REPUBLIC OF LITHUANIA                                     
                               Law                                              
                               on                                               
                        the Associations                                        
                    of Multi-Family Apartment                                   
                          House Owners                                          
                                                                                
                                                                                
                      I. GENERAL PROVISIONS                                     
                                                                                
     Article 1. Definitions                                                     
     As used in the Law:                                                        
     premises means  residential premises (apartments, rooms) and               
premises used  for non-residential  purposes (workshops, offices,               
shops, shelters, warehouses, etc.);                                             
     communal-use premises  means premises  that  have  not  been               
assigned to  individual  owners  (corridors,  stairways,  attics,               
basements, semi-basements)  which have no direct functional links               
with the premises of individual owners;                                         
     communal-use engineering facilities include water and sewage               
pipes, gas  main and  hot-water system  up to the fittings in the               
premises of  communal  use  and  in  the  premises  belonging  to               
individual   owners,    electricity   meter   cupboards,   lifts,               
ventilating chambers,  collective TV antennae, boiler rooms, hot-               
water heating facilities, boiler houses, etc.;                                  
communal-use  house  structures  include  the  principal  bearing               
structures (foundation,  walls, floors  and ceilings)  and  other               
structures (roofs, joint balconies, loggias);                                   
     house  means   a  separate   building  connected   by  joint               
engineering facilities  extending from the foundation to the roof               
and communal-use  premises, and  to which a land lot either is or               
must be allotted.                                                               
                                                                                
     Article 2. Purpose of the Law                                              
     The Law  shall regulate  the activities  of associations  of               
multi-family apartment  house  owners  which  hold  the  property               
belonging to them by the right of common ownership.                             
                                                                                
     Article 3. The Association of Multi-Family Apartment                       
               House Owners and its Status                                      
     The association of multi-family apartment house owners shall               
constitute a  method of  holding property  which belongs  to  the               
owners in  multi-family housing by the right of common ownership.               
The association  shall consist  of no  less than three natural or               
legal, natural  and legal  persons who  are the  owners of  house               
premises.                                                                       
     The association shall be a legal person.                                   
     The legal  status of  the association  shall be regulated by               
this Law.  and other  laws, legal acts and the regulations of the               
association. Model  regulations of associations shall be approved               
by the Government of the Republic of Lithuania.                                 
                                                                                
     Article 4. The Purpose of Establishing Associations                        
The owners  of residential  use and  non-residential use premises               
shall establish  associations of  multi-family housing owners for               
the purposes  of maintenance,  repairs and  other management  and               
exploitation of  the common  house premises,  common  engineering               
facilities, common  house constructions, and for keeping in order               
the exterior  property area (the allotted land plot), discharging               
common pecuniary  liabilities and  protecting other common rights               
and interests.                                                                  
                                                                                
              II. ESTABLISHMENT OF THE ASSOCIATION                              
                                                                                
     Article 5. Establishment of the Association                                
     The owners of apartments in multi-family apartment houses or               
the mayor  (board) of the municipality shall call meetings of the               
owners  for  the  establishment  of  the  association.  Only  one               
association  of   multi-family  apartment  house  owners  may  be               
established  per  one  or  several  houses  connected  by  common               
engineering facilities.                                                         
                                                                                
     Article 6. Constituent Meeting of the Association                          
     A constituent  meeting shall be called for the establishment               
of the  association. No  later than two weeks prior to the day of               
the meeting,  the initiative  group of  the association  founders               
shall notify in writing, the owners of the house premises and the               
mayor  (the  board)  of  the  municipality,  of  the  constituent               
meeting, announcing its agenda.                                                 
     The mayor  (the board) of the municipality must delegate his               
(its) authorised  representative and present the initiative group               
with the  list of  owners of house premises and the premises they               
own; the  form of the list shall be approved by the Government of               
the Republic of Lithuania.                                                      
     The constituent  meeting of  the association shall be deemed               
lawful, if  attended by  no less  than 1/2  of the owners. In the               
event that the stated number of owners fail to attend, within two               
weeks the  initiative group  of founders  shall have the right to               
call a  repeat meeting.  The repeat  meeting shall  be lawful  if               
attended by at least 1/4 but no fewer than 3 owners.                            
     The resolutions  of the  constituent meeting shall be lawful               
if more than a half of the owners present at the meeting voted in               
favour thereof. The meeting shall have the right to establish the               
association  of  the  multi-family  apartment  house  owners  and               
approve the regulations thereof.                                                
                                                                                
