North Kazakhstan Department of State Property and Privatization of the Committee for State Property and Privatization of the Ministry of Finance of the Republic of Kazakhstan

The Department's functions include:

1) coordinating the transfer of property assigned to republican legal entities, with the exception of the transfer of property of republican state institutions that are central government bodies, and state-owned enterprises;

2) approving separation, interim liquidation, and liquidation balance sheets, as well as transfer deeds during the reorganization and liquidation of territorial subdivisions of central executive bodies;

3) providing republican property for lease (rental), or trust management to individuals and non-state legal entities without the right of subsequent redemption, with the right of subsequent redemption, or the right of subsequent transfer to small business entities free of charge, with the exception of decisions on the transfer of property assigned to republican state-owned enterprises into trust management;

4) If the privatization property contains material assets from the state material reserve, notify the authorized body in charge of the state material reserve and the relevant central executive bodies within five business days of the decision to sell, so that they can decide on the further placement of these material assets prior to the privatization of the property;

5) Implement the privatization of state property, as well as enterprises as a property complex that are not natural monopolies or market entities holding a dominant or monopolistic position in the market; ensure the safety of state property during the preparation of the property for privatization; engage an intermediary to organize the privatization process; ensure the valuation of the privatization property; prepare and conclude purchase and sale agreements for the privatization property; and monitor compliance with the terms of the purchase and sale agreements;

6) preparing and submitting, at the buyer's request, information on encumbrances on privatization objects, as well as the amount of accounts payable and receivable, and contracts concluded by the privatized enterprise, if the privatization object is an enterprise as a property complex;

7) representing the interests of the state on matters of national property and protecting property rights belonging to the Republic of Kazakhstan;

8) participating in state property monitoring in economic sectors of strategic importance, in accordance with the Law of the Republic of Kazakhstan dated November 4, 2003, "On State Property Monitoring in Economic Sectors of Strategic Importance";

9) participating in monitoring objects of monitoring based on key production, technical, technological, financial, economic, legal, and other parameters in order to analyze ongoing changes and forecast the development of productive forces in economic sectors of strategic importance;

10) collecting income from the lease of property owned by the republic into the national budget;

11) participation in the acceptance of facilities created under concession agreements and public-private partnerships into republican ownership;

12) monitoring the intended use of state property at least once every three years and the seizure of excess, unused, or improperly used property in relation to republican property;

13) concluding gift agreements, signing and approving acceptance certificates for the property of non-state legal entities and individuals;

14) Maintaining records of property, the rights to which were acquired by the state under a gift agreement, by entering information about it in the state property register;

15) Carrying out, with the consent of the authorized body of the relevant industry, the seizure or redistribution of property transferred to a territorial government body or institution;

16) Carrying out the seizure of excess, unused, or improperly used property of territorial government bodies and institutions, identified as a result of monitoring the intended use of state property, after six months from the date of monitoring without the consent of the authorized body of the relevant industry;

17) Engaging experts, as well as consulting, appraisal, audit, and other organizations in monitoring the execution of a sale and purchase agreement, including one that has expired;

18) Monitoring the intended and effective use of state property;

19) Notifying the managers of the monitoring facility about the inspection, specifying the persons assigned to conduct it and the list of information to be provided for review;

20) Exercising powers to transfer the property of territorial government bodies and institutions for use;

21) Organizing the accounting, storage, evaluation, and subsequent use of property transferred (received) to republican ownership on certain grounds;

22) Participating in the coordination of state property monitoring activities;

23) Requesting and obtaining information on the subject of state property monitoring necessary for a reliable and objective analysis;

24) Involving representatives of the central and local executive bodies of the Republic of Kazakhstan in the direct inspection of monitoring facilities and the collection and analysis of information related to the subject of state property monitoring;

25) Requesting and obtaining documents and information necessary for state property monitoring from the central and local executive bodies of the Republic of Kazakhstan, as well as monitoring facilities, 26) participation in the development of regulatory legal acts on issues within the Committee's purview, with the exception of regulatory legal acts affecting human and civil rights and freedoms;

27) performance of other functions stipulated by the legislation of the Republic of Kazakhstan.