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This Federal Law regulates relations originating from creation of artificial land plots on waterbodies pertaining to federal property. Artificially created land plot can adjoin existing land plots or be separated therefrom. Initiators of creation of artificial land plots can be federal executive bodies, regional executive bodies, local self-government, natural persons, including individual entrepreneurs, and legal persons. Authorization for creation of artificial land plot shall be granted by the Government, authorized federal executive body and regional executive body. Creation of artificial land plots shall be regulated by contract concluded between the initiator and state body or local self-government. Artificial land plot can be owned by natural person if such plot was created in accordance with contract, except for concession contracts.