Read the untranslated law here: http://www.gacetaoficialdebolivia.gob.bo/index.php/normas/verGratis_gob2/51470
Law No. 77 VICTOR PAZ ESTENSSORO constitutional the President because, the Honorable National Congress has sanctioned the following law: the National Congress, D E C R E T A: article 1. Create the capital gains tax of 10% on the transfer of the land located on both sides of the Cochabamba-Quillacollo and Cochabamba-Sacaba paved roads that are located within the depth of 100 meters.
Article 2. The payment of the tax will be in Cochabamba Department Treasury and will go to the asphalting of such roads, must be deposited in the Central Bank of Bolivia, in so-called special account? Pro roads asphalted Quillacollo and Sacaba?.
Article 3. The funds collected will be managed by the departmental Board of auctions and may not be used in other works other than the asphalting of roads Cochabamba-Quillacollo and Cochabamba-Sacaba. Breach of this provision will be considered as a crime of embezzlement. Communicate to the Executive Branch for constitutional purposes.
Session of the H. Congress Hall.
Peace, on December 23, 1960.
FDO. Mario Torrez C., President of the National Senate H., E. market Ayala, President of the H. Chamber of Deputies, Ciro Humboldt, Senator Secretary, Alberto Lavadenz, Senator Secretary, Fuad Mujaes K., Deputy Secretary, Gmo. Muñoz de B., Deputy Secretary.
I therefore enacted it is and meets as a law of the Republic.
Government Palace in the city of La Paz, in the fifth day of the month of January of thousand nine hundred sixty-one years.
FDO. VICTOR PAZ ESTENSORO, a. Sánchez pictures, Minister of finance and statistics.
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