Article 15. Development of programs for the privatization of state-owned property

Programs for the privatization of state-owned property shall be developed by the Authorized government body and (or) its territorial administrations on the basis of proposals from state bodies and local public authorities, as well as individuals and non-governmental legal entities.

Programs for the privatization of state-owned property shall be formed by:

Authorized government body — programs for the privatization of republican property;

territorial administrations of the Authorized government body — programs for the privatization of municipal property.

State property, including state-owned property implemented under projects in accordance with international agreements, may be privatized directly at market value on the basis of acts of the President of the Republic of Uzbekistan adopted on the proposal of the Authorized government body.

In relation to municipal property, the territorial administrations of the authorized body shall form:

privatization programs for state institutions and state shares in the charter funds (authorized capital) of business societies, to be approved by the Jokargy Kenes of the Republic of Karakalpakstan and the Kengashes of people's deputies of regions and Tashkent city, respectively, in coordination with authorized state bodies as well as the Chairman of the Council of Ministers of the Republic of Karakalpakstan and the hokims of regions and Tashkent city;

real estate privatization programs approved by the Chairman of the Council of Ministers of the Republic of Karakalpakstan, the khokims of the regions and the city of Tashkent in coordination with the Jokargy Kenes of the Republic of Karakalpakstan, the Kengashes of People's Deputies of the regions and the city of Tashkent.

The privatization of state shares in the authorized capital of commercial banks shall be carried out considering the requirements of legislation on banks and banking activities.

The program for the privatization of state-owned property shall provide for the main goals and objectives of the privatization of state property, as well as a list of state-owned property subject to privatization.

One or more objects of state-owned property may be included in the program of privatization of state property.

On the basis of requests from the authorized body or its territorial administrations, as part of the development of a program for the privatization of state property, relevant organizations shall provide: