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The draft federal constitutional law has been drafted in accordance with part 2 of article 65 of the Russian Federation Constitution, article 12 of the Federal Constitutional Law “On Procedures for the Formation and Approval of New Regions within the Russian Federation” and the results of the referendums held on April 17, 2005, in Krasnoyarsk Region, Taimyr (Dolgan-Nenets) Autonomous District and Evenkia Autonomous District on the question of their merger and formation of a new region within the Russian Federation.

The draft law sets out the main conditions, procedures and timetable for the formation of the new region within the Russian Federation, its designation, status and borders, the date by which Krasnoyarsk Region, Taimyr (Dolgan-Nenets) and Evenkia Autonomous Districts will cease their existence

The new region shall be considered to have been formed as from January 1, 2007 and from this date Krasnoyarsk Region, Taimyr (Dolgan-Nenets) and Evenkia Autonomous Districts shall cease existence (articles 1 and 4 of the draft law).

The new region shall have the status of Region (krai) and shall be known as Krasnoyarsk Region (Krai). Its borders shall correspond to the current borders of Krasnoyarsk Region and shall also cover the territories of the two autonomous districts it is to merge with (articles 2 and 3 of the draft law).

The draft law provides for a transition period for the new region’s formation from January 1 and to no later than December 31, 2007 (article 7 of the draft law).

Formation of the new region’s bodies of state power should be completed during the indicated transition period. Elections to the new region’s legislative (representative) body, the Legislative Assembly, are to take place on April 15, 2007, and no later than 35 days following completion of the assembly’s formation, the President of the Russian Federation shall nominate a candidate for the post of first governor of the new region (article 11 of the draft law).

The draft law sets out the procedures for drawing up and approving the new region’s budgets for 2007–2008 (article 14), its financial support for 2006–2008 from the federal budget (article 15), procedures for the functioning of state bodies and organisation of the krai and the autonomous districts until the transition period is complete (articles 8 and 9), procedures for the functioning of the territorial organs of the state executive bodies of power (article 16), the federal courts on the new region’s territory (article 18) legal succession of the new region, including with regard to property of the krai and the autonomous districts (article 6), and procedures for the application of laws and other normative legal acts passed by the krai and the autonomous districts in the new region’s territory and their correlation.

The draft law also regulates the organisational specificities of local government on the territory of the new region (article 17) and other issues connected to its formation.

The formation, approval and execution of the new region’s budget shall be carried out in accordance with the budget legislation of the Russian Federation, Krasnoyarsk Region and (or) with that of the new region. The new region shall receive, until 2008 inclusively, financial support from the federal budget to a total of not less than the level of federal budget support allocated in 2005 to Krasnoyarsk Region, Taimyr (Dolgan-Nenets) and Evenkia Autonomous Districts (articles 14 and 15 of the draft law).

Adoption of the present federal constitutional law does not require the allocation of additional funds from the federal budget.