This Law amends and adds some provisions to the Law on property rights (Official Gazette of the Republic of Srpska 124/2008, 58/2009 and 95/2011).Major changes are as follows: (article 346) related to the legal interaction with the principles and provisions of the Law on cadaster; (article 348) immovable property owned by the Republic and/or local self-government units may be alienated below the market price or free of charge and for the realization of an investment project of particular importance for regional or local economic development; (added article 348a) in order to overcome the consequences of elemental disasters and the housing care of the endangered population, the immovable property of the Republic or of the local self-government unit may be subject to the free of charge right of construction.
Amends: Law on property rights. (2008-11-25)
Authors and Publishers
Bosnia and Herzegovina declared sovereignty in October 1991 and independence from the former Yugoslavia on 3 March 1992 after a referendum boycotted by ethnic Serbs. The Bosnian Serbs - supported by neighboring Serbia and Montenegro - responded with armed resistance aimed at partitioning the republic along ethnic lines and joining Serb-held areas to form a "Greater Serbia." In March 1994, Bosniaks and Croats reduced the number of warring factions from three to two by signing an agreement creating a joint Bosniak-Croat Federation of Bosnia and Herzegovina.