ACT OF THE SUPREME COUNCIL OF UKRAINE No. 17/95-BP OF 31 JANUARY 1996 ON APPROVING COEFFICIENT OF CONVERSION OF PRIVATIZATION PROPERTY CERTIFICATES AND HOUSING CHEQUES With the aim of improving the mechanism of privatization in Ukraine, creating favorable conditions for participation of the citizens of Ukraine in the process of privatization and pursuant to article 6 of the Law of Ukraine "On privatization papers" the Supreme Council of Ukraine ENACTS THE FOLLOWING: 1. To approve the coefficient of conversion of privatization property certificates and housing cheques in the amount of 1 (1 karbovanets of the value of a privatization property certificate shall equal 1 karbovanets of the value of a housing cheque). 2. To establish that citizens who, pursuant to the legislative acts of Ukraine, have the right to use privatization property certificates to privatize the state housing fund or use housing cheques to privatize property of state-owned enterprises shall use these types of privatization papers in their chosen spheres of privatization with consideration of the said coefficient of conversion in compliance with the procedure and on conditions envisaged for privatization papers of the specific sphere. 3. The Cabinet of Ministers of Ukraine shall introduce proposals concerning the mechanism of using privatization property certificates and unused housing cheques to construct or acquire dwellings. A.. Moroz Chairman of the Supreme Council of Ukraine