Bill on state property to be submitted

2015-09-29 17:21:36

Ulaanbaatar /MONTSAME/ The cabinet meeting on Monday discussed a draft law on state property and then decided to submit it to parliament, reflecting proposals from Ministers.

As of present, there are some 400 units of state properties which are divided into the ownership of state, province, the capital city, soum and district. According to the current law, owners are able to independently utilize or exploit their state properties.

By the draft law, the legislative body will maintain an authority to reform state-owned legal subjects. Furthermore, the government can reform or privatize state properties with permission of parliament, and Councils of provinces and the capital city can do the same with governmental permission.

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