The Right of State Socialist Ownership

The USSR Constitution defines state ownership as “the common heritage of the entire Soviet people, the basic form of socialist ownership. The USSR Constitution defines the objects of the right of state socialist ownership as follows: “The following are under the exclusive ownership of the state: the land, its minerals, waters, and forests. The Soviet state realizes its right of ownership chiefly through organizations especially created to manage state property — enterprises, institutions, or organs of management. State organs of management and social-cultural state organizations also realize the right of operative management of property. The division into capital and circulating funds stems from the economic division of the means of production into the means of labor and the objects of labor. The legal regime of the capital funds of institutions on the state budget and other organizations which are financed by the state budget coincide with the legal regime established for the fixed assets of organizations of economic accountability.