Terms of alienation of private land for public purposes may change

16.05.2011 17:08
Property News | Terms of alienation of private land for public purposes may change Opportunity to carry out the court eminent domain for reasons of social necessity of land and other facilities located on its territory, it is proposed to consolidate the legislative level. Alienation will be in favor of persons who hold licenses for subsoil use, subject to prior and full recovery of the cost of the alienated property, the League wrote.

As reported by Information Office of the Verkhovna Rada of Ukraine, such rules provide N8260 bill on amendments to some legislative acts of Ukraine concerning the alienation of land held in private property for public purposes or for reasons of social necessity. The document supported the committee on justice.

Related article: President of Ukraine extended the moratorium on sale of farmland until 2013

At the meeting, committee members noted that the bill is aimed at improving the provisions of the Law "On the alienation of land and other immovable property, placed them on private property for public purposes or for reasons of social necessity."

The Committee believes that adoption of the document will create the necessary legal framework in the relations of alienation of land will enhance the legal protection of the interests of their owners and the state. This will also ensure the implementation of projects of national significance and will help overcome the global economic crisis in Ukraine, they say.

We remind the President of Ukraine Viktor Yanukovych demands that laws on the land market by the end of the first half.

LigaBusinessInform
Content tags: land Legislation
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