Why Article 1 Of Law 26 Of 8 February 1990 Amending

Original Language Title: Por la cual se modifica el artículo 1º de la Ley 26 de febrero 8 de 1990

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.
ACT 206 OF 1995
(August 3)
Official Gazette No. 41954, of4 August 1995
Whereby amending article 1. Act 26 February 1990. 8
ARTICLE 1o. Article 1o. Law 26 of February 8, 1990, will read:
Assembly authorize the Department of Valle del Cauca to order the issuance of the "Pro-Universidad del Valle" stamp, the proceeds of which will go to the next way:
40% for investment in the physical plant, staffing and purchase of required and necessary to develop the Universidad del Valle in new technologies in the areas of biotechnology, new materials, microelectronics, computer, communications and robotics equipment.
25% will be invested in maintenance, extensions to existing physical plant, purchase of materials and laboratory equipment, provision of libraries and to complete and consolidate the Regional University System of Valle.
10% to meet the prestacional liabilities and charges by the Universidad del Valle for pensions and Severance of its public servants.
The 15% will be invested in the construction of three (3) Performance and Funds:
* 5% destined for the Endowment Fund for basic research.
* 5% destined for the Endowment Fund for development research.
* 5% destined for a Heritage Fund for strengthening doctorates in Basic Sciences and Social and Human Sciences.
5% for the Faculty of Agricultural Sciences of the National Section of Palmira-Valle University to meet capital expenditure and scientific and technological research.
5% for the Departmental Library or for Valley Cultural Center attached.
This distribution affects the total amounts that stamp collection pro-Universidad del Valle have been established by law.
Article 2.
. Repeal paragraph of Article 6. Act 26 February 1990. 8

ARTICLE 3. This Act governs from the date of its enactment.
The President of the honorable Senate, GUILLERMO JUAN ANGEL MEJIA
The Secretary General of the honorable Senate,
The President of the honorable House of Representatives
The Secretary General of the honorable House of Representatives, DIEGO VIVAS
published and execute.
Given in Bogota, DC, 3 August 1995.

Ernesto Samper Pizano Minister of Finance and Public Credit, WILLIAM PERRY RUBIO
The Minister of Education, Maria Emma Mejia