LAW

BIENES AND RENTAS.â € " Otólrgase as a heritage to the Universities of La Paz, Chuquisaca, Cochabamba, Santa Cruz, PotosA-and Oruro

ENRIQUE PEA ' ARANDA C. CONSTITUTIONAL PRESIDENT OF THE REPASBLICA.

FOR HOW much, the H National Congress has sanctioned the following law:

THE NATIONAL CONGRESS,

DECRETA:

ArtA-ass 1A °. †" The universities of La Paz, Chuquisaca, Cochabamba, Santa Cruz, PotosA-and Oruro, constitutionally autonomous and equal in hierarchy, will have the following assets and rents:

a) The real estate transferred by the State, by private individuals or acquired in particular by the universities.

b) The transferable securities, donations, legacies and enseres acquired at the right of the title.

(c) The subsidies that will necessarily be entered into the National Budget for each economic management, or those that will recognize departmental and municipal budgets.

d) The ten percent surcharge on income and Municipal patents of the capital and provinces of each department and twenty percent of reaggravation on taxes in general perceived by the Departmental Treasures, with exception of the Territorial Contribution.

f) The funds from the University of the University of the University, the expedition of academic diplomas, revalidations, appointments of teaching and administrative staff, cards and all other rights that the University Councils have to create, which will be directly controlled and managed by the University Treasures.

Article 2A ° .†" In the departments of Tarija, Beni and Pando, the same surcharges and taxes on departmental and municipal rents, as laid down by points (d) and (e) of the previous article, shall apply to the following purposes: in the department of Tarija to the building and In the case of a school for butlers which will function in the "El Tejar" tax fund, in the Beni and Pando departments for the support of students in universities in the interior and abroad of the Republic, a preference will be given to Veterinary, AgronomA-a and Medicine studies.

ArtA-ass 3A ° .†" The Department and Municipal Treasures Shall collect the funds set out in point (d) and (e) of the first article and the second article to deposit them monthly at the Central Bank in the special account of universities or districts In this last case for purposes specified in this law.

ArtA-ass 4A °. †" No discount will be charged for the National, Departmental and Municipal Treasures on university rents and special created by this law, responsible for their correct collection to the heads of the respective offices.

ArtA-ass 5A °. †" Universities will administer their heritage in an autonomous manner according to their statutes internal assets and property. They may also have to dispose, change or transfer and mortgage their assets.

real estate and contract with garantA-to the same, prior legislative approval.

ArtA-ass 6A ° .†" In the districts where there is no University, the resources established by this law for the purposes that it specifies independently of the national subsidies to be entered in the ordinary budget, administered by a board composed of the Head of the School District, as President; the Prefect of the Department; the Mayor Municipal; the Comptroller and the National Subtreasurer; in each case, investment, ask for authorization from the Ministry of the branch.

ArtA-ass 7A °. †" Universities will form their annual budgets with full autonomy-a and according to the requirements of the OrgA Law of the Budget, with the only Except that in cases where this law requires the authorization or signature of certain officials, such a requirement shall be understood to be fulfilled by the joint approval of the Rector and the University Council.

Article 8A. †" A controller appointed by the Comptroller General of the Republic, will audit the administration of the funds of each University, subscribing to all proof of income and discharge and to the standards of accounting and performance of accounts to the University Treasury.

Article 9o. †" The universities will submit to the approval of the National Congress in their first sessions, the balance of the immediate management previous with the report of the Comptroller-General. The universities that do not comply with this provision until after six months of due management, will be intervened in their economic administration by the Comptroller-General of the Republic.

Article 10A °. †" The University of La Paz is recognized, the participation of fifteen percent on the tax collections of the taxes included in the articles first and fifth, as of 16. 66 percent of all other people created in the provinces of Yungueà ± as, Inquisivi and Cantonese Zongo by Law of November 3, 1938, modifying to that base the distribution of percentages of its dispositions.

ArtA-ass 11A °. †" recognizes the University of Chuquisaca the stakes in the taxes of the ajA-and the cigarettes of Chuquisaca that give it the Supreme Decrees of April 6, 1937 and February 28, 1939.

Article 12A. †" Destinations thirty percent of the last rate of the tax on cigarettes and cigarettes produced in the Department of Chuquisaca to the Universidad Mayor of San Francisco Javier.

Free Seventy percent of this tax on the obligation of the Sewerage and Pavement service of the city of Sucre, will pass in its entirety to serve the Treasury of the same University.

ArtA-ass 13A °. †" It is intended for the support of the University of San Agusta-n, the following special resources:

a) The surcharge of ten percent to all excise duties created by Law of 10 February 1927, which are collected by the Departmental and Municipal Treasures of Oruro asA-as by the offices of the Tax Inspectorate;

b) The surcharge of ten cents to the income tax, created by point (d) of the fourth article of the Law of 10 February 1927; and

c) The surcharge of the special resources for the support of the Route of the Tra January, 1940.

ArtA-ass 14A ° .†" The University" TomA ¡ s FrA-as " is assigned 20 and 10 percent, respectively, of the difference yield yield, which will be collected by the Departmental and Municipal Treasures of PotosA, in the tax of 40 cents created by Law of January 10, 1919, on mineral electricity of minerals exported from the department.