#ARMF1804062ADecree of February 27, 2018, for the Application of Article L. 3212-2 of the General Code of Public Property
AI-generated summary for informational purposes only. Not legal advice. See the original source for the authoritative text.
This law sets an annual cap on the value of movable property that the French Ministry of Defense can transfer for free to foreign states. The ceiling is established at 50 million euros. The law also mandates the publication of this decree in the official Journal of the French Republic, ensuring transparency and official acknowledgment of the limit imposed.
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Key Changes
- Establishes a monetary cap of 50 million euros for the annual transfer of movable assets to foreign governments.
- Formalizes the process of transferring assets by requiring publication in the official government journal.
- Clarifies the conditions under which the Ministry of Defense can offer properties to foreign states.
Obligations
What this law requires
Maintain an annual cap of €50,000,000 on the total value of movable property that the Ministry of Defense may transfer for free to foreign states
Publish this decree in the Journal officiel de la République française
Ensure that any transfers of movable property to foreign states do not exceed the €50,000,000 annual ceiling in aggregate value