The aim of this Law is to define the basic concepts and procedures for the privatisation of property in Moldova. All branches of the country's economic, cultural and social sectors are open to privatisation, except national defence, cultural heritage, state monopolies and property which supplies part of the "state-guaranteed minimun free social services" (art. 2). Funds obtained from privatisation go to form the "Republic Privatization Fund" (art. 6). The Moldova State Department for Privatisation, a special agency accountable to the Parliament, is created (art. 7).