Nepali parliament passes bill to nationalize late king's property

KATHMANDU, Jan. 4 (Xinhua) -- The Nepali interim parliament Friday unanimously passed Nepal Trust bill to nationalize the property of late King Birendra.

The Nepal Trust bill was introduced to set up a trust for the welfare of the people by nationalizing the property of late King Birendra and his family members, reported a local media house's website eKantipur.

An eleven-member committee has been formed to mobilize the trust for public interests. The committee will be led by Home Minister while secretary at-large will be the vice-chairman.

A provision has been made to spend the trust in the health and education sector.

Also on Friday, the interim parliament passed a bill on the second amendment to the arms possession act.

Under the bill, any one who is found possessing illegal arms will face one-year jail term, or 140,000 rupees (some 2,200 U.S. dollars) fine, or both charges.

The house also discussed the bill seeking some amendments to the Constituent Assembly (CA) elections act.