166 OF 1994
Official Journal No. 41,615 of 28 November 1994
THE CONGRESS OF COLOMBIA,
ARTICLE 1o. Derogase article 202 of Law 136 of 1994 and consequently the Legislative Decree 1678 of August 1o. "for which limits are set for appropriations intended for the operating expenses of district and municipal contralories and personnel."
ARTICLE 2o. BUDGET APPROPRIATIONS FOR DISTRICT AND MUNICIPAL STAFF AND CONTRALORIES. Municipal and county mayors and municipal and district councils when preparing and approving budgets will take into account that the Appropriations for contracts and personnel may not be lower than those budgeted, approved and adjusted for the current term, and increased by a percentage equal to the consumer price index.
PARAGRAFO 1o. As the annual budgets of the territorial entities must be approved by the municipal and district councils during the sessions corresponding to the month of November, the price index the consumer referred to in the preceding paragraph, shall be taken on the accumulated corresponding to the last twelve months, with a cut to 31 October of the respective year.
PARAGRAFO 2o. For the purposes provided for in this Article, the consumer price index shall be the total corresponding to the total fixed for the national level by the National Administrative Department of Statistics, DANE.
If the consumer price index is lower than the percentage decreed by the National Government for the increase of the legal minimum wage, the latter will be taken as a minimum basis for setting the budgets of the public and the district and municipal, for which the mayors will make modifications and budgetary adjustments to the case.
TRANSIENT ARTICLE. If, upon entry into force of this Law, the district and municipal budgets have been established or approved, they shall submit to the respective councils within the following eight (8) working days, the amendments relevant to the draft budget or budget approved for the purpose of adjusting the appropriations of the persons and contracts in accordance with the provisions of this Law.
ARTICLE 3o. VALIDITY. This Law governs from the date of its sanction and repeals the provisions that are contrary to it.
The President of the Honorable Senate of the Republic,
JUAN GUILLERMO ANGEL MEJIA
The Secretary General of the Honorable Senate of the Republic,
PEDRO PUMAREJO VEGA
The President of the Honorable House of Representatives,
ALVARO BENEDETTI VARGAS
The Secretary General of the Honorable House of Representatives,
DIEGO VIVAS TAFUR
Publish and execute.
Dada en Santafe de Bogota, D.C., a 25 November 1994
ERNESTO SAMPER PIZANO
The Minister of Government,
HORACIO SERPA URIBE
The Minister of Finance and Public Credit,
GUILLERMO PERRY RUBIO