Regulatory Alerts2023-05-03 | DOF 5687747Added
Decree Reforming Various Provisions of the General Law of National Assets
Reforms Articles 2, 27, 33, 50, 54 Bis, 84, 85, 104, and 118 of the General Law of National Assets to define administrative dependencies for federal real estate and establish a Federal and Parastatal Real Estate Assets Committee presided over by the Secretariat of Finance and Public Credit. Leasing contracts require budget availability and prior authorization, permitting financial leasing with purchase options that are mandatory unless the Secretariat determines otherwise, while sale proceeds must be concentrated in the Treasury of the Federation. Public bids for unsold properties proceed at 95% and 90% of the base value, decentralized organization properties may only be encumbered with express Federal Executive authorization, and the decree enters into force the day after its publication in the Official Gazette of the Federation.
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