On July 18, 2019, the State Duma adopted and on July 23, 2019 the Federation Council approved by the Federal Law “On Amending the Federal Law “On Territories of Advance Social and Economic Development in the Russian Federation ”and certain legislative acts of the Russian Federation”
This law is aimed at improving the conditions for entrepreneurial and investment activities in the territories of advanced social and economic development (ASE).
According to the Federal Law, water bodies can be included in the boundaries of the ASE. The law also determines the procedure for creating or changing the boundaries of the ASE, into whose borders it is supposed to include the water body of the water body, including the procedure for establishing such boundaries. At the same time, it is stipulated that the residents of ASE acquire the right to use water bodies or their parts in accordance with the Water Code of the Russian Federation and other federal laws.
In addition, the law clarifies certain provisions of the Federal Law “On Territories of Advance Social and Economic Development in the Russian Federation”. Thus, according to the Federal Law, the special legal regime for entrepreneurial and other activities in the ASE is not provided to organizations engaged in oil production, production of natural gas and (or) gas condensate, timber harvesting and their implementation, as well as banking, insurance or clearing activities, organizations, being professional participants in the securities market or non-state pension funds. In addition, the Federal Law clarifies certain rules of the aforementioned Federal Law relating to the creation and management of ASEs, including in the territories of single-industry municipalities (single-industry towns), the legal status of ASE residents and the specifics of their activities, features of state control (supervision) and municipal control on the ASE.