The Ministry of Finance has expressed the principle of the abolition of the use of state-owned public property in Article 34 of the Domestic Law, in order to facilitate the implementation of the practice.

The Ministry of Finance stated that Article 34 of the State-owned Property Law (hereinafter referred to as the Domestic Law) amended the second item on November 21, 107, and the state-owned public property was abolished, idle, underutilized or uneconomically used. The Ministry may notify the management machine to propose an activation plan for the period of time. If necessary, it may be approved to change to non-public property, and it shall be taken over by the State-owned Property Department of the Ministry and activated and applied according to law. The Ministry of Finance is responsible for the implementation of the practice. On February 1, 108, the principle of recognition of the provision was as follows:

1. The abolition of use: refers to one of the conditions specified in the first paragraph of Article 26 of the Implementing Regulations of the Domestic Law, including the original purpose. Or the purpose of the elimination of the business purpose, the abolition of the original use authority, the failure to use the agency, the failure to use the plan for the intended use or the purpose of the business for more than one year, the expiration of the original purpose, or other facts based on the facts.

Second, idle: refers to vacant unused.

3. Low-level utilization: It means that the above-ground building improvement has exceeded the durability period, has not exceeded the durability period, and the management and maintenance cost is too high or the building volume ratio is less than 50% of the legal floor area ratio.

4. Uneconomical use: refers to situations in which the cost of use is too high and the area is too large.

The Ministry of Finance further stated that the amendments to Article 34, Item 2 of the Domestic Law, gave the Ministry of the Ministry of Foreign Affairs the right to take back the above-mentioned state-owned public property, which is conducive to promoting the efficiency of the use of national assets.

Source: Ministry of Finance