Resource information
This Regulation consist of 3 Chapters divided into 19 articles and it provides for the auction of land use rights in order to assign land with the collection of land use levies or to lease land. Article 3 specifies cases entitled to land assignment or land lease through auction. Conditions on land plots which have to be auctioned and conditions to participate to auctions are described in articles 5 and 6. Chapter II deals with the following matters: setting up of auction councils and organization of auctions; registration for participating in auctions, reserve prices and bid levels; consideration and approval of the auction results; assignment of land, grant of land use right certificates to auction winners; interests and responsibilities of auction winners; and, payment, accounting and management of proceeds from auctions. Article 16 and 17 describe the responsibilities of state bodies and the handling of violations.
