Legislation is the process or result of enrolling, enacting, or promulgating laws by a legislature, parliament, or analogous governing body. Before an item of legislation becomes law it may be known as a bill, and may be broadly referred to as "legislation" while it remains under consideration to distinguish it from other business. Legislation can have many purposes: to regulate, to authorize, to outlaw, to provide (funds), to sanction, to grant, to declare, or to restrict. It may be contrasted with a non-legislative act by an executive or administrative body under the authority of a legislative act.
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Legislative act in the context of Legal instrument
Legal instrument is a legal term of art that is used for any formally executed written document that can be formally attributed to its author, records and formally expresses a legally enforceable act, process, or contractual duty, obligation, or right, and therefore evidences that act, process, or agreement. Examples include a certificate, deed, bond, contract, will, legislative act, notarial act, court writ or process, or any law passed by a competent legislative body in domestic or international law. Many legal instruments were written under seal by affixing a wax or paper seal to the document in evidence of its legal execution and authenticity (which often removed the need for consideration in contract law). However, today, many jurisdictions have abolished the requirement for documents to be under seal in order for them to have legal effect.
Legislative act in the context of State corporation (Russia)
A State Corporation (Russian: Государственная корпорация, romanized: Gosudarstvennaya Korporatsiya) is a non-profit organization, which is wholly owned by the Russian Federation directly, bypassing the Federal Agency for State Property Management. Each State Corporation is created by a legislative act of Russian Federal Assembly, using Federal funds for its initial operation, to perform social, managerial, and other socially beneficial functions.
This type of legal entity was established in 1999 (Article 7.1, NCO Law). These state corporations are essentially a special type of fully Federally-owned non-profit organizations, and they are different from all the other organizations referred to in the mass media as "state corporations".