Establishes Authority For The General Treasury Of The Republic And Modifies The Law Naº19.848, On Rescheduling Of Debts To Solidarity Credit Funds

Original Language Title: ESTABLECE FACULTADES PARA LA TESORERIA GENERAL DE LA REPUBLICA Y MODIFICA LA LEY Nº19.848, SOBRE REPROGRAMACION DE DEUDAS A LOS FONDOS DE CREDITO SOLIDARIO

Subscribe to a Global-Regulation Premium Membership Today!

Key Benefits:

Subscribe Now for only USD$20 per month, or Get a Day Pass for only USD$4.99.
"Article 1.-empower the General Treasury of the Republic to hold the annual return of income taxes which corresponds to the debtors of the University solidarity credit regulated by the Nº19.287 law and its amendments, such credit amounts that defaults as reported by the lending institution, is found in the way established the regulations" , and impute such amount to the payment of the mentioned debt.
The General Treasury of the Republic must find the moneys held by this concept to the administrator of the solidarity fund of respective college credit, within the period of 30 days from the date that should have been verified return, unless the debtor credit that it has solved the amount due and not paid for college credit, certificate granted by the respective Manager.
If the amount of the tax refund is less than the amount owed, will remain the obligation of the debtor in the unpaid balance.