Samsonov A.I. Main direction of municipal investment activity: legal aspect

Abstract: The subject of this article is the normative legal acts that regulate municipal investment activity and determine the power of local self-governance authority, which establish the guarantees for the investors; as well as the norms of fiscal and urban development legislation, which determine the peculiarities of realization of investment activity on the municipal level. The author presents the research on municipal law as a comprehensive branch of the law, including the regulation of economic relations within the investment sphere, and also reviews investments and investment activity as the phenomena of law. This work is firs to analyze the capabilities of the local self-governance authority in attracting investors towards the solutions of the matters of local significance. The author gives definition to the notion of “municipal investment activity”, and characterizes the forms of investment activity n the municipal level, while the actual investment relations within the system of local self-governance are viewed as a derivative from the necessity and ability to appropriate the attracted capital (investments).

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