Education Law of the Republic of Azerbaijan

Chapter IV

Educational economy

 

Article 37. Property relations in the system of education

 

37.1. The property of an educational institution consists of the property provided to it for ownership or permanent use by the state, municipality, founders (trustees), legal entities and individuals, as well as the assets and intellectual property products obtained through its activities permitted by the law.

37.2. The founder of an educational institution provides the educational institution with land lot, building and fittings, equipment, education, production, social, cultural, medical, welfare and sports infrastructure, other assets and material-technical infrastructure.

37.3. An educational institution bears responsibility for the upkeep, preservation and efficient use of the property under its ownership and use. The activities of an educational institution with regard to management of the property are overseen by the founder or their legally authorized representative.

37.4. The enhancement and expansion of the material-technical infrastructure of a public educational institution is carried out using the state budget allocations and funds outside the budget.

37.5. An educational institution may obtain movable property and real estate, including buildings, equipment, new technologies, transportation vehicles and etc. as a result of providing services (teaching, scientific-research, consulting, treatment-prophylactic and other).

37.6. The privatization of public educational institutions (with the exception of institutions for pre-school education) is prohibited.

37.7. The property obtained by a public educational institution on its own funds becomes its property in accordance with the legislation.

37.8. The restitution of property allocated to an educational institution is carried out in accordance with the legislation.

37.9. An educational institution’s bankruptcy proceedings are carried out in accordance with the legislation.