     Article 7. The Regulations of the Association                              
     The  regulations  of  the  association  shall  regulate  its               
activities, its  establishment, reorganisation  and  liquidation,               
the rights  and obligations  of  its  members,  the  election  of               
management and  control bodies,  the procedure for the collection               
of charges  established by  the association  and the  use of  the               
collected  money,   and  other   relations  connected   with  the               
activities of the association.                                                  
     The regulations of the association must state the following:               
     1) the  name of  the association  and  the  address  of  its               
location;                                                                       
     2) the objectives of its activities;                                       
     3) the  bodies management  and control  of the  association,               
their election procedure, rights and duties;                                    
     4) the procedure for calling meetings and voting at them;                  
     5)  the   procedure  for   the  payment   of  targeted   and               
accumulative contributions and payments related to the activities               
of the  association, the  procedure  for  assessing  non-monetary               
(property) contributions;                                                       
     6) the procedure of payment for public utilities;                          
     7) the  procedure of  accumulation and  use  of  association               
funds;                                                                          
     8) the  rights and  duties of the association members, their               
liability for the obligations of the association; and                           
     9) the  procedure of  the reorganisation  and liquidation of               
the association.                                                                
     Other provisions  which are  in compliance  with the laws of               
the  Republic  of  Lithuania  may  also  be  established  in  the               
regulations. The  provisions of  the regulations  that are not in               
compliance with this Law or model regulations shall not be valid.               
                                                                                
     Article 8. Registration of the Association Regulations                     
     The regulations  of the  association shall  be registered in               
the town (district) municipality in accordance with the procedure               
                                                                                
established by  the Government  of the Republic of Lithuania. The               
following documents shall be filed for registration:                            
     1)  application   concerning   the   registration   of   the               
association;                                                                    
     2) a copy of the minutes of the constituent meeting;                       
     3) the regulations; and                                                    
     4) the  list of  the owners  of premises and of the premises               
owned by them recorded in the established form.                                 
     Within one  month of  the filing  of the documents the mayor               
(the board)  of the municipality must register the regulations of               
the association  and issue  plans of  land plots  approved in the               
established manner  or notify  the founders of the association in               
writing of  the reasons  for refusing  to  register.  Refusal  to               
register the  regulations of  the association  may be appealed to               
the municipal  council or  court in accordance with the procedure               
established by the laws of the Republic of Lithuania.                           
     Upon registration  of the association regulations, a general               
meeting shall  be called for electing the board or the manager of               
the association and the auditing commission or the auditor.                     
     The regulations  of  the  association,  and  amendments  and               
supplements thereto  shall become  effective as  of  the  day  of               
registration. The association shall acquire the rights of a legal               
person as of the day of registration of the regulations.                        
     Associations (co-operatives) of apartment house maintenance,               
which were  established and  registered prior  to the coming into               
effect of  this Law  must, within 6 months of the day of approval               
in the  Government of  the Republic  of Lithuania  of  the  model               
regulations, amend  and supplement  their respective  regulations               
and  file   them  with   mayor  (board)   of  the   municipality.               
Associations (co-operatives)  which fail  to file regulations for               
re-registering within  the above time period shall be deprived of               
the rights of legal person.                                                     
                                                                                
     Article 9. The Rights and Obligations of the                               
               Association                                                      
     The association shall be entitled to:                                      
     1) engage in the activities provided for in the regulations;               
     2) have accounts with the banks of the Republic of Lithuania               
and foreign states;                                                             
     3) hold  and use  the property  belonging to  it and dispose               
thereof;                                                                        
     4) build or reconstruct in the established manner structures               
required for the needs of the association;                                      
     5) obtain credits; and                                                     
     6) unite  with other  associations or  be  reorganised  into               
smaller associations, establish unions of house, apartment owners               
or join said unions.                                                            
     The association  may also  have other rights provided for in               
the regulations  provided that said rights are in compliance with               
the laws of the Republic of Lithuania.                                          
     The association must:                                                      
     1) maintain  and repair houses, their engineering facilities               
and territory;                                                                  
     2) comply  with the rules and norms of technical maintenance               
of residential  use premises,  and fire  prevention, sanitary and               
environmental protection requirements;                                          
     3) pay  the charges  and dues  established by  law,  by  the               
appointed date; and,                                                            
     4) be answerable for its liabilities.                                      
     Upon re-registering its regulations the association shall be               
the successor  of the  rights,  obligations  and  liabilities  it               
formerly had.                                                                   
     The association may not be the founder of enterprises.                     
                                                                                
