Empowering Ministries Of Works Public And Housing And Urban Development To Integrate And Participate In Training And Constitution Of Law Corporations Private Pointing

Original Language Title: FACULTA A MINISTERIOS DE OBRAS PUBLICAS Y DE VIVIENDA Y URBANISMO PARA INTEGRAR Y PARTICIPAR EN FORMACION Y CONSTITUCION DE CORPORACIONES DE DERECHO PRIVADO QUE SEÑALA

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"Sole article.-empowering the ministries of public works and housing and urban development to integrate and participate in the formation and Constitution of corporations of private law, non-profit, referred to in title XXXIII of the first book of the Civil Code, whose fundamental purpose is promotion, information, development and coordination of initiatives for research, transfer and dissemination of economic knowledge" and technological experiences in the area of planning, construction and maintenance of civil works, infrastructure and housing. Similarly the before-named ministries shall be entitled to participate in the dissolution and liquidation of the entities that form part, pursuant to the statutes of the same.
By Presidential Decree of the corresponding Ministry shall be allowed to formally incorporating the ministries referred to these corporations appointing a representative of each one of them belonging to their respective technical units. Using the same procedure and framing in resources annually established the law of budgets for these purposes, will be authorized for the ordinary or extraordinary contributions that will be made to those entities.
The amount of resources that annually provide these ministries, altogether, to the financing of listed corporations, may not exceed 50% of the total of the contributions received by each of these entities.
Extraordinary resources that will provide may not be used to finance ordinary administrative expenses of corporations, such as remuneration of their staff, office rental or similar.
The representative of each of the above-mentioned ministries shall be entitled to participate in the management and administration bodies covering the statutes of corporations, in positions which may not be paid. "."