Regulatory Alerts2023-01-01
Law on State Property of Montenegro
Promulgated by President Filip Vujanović in March 2009, this Law regulates the use, management, and disposal of state and municipal property in Montenegro. It defines the scope of state assets, including natural wealth and goods in general use, while establishing the Government and competent authorities as the primary entities responsible for exercising ownership rights. The legislation mandates transparent and cost-effective management practices, assigns specific responsibilities to heads of state authorities, and dictates that proceeds from property sales be reinvested in infrastructure and structural reforms.
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