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    **On Approval of the Procedure for Transfer of State and Communal Property Under the Right of Usufruct of State or Communal Property, and Monitoring the Use of Such Property**

    Good day! I will gladly help you understand this resolution.

    1. **Essence of the law:** This resolution defines how state and communal property can be transferred for use (usufruct) to various organizations, and also establishes rules for monitoring how this property is used. In simple terms, this is an instruction on how to transfer state property for temporary use and to ensure that it is used for its intended purpose.

    2. **Structure and main provisions:**
    * The resolution approves the Procedure for transferring property into usufruct and controlling its use.
    * Terms and definitions are established, in particular, who can be a usufructuary (that is, the one who receives the property for use).
    * The procedure for submitting proposals for obtaining property in usufruct, a list of necessary documents, is described.
    * The grounds for refusing the transfer of property into usufruct are determined.
    * The conditions of possession and use of property, as well as the grounds for termination of the right of usufruct, are regulated.
    * The procedure for controlling the use of property is established, including the submission of reports by the usufructuary.
    * The Annex to the Procedure contains a form for reporting on the use of property.

    3. **Key provisions for use:**
    * **Who can get property in usufruct:** Government bodies, state organizations, as well as legal entities where the state or community is the sole founder, or owns more than 50% in the authorized capital.
    * **Procedure:** An interested party submits a proposal with a package of documents, including a feasibility study.
    * **Term of usufruct:** It can be set for 5 years or indefinitely.
    * **Control:** The usufructuary is obliged to report annually on the use of property.
    * **Grounds for refusal:** The property is needed by the governing body itself, it has already been transferred into usufruct, or there is a decision on its privatization.
    * **** It is important to note that this Procedure does not apply to property transferred to “Ukrainian Defense Industry” and some other strategic enterprises.

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