law no 75
LAW OF JANUARY 5, 1961
VICTOR PAZ ESTENSSORO
CONSTITUTIONAL PRESIDENT OF THE REPUBLIC
For the Honorable National Congress has sanctioned the following Law:
THE NATIONAL CONGRESS,
D E C R E T A:
Article 1. The popular housing scheme is incorporated into newspaper and lottery vendors, creating for the end the following resources:
participation set by law in utilities 3% of the National Lottery
Recargo of 2% on the amount of commercial notices and paid publications registered in the country's newspapers and magazines,
Personal support of the insured in the proportion of 5% on the basis of the nominal salary of 250,000.-monthly.
Article 2. The publishing companies of newspapers and magazines shall carry out the surcharge set out in point (b) of the previous article. The National Federation of the Sellers of Newspapers and Lotteries, assumes the legal responsibility of its affiliates and is responsible for the empowerment of the contribution indicated in the c).
Article 3. The resources created by this law will be deposited monthly in the Central Bank of Bolivia in the account called Popular Housing for Newspaper Sellers and Lotteries.
Article 4. Investments will be made in accordance with the supreme decree number 04385 of April 30, 1956, raised to the law at the date of October 29, 1956, with the participation of a delegate of the National Federation of Vendors of Newspapers and Lotteries.
Communicate to the Executive Branch for Constitutional purposes.
Session Room of the National Congress.
La Paz, 22 December 1960.
Fdo. Ruben Julio C., E. Ayala Mercado, Ciro Humboldt, Octavio Rivadeneira, Guillermo Munoz de la Barra, Mario Roncal.
Therefore, he enacted it so that it has and will comply with the Law of the Republic.
Government Palace in the city of La Paz, the five days of the month of January thousand nine hundred and sixty-one years.
FDO. VICTOR PAZ ESTENSORO, A. Franco Guachalla, Minister of Labour and Social Security.