Decree of the President of the Kyrgyz Republic on Measures Aimed at Introducing the Market of Land Use Rights and Creating a Market Lending System in Agriculture.

For the purpose of improving legal land relationships, introducing the market of land use rights and ensuring stable functioning thereof, and creating an efficient lending system in agriculture, the President orders a series of measures with respect to the sale and registration of land, and the sale of land rights deriving from the Agricultural Land Fund. A Committee for Sale Rights to Use Land Parcels of the Agricultural Land Redistribution Fund shall be created at the Ministry of Agriculture and Food. The rights to use land parcels from the Agricultural Land Fund shall be sold on the competitive basis and auctions, with providing preferential treatment for individuals in the jurisdiction of respective rural administrations (ail okmotu). Unsold rights to use land parcels of the Agricultural Land Fund shall be leased out to land users for one year. The Government shall lend government credits to agricultural goods producers via the Kyrgyz Agricultural Financial Corporation. Proceeds of sale of land rights shall be accredited to the accounts of this Corporation.

Amended by: Decree introducing amendments and addenda to the Decree of the President of the Kyrgyz Republic on Measures Aimed at Introducing the Market of Land Use Rights and Creating a Market Lending System in Agriculture of 25 November 1996. (1996-11-30)