the field of privatization of state-owned property (hereinafter referred to as the Authorized government body).

The Authorized government body shall:

conduct a unified state policy in the field of privatization of state property;

organize the work on the privatization of state-owned property in accordance with the programs of privatization of state property;

work as a seller of republican property, while his territorial administrations also perform the function of a seller of municipal property, and also signs contracts for the purchase and sale of privatized state property, respectively;

form a program for the privatization of republican property and submits it for approval to the Cabinet of Ministers of the Republic of Uzbekistan;

organize the implementation of the privatization program;

determine the terms and methods of privatization of state property, if necessary, makes changes to them by publishing relevant information;

determine the starting price of the state-owned property to be put up for auction, except for putting it up for auction without announcing the starting price based on the methods of sale;

engage another appraisal organization to carry out the verification of reliability of the appraisal report in cases stipulated by the legislation;

define the requirements and criteria for participants based on the method of privatization of state property;

implement measures aimed at increasing the investment attractiveness of privatized state property;

organize the process of selling state-owned property in accordance with the chosen method of privatization, including involving the operator of the electronic trading platform (hereinafter referred to as the operator) based on the chosen method of privatization;

monitor the privatization processes in accordance with the concluded agreements;

participate in the process of privatization of state property, concludes an agreement with professional consultants in accordance with the established procedure.

The Authorized government body may also exercise other powers in accordance with the legislation.