The Council of Ministers of the ARC approved the provisional rules of land auctions in the Palestinian Authority and requested the Republican Committee for Land Resources to begin preparations for the land auctions.
This is provided for the decision of the Council of Ministers of the ARC (№ 267) on July 6, 2010.
Under the interim rules, information about the auction posted on the official web portal of the Council of Ministers of the ARC and in the newspaper Izvestia Crimean no later than 30 days before the auction. A person wishing to participate in the auction, pay the guarantee and registration fees for each lot that interested him. "This auction was withdrawn from sale, if interest by only one bidder," - the document says.
According to sales lot shall not earlier than one step of the auction, and the step size depends on the starting price of the land or lease rights to it. Thus, at starting value of the lot up to 1 million hryvnia step size is 10 thousand hryvnia, and at a starting price of more than 5 million hryvnia - 100 thousand hryvnia.
"The winner of the auction is party to, accepted or offered the highest price", - stated in the provisional rules.
"The results of the auction houses within 30 days after approval of the protocol of trading on the official web portal of the Council of Ministers of the ARC and in the Crimean newspaper Izvestia," - the document says.
As previously reported, the Council of Ministers of the ARC intends during 2010 to ensure the completion of income of the Authority by 259 million hryvnia from the sale of land and property auctions. In particular, only from the sale of land is expected before the end of the year 50-100 million hryvnia.