Article 16. Preparation of state-owned property for privatization

The Authorized government body or its territorial administrations, based on the program of privatization of state property, shall develop, approve and amend the Roadmap of Privatization of State-Owned Property.

The Roadmap of Privatization of State-Owned Property shall include the conditions, stages of privatization of state property, assessment processes of privatized state property, the timing of privatization of state property, information that is provided about the state real estate object, and other information.

The implementation of the measures provided for in the Roadmap for the privatization of state-owned property shall be mandatory for responsible performers. At the same time, the Authorized government body or its territorial administration shall send the Roadmap of Privatization of State-Owned Property to the responsible executors within three working days from the date of its approval.

The Roadmap of Privatization of State-Owned Property, the privatization of which is carried out by the decision of the Jokargy Kenes of the Republic of Karakalpakstan, the Kengashes of People's Deputies of the regions and the city of Tashkent, or the Chairman of the Council of Ministers of the Republic of Karakalpakstan, the khokims of the regions and the city of Tashkent, respectively, shall be approved by the territorial departments of the Authorized government body.

The preparation of state-owned property for privatization shall be organized by the Authorized government body or its territorial administrations.

The preparation for the privatization of state-owned property shall include determining the composition of state property, conducting an inventory, assessment (examination of the reliability of the assessment report), including measures aimed at increasing its investment attractiveness.

In order to prepare a business society with a state share in its charter fund (authorized capital) or a state institution for privatization, funds of an extra-budgetary state trust fund (hereinafter referred to as the Fund) formed without creating a legal entity under the authorized state body may be directed towards increasing attractiveness and eliminating problematic situations.

The head of a legal entity (the balance holder of a state real estate object) shall submits the following documents to the preparing state-owned property for privatization: