Federal Law No. 123-FZ of 1997 "On privatisation of state property and basic principles of privatisation of municipal property".
This Law establishes organizational and legal bases for the transformation of property relations through privatisation of state and municipal property for the purpose of increasing efficiency of national economy and its social orientation, improving balance of payment of the Russian Federation, carrying out protectionism as regards national commodity producers. The document consists of III Sections that contain 31 Articles. Section I lays down the general provisions. Section II regards the modalities and methods of carrying out privatisation of state and municipal property.