NATIONAL ASSEMBLY PASSES IN THIRD READING LEGISLATIVE<br /> PACKAGE ON PROPERTY AKIENATION FOR PUBLIC AND STATE NEEDS<br />


NATIONAL ASSEMBLY PASSES IN THIRD READING LEGISLATIVE
PACKAGE ON PROPERTY AKIENATION FOR PUBLIC AND STATE NEEDS

  • 27-11-2006 16:27:00   | Armenia  |  Economy
YEREVAN, NOVEMBER 27, NOYAN TAPAN. At the special session on November 27, the RA National Assembly passed 21 draft laws and legislative packages discussed on the last day of the previous four-day session. The legislative package on the alienation of state property for state and public needs was passed in full in 3rd reading with 70 votes in favor and two abstentions. Besides the draft law of the same name, it also includes some draft laws on making amendments to the RA Land and Civil Codes. The representatives of the opposition factions - Justice, National Unity and Orinats Yerkir, as well as some independent deputies did not participate in the vote. The Secretary of the Justice faction Grigor Harutyunian told NT correspondent that after the RA president ratifies the law passed by the National Assembly, the opposition will apply to the RA Constitutional Court to dispute the law's constitutionality. To recap, in accordance with the passed draft law, property is alienated for public and state needs only if the government recognizes the purpose of the alienation as a superior public interest. Property may be alienated in favor of the state, community or organization. The property owner is paid a sum exceeding 15% of the market value of the property alienated.
  -   Economy