LAW N° 50/2008 OF 09/09/2008 DETERMINING THE PROCEDURE FOR DISPOSAL OF STATE PRIVATE ASSETS | 50/2008 OF 09/09/2008 — Rwanda law | Esheria

LAW N° 50/2008 OF 09/09/2008 DETERMINING THE PROCEDURE FOR DISPOSAL OF STATE PRIVATE ASSETS

This article says the law sets the procedure for disposing of State private assets, and it does not apply to certain State assets handled under Law n° 2/1996.

AI-assisted research synopsis — verify against the official legal text below.

Jurisdiction
Rwanda
Instrument
Act or statute
Citation
50/2008 OF 09/09/2008
Status
In force
Version
Undated source snapshot
Language
mul
Updated
Official source
View official record ↗
asset allocation asset disposal asset management asset sale asset sale proceeds asset sales asset valuation budget management budget process budgeting commencement committee governance definitions exchange of assets government administration government approvals government asset management government property management payment arrangements pricing threshold privatisation exception public accounting public asset disposal public auction +12 more

Statute overview

About this statute

This article says the law sets the procedure for disposing of State private assets, and it does not apply to certain State assets handled under Law n° 2/1996. This article defines key terms used in the instrument, including public institutions, state assets, movable assets, immovable assets, disposal of assets, and state private assets. This article says the law applies to certain private movable and immovable property held by State institutions, and it does not apply to government land, lakes, rivers, national parks, or natural forests. Public institutions may sell, donate, or destroy their private assets, but only as allowed by this Law. The chief budget manager of a public institution must prepare a list of assets to be disposed of and show each asset’s condition and value.