The State Duma adopted in the first reading bills on the protection of Shared Construction Participants

22 May 2019, Wednesday

The deputies adopted in the first reading a bill that provides for the creation of regional funds for the completion of problem objects at the expense of the federal and regional budgets, as well as a compensation fund. The draft law proposes all road maps, all problem objects to be recorded in the appropriate registry in the unified information system of housing construction, so that these data are signed by the regional governors, and that the relevant supervisory authorities must fill in the information on all problem objects. Regions are given the opportunity to create special funds that will deal with the completion of problem objects. Funding for these funds will be provided from the federal budget, regional budgets, and it is also possible to raise additional money from these funds. At the same time, there is strict control over the targeted spending of allocated funds through the mechanism of compulsory bank support for all expenditure transactions of regional funds. The draft law also regulates the procedure for issuing compensation for those citizens whose homes fall into the category of problem objects and cannot be completed.

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