Ministerial Decree No. 1272 of 1993 regarding validation of the Regulation on the modalities of carrying out land tenders, land auctions and other land transactions.
The Government decrees to validate the Regulation. Regional executive authorities must fix maximum size ceilings of the plots of land for various purposes that can be owned by a single physical or juridical person. The fixed size ceilings cannot be smaller than standard size ceilings for the plots of land currently in force. This Regulation establishes the modalities of carrying out land tenders, land auctions and other land transactions for the cases envisaged by the legislation currently in force.