Abstract: In her research Abdullina examines provisions of the legal acts that regulate activity of governing bodies of the priority social and economic development areas. The author of the article offers a unique model of governining that is based on the principles of administrative command and market regulation of an investment project in a certain territory. The author describes the legal status, competences and powers of the supervisory council, competent federal authority, governing company of the priority social and economic development areas. The author of the article emphasizes the need to define the legal nature of governing bodies, and their legal status in legal relations that arise. Having analyzed the legal basis and law doctrine, the author of the article describes possible qualifications of a governing company and supervisory council as legal entities and public law actors rather than state authorities or commercial enterprise. In her research Abdullina makes a conclusion about the legal status and legal position of governing bodies. The author also gives an idea about the balance of methods used by the state authorities to support investment projects and priorities of the population that live in a certain priority social and economic development area. This creates certain issues needed to be solved by the legislator.