               III. MANAGEMENT OF THE ASSOCIATION                               
                                                                                
      Article 10. The Bodies of Association Management                          
     The bodies  of  the  association  management  shall  be  the               
meeting of  the association  members and  the board or manager of               
the association.                                                                
     The meeting  of the  association members  may determine  the               
quotas of  representation, elect  its authorised representatives,               
call a meeting of authorised representatives instead of a general               
meeting and delegate to it a part or all of its rights.                         
     Resolutions of the meeting of the association members and of               
the association  board  (manager)  on  the  issues  within  their               
competence shall be binding to all members of the association.                  
                                                                                
     Article 11. The Meeting of the Association Members                         
     The supreme  body of  association management  shall  be  the               
meeting of the association members which shall have the right to:               
     1) amend  and supplement  the regulations of the association               
taking into account the model regulations;                                      
     2) elect and remove from office the board or the manager and               
the auditing commission or the auditor;                                         
     3) determine the amount and procedure of remuneration of the               
board members (manager) for the work performed;                                 
     4) evaluate  the activities  of the association members, the               
annual report  and  the  conclusion  presented  by  the  auditing               
commission (auditor)  concerning the  financial activities of the               
association;                                                                    
     5) determine  the number  of the  staff and the procedure of               
remuneration for their work;                                                    
     6)  determine  the  amount  of  targeted  contributions  and               
contributions related  to the  activities of the association, the               
procedure of payment and use thereof;                                           
     7) establish  the procedure  of payment  by  the  owners  of               
residential  use   and  non-residential   use  premises  for  the               
maintenance of the building and public utilities;                               
     8)  adopt   decisions  concerning  the  disputed  issues  of               
membership in the association;                                                  
     9) resolve  issues concerning  the disposal  of the property               
and funds of the association;                                                   
     10) as necessary, invite experts for examining the financial               
activities;                                                                     
     11) set  the internal  regulations in apartment house of the               
association;                                                                    
     12) decide on the issues as regards the joining of unions by               
the  association  or  withdrawal  therefrom  as  well  as  issues               
concerning reorganisation of the association; and                               
     13) resolve  issues related  to the  association  activities               
entrusted to the board provided this is requested by the board.                 
                                                                                
     Article 12. The Procedure for Calling and Organising                       
               Meetings                                                         
     Meetings of  the association  members shall be called by the               
board  (manager)  of  the  association  in  accordance  with  the               
procedure established  in the  regulations but no less frequently               
than once per year. A meeting must also be called if requested by               
the auditing  commission (auditor)  or no  less than  1/4 of  the               
association members  (authorised  representatives).  The  members               
shall be  notified in  writing of the forthcoming meeting and its               
agenda shall be announced at the same time.                                     
     A meeting  of the  association members  shall be  considered               
lawful if  attended by  no less  than  half  of  the  association               
members and  the  meeting  of  authorised  representatives  -  if               
attended by  no less  than 2/3 of the authorised representatives.               
In the  event that  the required number of members fail to attend               
the meeting,  a repeat  meeting may  be called  within two weeks,               
which shall  be lawful  if attended  by no  less than  1/4 of the               
members or 1/2 of the authorised representatives.                               
                                                                                
     The resolutions  of the  meeting shall be lawful if voted in               
favour of  by more  than a  half  of  the  attending  association               
members (authorised representatives)..                                          
                                                                                
     Article 13. The Board of the Association or the Manager                    
     The board  of the  association or  the manager  shall be the               
managing body of the association, directing the activities of the               
association in the period between the meetings of the association               
members (authorised  representatives). The board shall be elected               
of no  less than  three board  members for a period not to exceed               
three years.  The number  of terms of office of the board members               
shall not  be limited. Employment contract shall not be concluded               
with the association board members (manager).                                   
     Meetings of the association board members shall be lawful if               
attended  by   no  less  than  2/3  of  the  board  members.  The               
resolutions of the board shall be lawful if voted in favour of by               
more than  a half  of the  board  members  participating  in  the               
meeting.                                                                        
     The association board members shall elect the chairperson of               
the board who shall organise the work of the board, represent the               
board and the association.                                                      
     The board  or  the  manager  of  the  association  shall  be               
subordinate to  the body  which elects them and shall perform all               
the functions assigned to them.                                                 
                                                                                
