The Law of the Republic of Kazakhstan on Concessions
The Law of the Republic of Kazakhstan on Concessions
The Law determines legal conditions for concessions, and regulates public relations arising in the process of entering into and fulfilling concession agreements.
Chapter 1. GENERAL PROVISIONS
Article 1. Main Concepts Used in the Law
The Law uses the following concepts:
1) An authorized government body for budget execution – a central executive body implementing functions in the sphere of budget execution, maintaining budget accounting and reporting for the Republican Budget execution and within its competence - local government budgets execution;
2) A concedent – the Republic of Kazakhstan on behalf of which the Republic of Kazakhstan central government or a local government, as well as government bodies authorized by them to enter into concession agreements, act.
3) A concessionaire – a legal entity (except state enterprises and government institutions) which has the rights for a concession object in line with a concession agreement;
4) A concession – a transfer under a concession agreement of state property objects for temporary ownership and use for the purpose of their improvement and efficient running, and rights to construct new objects at the expense of a concessionaire providing the latter the right of ownership, use and management or without this right, subject to mandatory financing of the construction by the concessionaire and further transfer of the facilities constructed to the government;
5) A concession competition organizer (hereinafter a competition organizer) – a government body implementing a concession competition;
6) A concession object – existing state property objects and objects which will arise in the future as a result of concession agreement conditions implementation;
7) A concession agreement – a written agreement between a concedent and concessionaire, determining rights, liabilities and responsibilities of parties and concession implementation
The Law determines legal conditions for concessions, and regulates public relations arising in the process of entering into and fulfilling concession agreements.
Chapter 1. GENERAL PROVISIONS
Article 1. Main Concepts Used in the Law
The Law uses the following concepts:
1) An authorized government body for budget execution – a central executive body implementing functions in the sphere of budget execution, maintaining budget accounting and reporting for the Republican Budget execution and within its competence - local government budgets execution;
2) A concedent – the Republic of Kazakhstan on behalf of which the Republic of Kazakhstan central government or a local government, as well as government bodies authorized by them to enter into concession agreements, act.
3) A concessionaire – a legal entity (except state enterprises and government institutions) which has the rights for a concession object in line with a concession agreement;
4) A concession – a transfer under a concession agreement of state property objects for temporary ownership and use for the purpose of their improvement and efficient running, and rights to construct new objects at the expense of a concessionaire providing the latter the right of ownership, use and management or without this right, subject to mandatory financing of the construction by the concessionaire and further transfer of the facilities constructed to the government;
5) A concession competition organizer (hereinafter a competition organizer) – a government body implementing a concession competition;
6) A concession object – existing state property objects and objects which will arise in the future as a result of concession agreement conditions implementation;
7) A concession agreement – a written agreement between a concedent and concessionaire, determining rights, liabilities and responsibilities of parties and concession implementation