The Committee on Finance and Banking recommends that the Parliament should reject the draft laws on amendments to several legislative acts of Ukraine (re termination of activity of State Land Bank)

Information Department of the Verkhovna Rada of Ukraine Secretariat
Published on 24 September 2013, at 13:52

The bill (Reg. No. 2425) suggests by amending the Land Code and the Law “On Banks and banking”, exclude a number of provisions, under which:

the Cabinet of Ministers has the right to form statutory capital of the State Land Bank at the cost of contributions in the form of land plots and transfer agricultural land plots of state ownership to the statutory capital of this bank;

the State Land Bank has the right to perform operations with land plots and property rights to land plots, according to Ukrainian legislation in the sphere of land relations and, according to its statute.

The Cabinet of Ministers deems the proposal to liquidate the State Land Bank to be inappropriate and unreasonable.

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