The Saeima has adopted and the President issued the following law: amendments to the law "on State and municipal property privatisation" of objects to make the law "on State and municipal property privatisation" of objects (the Saeima of the Republic of Latvia and the Cabinet of Ministers rapporteur, 1994, nr. 6, 14; 1996; 1997, no. 23, no. 15; 1998, nr. 9; 1999, no 8, 24) the following amendments: 1. Express referred to in (I) the term "State or municipal property object" and the explanation follows : "the State or municipal property object: business, company, this company, the company's assets in real estate or real estate, or part of the capital, which is the property of the State or municipality."
2. Turn off the seventh paragraph of article 3.
3. To make article 4, fourth subparagraph by the following: "4. If the privatizējam object is a separate property, the buyer of this object can also be national or local, State or municipal enterprises, State or municipality, which incorporated companies incorporated companies in private equity share capital not to exceed 25 percent, as well as other national or local legal entities."
4. Supplement article 7 to sixth by the following: "6. the decision on the liquidation of the privatisation Agency, the Cabinet of Ministers adopted to the issue of the order. The privatisation Agency's liquidation is carried out by the Commission three of the liquidation, the liquidator after privatisation agency State Governors appointed by the Cabinet of Ministers on a proposal. The Cabinet of Ministers may at any time cancel the liquidator or suspended from duty entrusted to him. "
5. Supplement article 11 with the fifth subparagraph by the following: "5. the privatisation Agency in the event of liquidation of the winding-up of the estimate of expenditure by the State privatisation agency Governors approved the proposal and amendments made to the Cabinet of Ministers. The financing of the expenses of liquidation can also be used in the third paragraph of this article, the proposed reserve fund. "
6. Supplement to part III, Chapter 1.1 the following: "Chapter 1.1. The privatisation Agency's dissolution and liquidation article 11.1. The privatisation Agency's liquidators restrictions 1. Privatisation Agency of the liquidator may not be the person who, on the day when a decision on the privatisation of the termination of the Agency, or in the last year has been in the composition of the Management Board of the privatisation Agency.
2. the liquidator in the privatisation agency can only make pedagogical, scientific or other creative work with the Governors of the national privatisation Agency's permission.
3. the liquidation Commission appointed the members of the Board of the privatisation Agency and the Director-General the power to terminate.
11.2 article. The privatisation agency wound up financing the expenditure estimate 1. Privatisation Agency wound up financing the costs of liquidation Commission shall prepare them.
2. the expenses of liquidation of the privatisation Agency for financing them after privatisation Agency National Governors approved the proposal and amendments made to the Cabinet of Ministers.
3. Article 11 of this law is provided for in the third paragraph, the reserve fund can also be used to finance the expenses of liquidation.
11.3 article. The winding-up Commission 1. Liquidation Commission the privatisation Agency to eliminate the law "on business" and the law "on joint stock companies" in the order, in so far as this law provides otherwise.
2. the liquidation Commission shall elect from among its members a Chairman who organized the salvage work of the Commission.
3. the liquidation Commission all decisions are collegiate. The winding-up Commission be convened by the President of the Commission.
4. the liquidation Commission shall be valid if at least two meeting of liquidators, and takes its decisions by a simple majority. Votes by a similar decision is not adopted. If the liquidator does not agree with the Commission's decision of liquidation and shall vote against it, he is not responsible for the decisions taken. His different recordable the minutes of the hearing.
5. the Liquidation Commission of the Cabinet of Ministers within the report about its activities, but also on completion of the review of all the activities carried out at the time of liquidation. "
7. transitional provisions be supplemented with 4-paragraph 8 by the following: "4. the term" State or municipal property object ", as well as the new version of the amendment of article 3 of the law in the seventh paragraph and article 4, fourth paragraph (on real estate privatisation) does not apply to real estate privatization, which the Cabinet of Ministers passed the privatization of up to date when it ordered the liquidation of the privatisation Agency.
5. for the purposes of this Act the privatisation Agency functions of the Cabinet of Ministers are entitled to other institutions.
6. the cabinet order for the liquidation of the privatisation agency can issue only after the transition provisions of this law provided for in paragraph 5 of the privatisation Agency for the transfer of the functions of the other institutions.
7. the following statutory functions of the privatisation agency transfers to other institutions prepared by the privatisation Agency and the relevant institutions in the case of acceptance and signed certificate.
8. The Cabinet of Ministers shall adopt the necessary amendments to the privatisation agency Charter. "
The Parliament adopted the law of 2002 on January 31.
State v. President Vaira Vīķe-Freiberga in Riga 2002, 19 February, the Editorial Note: the law shall enter into force on 5 March 2002.