"A special date for the entry into force of the bill is envisaged - from January 1, 2022"
The Russian government plans to combine funds for housing and communal services and protection of the rights of equity holders. The bill submitted to the State Duma of the Russian Federation envisages the creation of a public-law company "Territorial Development Fund".
The Territorial Development Fund will become the legal successor of these organizations and the functions they perform, therefore it will inherit the functions of two institutions at once.
“The considered merger of legal entities should be carried out from the beginning of the next financial year. In this regard, a special date is provided for the entry into force of the bill - from January 1, 2022, with the exception of certain provisions related to the creation and legal status of the "Territorial Development Fund", - is specified in the explanatory note to the document.