     Article 14. The Rights and Duties of the Association                       
               Board or Manager                                                 
     The board or manager of the association shall:                             
     1) implement the resolutions of the meeting;                               
     2) organise  maintenance of  the house  and its  engineering               
facilities, and the territory;                                                  
     3) conclude  contracts and  other transactions  on behalf of               
the  association,   announce  invitations   for  bids   for   the               
performance of contract works of larger scale;                                  
     4) employ and discharge employees;                                         
     5) draw  up plans  of the  association, build up its budget,               
prepare reports  and other  document related to the activities of               
the association;                                                                
     6) organise record keeping and maintenance of accounts;                    
     7) when  the building is maintained only with the own effort               
of the  association, determine  the expenditure  of labour of the               
association members  and their  family  members  a  well  as  the               
procedure   for    crediting   the    expenditure   against   the               
contributions.;                                                                 
     8) dispose,  in accordance with the documents adopted at the               
meeting of  the association members (authorised representatives),               
of the association funds held in its bank account;                              
     9) resolve other issues; and                                               
     10) be  answerable for the economic and financial activities               
of the association.                                                             
                                                                                
     Article 15. Inspection of the Activities of the                            
               Association                                                      
     The activities  of the association shall be inspected by the               
auditing commission  (auditor), the  number of  members of  which               
shall be  established and  which shall  be elected for the period               
not exceeding  3 years,  by the  meeting of  the members  of  the               
association. Members  of the  Association Board and persons which               
are related  to the  members of  the  Board  (manager)  by  close               
kinship or marriage may not serve on the auditing commission .                  
     Having received justified information about the shortcomings               
of the  activities  of  the  Board  (or  its  manager),  auditing               
commission  (auditor)   shall  have  the  right  to  inspect  the               
activities of  the Board  (or its  manager) at  any time.  If the               
violations are determined, the material shall be submitted to the               
general meeting for consideration.                                              
At  the  close  of  a  business  year,  the  auditing  commission               
(auditor) shall  conduct a thorough inspection of the activities,               
provide its  evaluation and  submit audit findings concerning the               
financial activities  of  the  association.  The  Board  (or  its               
manager)  must  present  to  the  auditing  commission  (auditor)               
explanations and necessary documents.                                           
State institutions shall be entitled to inspect the activities of               
the association in compliance with the established procedure.                   
                                                                                
     IV. MEMBERS OF THE ASSOCIATION, THEIR RIGHTS AND DUTIES                    
                                                                                
     Article 16. Members of the Association                                     
     Members of  the  association  are  owners  of  the  premises               
contained in the houses. Each owner shall be entitled to one vote               
in the  association. Legal entities (municipalities, enterprises,               
offices, organisations) shall be represented by a duly authorised               
person. The  owners of  the premises of a house shall acquire the               
rights and duties of the members of association as of the date of               
the registration  of the  regulations of the association or as of               
the date  of the  occurrence  of  the  ownership  rights  to  the               
premises in  the house  belonging to  the association.  A natural               
person who  is a member of the association may, in the prescribed               
manner, authorise another person to participate in the activities               
of the association on his behalf.                                               
      If  the premises  belong to  several co-owners,  they  must               
agree  among   themselves  who   shall  represent   them  in  the               
association. The co-owners' representative shall have one vote in               
the association.                                                                
     Members of  the  association  shall  be  registered  in  the               
register book,  stating the  full name,  address (  the name  and               
address of  a legal  entity), the grounds for and the date of the               
acquisition of  property , the space belonging to a member of the               
association by  the right  of ownership  and its  ratio with  the               
total area of the premises of the house expressed in percentage.                
                                                                                
     Article 17. Changes in the Membership of the                               
               Association                                                      
     A membership  in the  association shall  terminate when  the               
member looses his right of ownership to all residential and non -               
residential premises held by him in the association.                            
     Upon selling  the premises  held by him or upon transferring               
them in any other way, as well as upon his death , the person who               
has acquired  or inherited  said premises shall become the member               
of the association.                                                             
     If members  of  the  association  were  in  arrears  to  the               
association and  there is  no possibility to recover said arrears               
from them,  such arrears  shall be  cleared by  the successors of               
members removed from the association.                                           
     Premises that  are recognised  in the  established manner as               
having no  owner shall  be transferred  into the  ownership of  a               
municipality. The  municipality must  settle  accounts  with  the               
association for  all arrears  pertaining to  the former  members,               
relative to the activities of the association.                                  
                                                                                
