Establishes A Transitional Mechanism To Compensate Lower Municipal Revenues Produced On The Occasion Of A New Determination Of The Annual Coefficients Of Distribution Of The Common Municipal Fund

Original Language Title: ESTABLECE UN MECANISMO TRANSITORIO PARA COMPENSAR LOS MENORES INGRESOS MUNICIPALES PRODUCIDOS CON OCASION DE UNA NUEVA DETERMINACION DE LOS COEFICIENTES ANUALES DE DISTRIBUCION DEL FONDO COMUN MUNICIPAL

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"Sole article.-the municipalities that by applying the annual coefficients of distribution of 10% of the Municipal pool determined for 2005, as set forth in the Decree Law N ° 3.063, 1979, on municipal revenue, join together reduced their participation in the total of the Fund in relation to the perceived resources during 2004 by the same concept, they will be compensated by the own Fund" using for this purpose the sum of up to four billion pesos in 2005.
By Supreme Decree issued through the Ministry of the Interior, which will be also the signature of the Minister of finance, shall be determined, by each affected municipality, the amount of the compensation to perceive in the year 2005.
Resources for compensation will be distributed to the respective municipalities for the service of treasuries, in four equal installments, in the months of may, July, October and December of this year. "."