Moratorium on Land Code certain provisions extended for 5 years
The Mazhilis Deputies approved the draft law On amendments and additions to the law of the Republic of Kazakhstan of June 30, 2016, On suspension of certain provisions of the Land Code of the Republic of Kazakhstan and enactment of the Law of the Republic of Kazakhstan of November 2, 2015, On amendments and additions to the Land Code of the Republic of Kazakhstan.
The draft law is designed to implement the presidential decree of August 18, 2016, adopted following the discussion of some land issues with public, wherefore the moratorium was adopted to extend the terms. The relevant bill was adopted recently, which provides the moratorium extension until December 31 this year, the Deputy Prime Minister � Minister of Agriculture Askar Myrzakhmetov said presenting the bill.
During the discussion in the course of Land Commission activities there were decided to establish a special fund, to introduce necessary changes, and to form the corresponding cadastral value of agricultural land.
Therefore, there is a need to come back. Our proposal, which was adopted in the course of Land Commission activities, was supported by the President; this draft law provides for the extension of moratorium for another 5 years, until December 31, 2021, he added.
According to the conclusion of the Mazhilis profile committee, the main purpose of the draft law is to extend the terms of entering into force the law of November 2, 2015, On amendments and additions to the Land Code of the Republic of Kazakhstan and the certain provisions of the Land Code until December 31, 2021, that relate to the right for temporary agricultural land use of the foreigners, stateless persons, foreign legal entities, as well as legal entities with the authorized capital share of foreigners, stateless persons, foreign legal entities more than 50%. As well as providing individuals and legal entities with private ownership of agricultural land owned by the state.
Source: Government of the Republic of Kazakhstan