     Article 18. The Rights and Duties of a Member                              
     A member of the association shall have the right :                         
     1) to attend the meetings of the members of the association,               
to elect  and be  elected to  the Association  Board and auditing               
commission,  to  submit  proposals  on  issues  relative  to  the               
activities of the association;                                                  
     2) to work in the association under employment contract;                   
     3) to  obtain information  relative to the activities of the               
association,  its   economic  condition,  assets,  resources  and               
charges for public utilities and operation of the house; and                    
     4) to  replan and alter the premises belonging to him by the               
right of ownership.                                                             
     Member of the association must:                                            
     1) observe the regulations of the association;                             
     2)  fulfil  the  obligations  of  the  association  and  the               
resolutions of  the  Association  Board  and  of  the  bodies  of               
control;                                                                        
     3) participate in the activities of the association;                       
     4) protect  and take  care of  the property belonging to the               
association;                                                                    
     5) make due payments ;                                                     
     6) ensure  that persons  who  utilise  the  premises  should               
comply with  the regulations  of the association and the internal               
rules of the house;                                                             
     7) allow to repair the communal - use engineering facilities               
that are  located  on  their  premises,  check  the  readings  of               
measuring devices;                                                              
     8) refrain  from causing damage to other premises, communal-               
use premises  , or  communal use-  engineering  facilities,  when               
replanning, restructuring, or repairing the premises belonging to               
him;                                                                            
     9) in  the event  of mortgaging, selling or transferring the               
premises as  a gift  or otherwise,  notify the  association board               
(manager) and meet his obligations to the association.                          
     A natural  or legal  person ,  having acquired premises in a               
house  of  the  association,  must  within  10  days  notify  the               
Association Board (or its manager) thereof in writing.                          
                                                                                
          V. THE PROPERTY AND FUNDS OF THE ASSOCIATION                          
                                                                                
     Article 19. The Property of the Association                                
     The  property  of  the  association  shall  consist  of  the               
residential or non-residential premises, purchased or acquired in               
any other manner, and other material assets.                                    
                                                                                
     Article 20. The Property Held and Utilised by the                          
               Association                                                      
     The communal  - use  premises in  a  multi-family  apartment               
house, its  communal- use  engineering facilities, and communal -               
use structures shall belong to all the owners of the house by the               
right of common partial ownership. The share of each owner in the               
common ownership  shall be  proportionate to  the total  area  of               
premises held by him by the right of ownership.                                 
     The association  shall have  the right to manage and utilise               
communal-use  premises,   house   structures,   and   engineering               
facilities.                                                                     
     Upon registration of the regulations of the association, the               
municipality must,  within a  1-month period,  convey the  multi-               
family apartment  house (houses) to the management and use of the               
association. The  association, having taken over the house, shall               
decide issues  concerning the  review of  contracts, concluded by               
the inhabitants  with the  organisations operating the house, and               
the conclusion of new contracts of the association.                             
                                                                                
     Article 21. Funds of the Association                                       
     The funds of the association shall consist of:                             
     1) targeted contributions ( for maintenance, repair, etc.)                 
     2)  contributions   relative  to   the  activities   of  the               
association;                                                                    
     3) income  received from the disposal of the property of the               
association or management of communal - use premises; and                       
     4) aid  by the  state, municipalities  and natural  or legal               
persons, as well as charity.                                                    
     Members of  the association  may  make  non-cash  (property)               
contributions, the procedure for the assessment of which shall be               
established by the meeting of the members of the association. The               
funds of the association shall not be subject to taxation.                      
                                                                                
     The business  year of  the association  shall commence  on 1               
January and end on 31 December.                                                 
                                                                                
    VI. THE REORGANISATION AND LIQUIDATION OF THE ASSOCIATION                   
                                                                                
     Article 22. The Reorganisation of the Association                          
     The association,  following the  resolution of  the meeting,               
may merge with other association (other associations) or split up               
into smaller  associations provided  each of  them may  act in  a               
separate house  (houses).  The  regulations  of  the  reorganised               
association shall  be registered  with the  municipality board in               
accordance   with    the   established    procedure.   Upon   the               
reorganisation of  the association,  its rights  and  obligations               
shall pass  over to  the reorganised  association  (associations)               
from the date of the registration of its (their) regulations.                   
                                                                                
