Extending The Application Of The Current Distribution Of The Common Municipal Fund Coefficients For Aa Or Aa 2006 Or 2007

Original Language Title: PRORROGA LA APLICACION DE LOS COEFICIENTES DE DISTRIBUCION DEL FONDO COMUN MUNICIPAL VIGENTES DURANTE EL AÑO 2006 PARA EL AÑO 2007

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"Sole article.-during the year 2007, the coefficients of distribution of 90% and 10% of the Municipal pool will be those in force during 2006."
Municipalities which join together reduced the estimated quantities to receive the common Municipal Fund in the year 2007 with regard to the amounts received from the Fund during the year 2006, by applying the aforementioned coefficients, will receive compensation which will cover 100 per cent of the reduction in income. The aforementioned reduction is calculated considering the municipal resources perceived by each municipality by the Fund during the year 2006, according to information provided by the service of treasuries, in relation to resources to receive during 2007 by applying the coefficients set out in the preceding paragraph.
By Supreme Decree issued through the Ministry of the Interior, which also will be signed by the Minister of finance, the amount of the compensation shall be determined for the year 2007, to receive for each municipality in that year viere reduced its participation in the Fund, as provided for in the previous paragraph, as well as their delivery dates for the service of treasuries. This compensation will be financed by the common fund Municipal. "."