Why Some Transfers Are Enacted In The Appropriations Act For Fiscal Year 1995

Original Language Title: Por la cual se decretan unos traslados en la Ley de apropiaciones para la vigencia fiscal de 1995

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ACT 217 OF 1995

(November 14)

Official Journal No. 42,008 of 15 November 1995

For which transfers are decreed in the Appropriations Act for the fiscal life of 1995

Vigency Notes Summary

THE CONGRESS OF COLOMBIA,

DECRETA:

ARTICLE 1o. EXPENSE AND APPROPRIATIONS BUDGET. Carry out the following countercredits in the General Budget of the Nation for the fiscal life of 1995, in the sum of three hundred and sixty-seven thousand nine hundred and forty-nine million seven hundred ten thousand twenty pesos ($367,949,710,020.00) legal currency, according to the following detail:

(Due to the length of this Law its publication is omitted and the full text is reported to be published in Official Journal No. 42,008 of November 15, 1995.)

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ARTICLE 2o. Based on the resources in the previous article, open the following credits in the General Budget of the Nation for the fiscal life of 1995, in the sum of THREE HUNDRED AND SIXTY SEVEN THOUSAND NINE HUNDRED AND FORTY-NINE THOUSAND PESOS ($367,949,710,020.00) LEGAL CURRENCY, according to the following detail:

(Due to the length of this Law its publication is omitted and the full text is reported to be published in Official Journal No. 42,008 of November 15, 1995.)

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ARTICLE 3o. The National Government in the decree of liquidation of this Law shall make corresponding adjustments in the sources of financing of appropriations and in the revenue budget.

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ARTICLE 4. Authorize the National Government to make, in the Settlement Decree to this Law, the corresponding adjustments that reflect the amount of the budget transfers without duplications approved. It shall also exclude transfers whose contraccredites are committed at the time of the sanctioning of this Law.

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ARTICLE 5o. The fiscal position and the participation of the municipalities in the current income of the Nation, on the cellular mobile phone resources, ordered recently by the Constitutional Court, will only be performed on the resources not executed at the date of the statement of the statement. As a result, for the Fiscal Vigencia of 1995, a value of $34,141.3 million will be incorporated, equal to the right of territorial entities over one-eighth of these resources. In the next seven years the balance will continue to be incorporated into the budget by octaves, giving it the participation of the territorial entities.

Effective Case-law

For the above purposes, constitute the Fund ordered by Article 15 of Act 179 of 1994.

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ARTICLE 6o. The municipal investment of sports resources will be made in accordance with the Municipal Development Plan, taking into account sports clubs and leagues, where they exist.

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ARTICLE 7o. This Law governs from the date of its publication.

Publish, Contact, and Meet

Dada en Santafe de Bogota, D.C., a los ...

The President of the honorable Senate of the Republic,

JULIO CESAR GUERRA TULENA

The President-General of the honorable Senate of the Republic,

PEDRO PUMAREJO VEGA

The President of the honorable House of Representatives,

RODRIGO RIVERA SALAZAR

The Secretary General of the honorable House of Representatives,

DIEGO VIVAS TAFUR

COLOMBIA-NATIONAL GOVERNMENT

Publish and execute

Dada en Santafe de Bogota, D.C., a 14 de novembre de 1995

ERNESTO SAMPER PIZANO

The Minister of Finance and Public Credit,

GUILLERMO PERRY RUBIO

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