Article 6. Competence of local executive bodies of regions, cities of republican significance, the capital, districts, cities of regional significance The Law on Equity Participation in Housing Construction

Home / RLA / Article 6. Competence of local executive bodies of regions, cities of republican significance, the capital, districts, cities of regional significance The Law on Equity Participation in Housing Construction

Article 6. Competence of local executive bodies of regions, cities of republican significance, the capital, districts, cities of regional significance The Law on Equity Participation in Housing Construction

Local executive bodies of regions, cities of republican significance, the capital, districts, cities of regional significance in the field of equity participation in housing construction:

1) carry out state regulation of the activities of participants in the construction of shared-equity facilities in housing construction in accordance with the legislation of the Republic of Kazakhstan on architectural, urban planning and construction activities;

2) issue permits to attract money from shareholders;

3) keep records of issued permits to attract money from shareholders;

4) on a quarterly basis, no later than the 15th day of the month following the reporting period, provide the authorized body with information on the permits issued to attract money from shareholders;

5) request from developers, authorized companies, engineering companies and a Single Operator the necessary materials and documents to monitor the progress of construction of shared-equity facilities in housing construction;

6) carry out state control and supervision in the field of equity participation in housing construction;

7) carry out interaction and cooperation with government agencies on issues within their competence;

8) interact with equity participants in housing construction;

9) keep records of agreements on equity participation in housing construction, as well as agreements on the assignment of claims under them;

10) exercise, in the interests of local government, other powers assigned to local executive bodies by the legislation of the Republic of Kazakhstan.

The Law of the Republic of Kazakhstan dated April 7, 2016 No. 486-V SAM.

This Law regulates public relations related to the activities of equity participation in the housing construction of apartment buildings by attracting money from individuals and (or) legal entities, and also establishes guarantees for the protection of the rights and legitimate interests of the parties to the agreement on equity participation in housing construction.

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Republic of Kazakhstan

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