It Granted A New Deadline To Exercise The Power Granted To Treasury Service In Law Nâ ° 19.926

Original Language Title: CONCEDE UN NUEVO PLAZO PARA EJERCER LA FACULTAD CONCEDIDA AL SERVICIO DE TESORERIAS EN LA LEY Nº 19.926

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"Sole article.-establish a period of 90 days from the date of publication of this law, to exercise the power granted to the Treasury service in article 1 of Act No. 19.926, which enables advances of the Municipal pool to those municipalities that recorded debts themselves or their corporations, by concept of allocation of teaching improvement."
The new term granted to the designated faculty, as also the procedure, requirements, and conditions for such advances, shall comply with the terms laid down in the arrangement referred to in the preceding subsection, with the following limitations: to) the total amount earmarked for the mechanism of the common Municipal Fund advances, will be limited to M$ 1,000,000.-(one billion pesos).
(b) the application of the Faculty referred to in subparagraph first of this article only can benefit to those municipalities that meet the requirements and conditions set forth in article 1 of the law No. 19.926, have not been favoured by the application of this legal provision. "."