Empowers The Directorate-General For International Economic Relations To Join The Chilean Foundation As A Member Of The Pacific

Original Language Title: FACULTA A LA DIRECCION GENERAL DE RELACIONES ECONOMICAS INTERNACIONALES PARA INTEGRARSE COMO MIEMBRO A LA FUNDACION CHILENA DEL PACIFICO

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"Sole article.-empowering the Directorate General of international economic relations to integrate and participate as a member in the Chilean Pacific Foundation, whose legal status was granted by Decree No. 1606, of 30 November 1994, the Ministry of Justice, published in the official journal of 19 December 1994." Similarly, the Directorate-General is empowered to participate, where appropriate, modification, dissolution and liquidation of the legal person, in accordance with its statutes.
Without prejudice to the provisions of the preceding paragraph, the Director-General, by itself or through its representatives, you can participate in management and administration bodies laying down the statutes of the Chilean Pacific Foundation, charges that may not be paid. You can, also, make contributions in cash to the Chilean Pacific Foundation, according to the resources contemplated in the budget for such service for such purposes. The contributions may be used for solving programs and specific projects of promotion, diversification, and stimulation of foreign trade of the country, in which you may include operational expenses and the Chilean Pacific Foundation.
The Director-General shall fix the maximum percentage of the total value of the respective programmes, projects that will be funded to the contributions referred to in the preceding paragraph. In any case, the resources that contribute to the financing of programmes or projects may not exceed 50% of the value of the same. However, in certain cases, the Director-General, founded resolution, may authorize amounts that exceed that percentage. This founded resolution require the authorization of the direction of budgets of the Ministry of finance.
The maximum amount of resources used for the purposes of this law shall be determined in the law of budgets of the Public Sector. "."