     Article 23. Termination of the Activities of the                           
               Association                                                      
     The activities  of the  association shall terminate when the               
house of the association is demolished or removed.                              
     The association may be liquidated if the decreased number of               
its members  is less than the minimum number established by laws,               
or by  the decision  of the court if its activities do not comply               
with the laws.                                                                  
     The Board  of the  Association (or its manger) shall use the               
existing property  and funds of the association primarily for the               
settlement of  accounts with  the hired  employees, then  for the               
payment of  debts to  the  creditors.  The  remaining  funds  and               
property shall  be distributed  among the  former members  of the               
association pro rata to their contributions.                                    
                                                                                
          VII. UNIONS OF THE ASSOCIATIONS OF THE OWNERS                         
                OF MULTI-FAMILY APARTMENT HOUSES                                
                                                                                
     Article 24. Objectives of the Unions of Associations                       
     The  unions   of  associations   may  be   formed  for   the               
coordination of  the activities of associations and protection of               
their interests.                                                                
                                                                                
     Article 25. Establishment and Activities of the Unions                     
               of Associations                                                  
     The union  may consist  of two  or  more  associations.  The               
unions of the associations of multi-family houses shall act under               
the agreement concluded by the parties.                                         
                                                                                
                 VIII. MISCELLANEOUS PROVISIONS                                 
                                                                                
     Article 26. The Use of Residential Premises for                            
               Business and Commercial Purposes                                 
      Residential  premises in the multi-family apartment houses,               
upon obtaining  consent of the meeting of the house association (               
or the board) and with the permission of the mayor (board) of the               
municipality, and  after design  documentation has been approved,               
may be  used for  commercial, public catering purposes, the needs               
of law  enforcement agencies,  communications, medical  services,               
distribution  of  printed  periodicals,  and  household  services               
(except production  services). Such premises must have a separate               
entrance  and  their  utilisation  may  not  disturb  the  normal               
operation of the house and its engineering facilities.                          
     If  a   separate  entrance  is  not  installed,  residential               
premises  may  be  used  for  other  (non-  production)  purposes               
according to the spheres of activities approved by the Government               
of the  Republic of Lithuania, and upon notifying the association               
in writing,  only if  it is  not  necessary  to  reconstruct  the               
premises and to remove them from the housing stock.                             
                                                                                
     Article 27. Settlement of Disputes                                         
     Disputes arising  between the association and the members of               
the association, between the association and other legal entities               
or natural persons, shall be settled by court.                                  
     Owners' arrears  with maintenance costs and public utilities               
shall be  recovered according to the procedure established by the               
laws of the Republic of Lithuania.                                              
                                                                                
     Article 28. The State Support to Associations                              
     The State  and municipalities,  being  responsible  for  the               
preservation of  the national property - the housing stock, shall               
render the following assistance to the associations :                           
     1) grant  soft-credits for the major repairs and renovations               
of houses,  giving priority to houses which are deemed unsafe and               
unsanitary;                                                                     
     2) grant  subsidies to socially -vulnerable persons who live               
in houses which are under repair and renovation;                                
     3) install  in the  house heat  and water  measuring devices               
free of charge;                                                                 
     4) exempt the association from land tax; and                               
     5) other means of support.                                                 
     For the  support of  the associations, a special association               
support fund  shall be  formed from the revenue of a municipality               
received from  the rent  of  non-residential  premises.  For  the               
formation of  the fund  other sources of the revenue of the state               
and municipality  may be used. The procedure for the formation of               
the support  fund of associations and allocation of its resources               
shall be  established  by  the  Government  of  the  Republic  of               
Lithuania.                                                                      
     The organisation  that  operated  houses  belonging  to  the               
association shall,  within 3  months from the registration of the               
association, transfer  the unused  funds allocated  for the major               
repairs of the building, its structures and engineering equipment               
to the association.                                                             
                                                                                
     I promulgate  this Law  passed by the Seimas of the Republic               
of Lithuania.                                                                   
                                                                                
                                                                                
Algirdas Brazauskas                                                             
President of the Republic                                                       
Vilnius                                                                         
21 February 1995                                                                
No. I-798