Law 21

Original Language Title: Ley 21

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law n ° 21

VICTOR PAZ ESTENSSORO

CONSTITUTIONAL PRESIDENT OF THE REPUBLIC

As soon as the Honorable National Congress has sanctioned the following Law:

THE NATIONAL CONGRESS,

D E C R E T A:

Article 1. As of the date, the resources from sales and profit taxes, which are

refers to Supreme Decree No. 05534 dated August 5, this year, on products extracted from the provinces of Nor and Sud Yungas and Inquisivi of the department of La Paz, will be distributed as follows:

a)

To the Board of Roads Beni, for the purpose of road works in Nor and Sud Yungas ....................................................................

20.00%

b)

To the Prefecture of the Department of Peace, for Public works in the province Inquisivi .................

6.00%

c)

To the Prefecture of the Department of Peace, for public works in the province Nor Yungas ...........

25.00%

d)

To the Prefecture of the Department of La Paz, for public works in the Province Sud Yungas ............

25.00%

e)

To Public Works in Cantonal Agencies of the Province Nor Yungas ...............

5.00%

f)

To Public Works in Cantonal Agencies Province Sud Yungas .................

5.00%

g)

Prefecture of the Department of Peace for administrative expenses ....................

4.00%

h)

For complementary work on the collection of drinking water from Tuni-Condoriri ..........................

10.00%

Article 2. The Prefecture of the Department of Peace, will rationally establish the program of public works to

to be carried out, that will be carried out according to the needs of each district and with the intervention of the Municipal Mayors and the boards respective cantonal.

Article 3. The Coca Customs will deposit the sums collected in the bank accounts of each

monthly, one of the entities mentioned above, with the Prefect of the Department of La Paz being authorized to administer these funds within of its public works programme, as referred to in Article 2.

Article 4. The tax rights created by supreme decree No. 02999, dated January 16, 1953, are expressly safeguarded in favor of the General Directorate of Income.

Article 5. All provisions contrary to this Law shall be repealed.

Contact the Executive Branch for constitutional purposes.

Session of the H. National Congress.

La Paz, October 21, 1960.

Ruben Julio C., President of the National Senate, Ernesto Ayala M., President of the H. Chamber of Deputies, Fernando Ayala Requena, Senator Secretary, Alberto Lavadenz, Senator Secretary, Gmo. Muñoz de la B., Deputy Secretary, Armando Mollinedo, Deputy Secretary.

Therefore, he promulgated it so that it has and will comply as the Law of the Republic.

Government Palace in the city of La Paz, at the twenty-eight days of the month of One thousand nine hundred and sixty

years.

FDO. VICTOR PAZ ESTENSSORO, A. Cuadros Sánchez, Minister of Finance and Statistics