LAW 1495

(December 29)

Official Journal No. 48.297 of 29 December 2011

CONGRESS OF THE REPUBLIC

By means of which the Law 334 of 20 December 1996 is amended.

THE CONGRESS OF COLOMBIA,

DECRETA:

ARTICLE 1o. Modify the article 1or the Law 334 of 1996, which will remain so:

Article 1o. The resources product of the stamp "University of Cartagena always at the height of the times", will be invested like this: 35% for the construction, adaptation, remodeling, maintenance of the physical plant, sports scenarios, libraries, technology, university welfare, virtual education and other goods, elements and equipment required for the development of its mission, as well as the extension of coverage to increase the number of university quotas and the creation of programs and expansion of the same, in all the venues that the University of Cartagena has in the Bolivar Department; 25% to invest in research project, 10% for the municipality of Magangue, 10% for the headquarters of the municipality of El Carmen de Bolivar and 10% for the Municipality of Mompox, 10% for other offices in municipalities of the Bolivar department other than Cartagena.

PARAGRAFO 1o. The resources that will be invested in the headquarters of the municipalities other than Cartagena referred to in this article will be allocated as follows: 65% for infrastructure, technology and goods and services, 35% for academic programs.

ARTICLE 2o. Amend the article 2or the Law 334 of 1996, which will remain so:

Article 2o. Expand the issuance of the Estampilla "University of Cartagena always at the height of the times", up to the sum of three hundred billion pesos ($300,000,000,000), at constant prices of 2011.

PARAGRAFO. Annually, the Special Board will make the appropriate adjustments for the monetary update of the total value of the issue.

ARTICLE 3o. Amend article 3or Law 334 of 1996, which will remain so:

Article 3o. Establish as the stamp of the stamp that you are dealing with article 1or this law to all the legal acts of the departmental and municipal order with the exception of the labor contracts and orders of personal services. In addition, I authorized the Department of the Bolivar Department to set the characteristics and rates of the previous acts taxed in this law. The Ordinance issued by the Departmental Assembly of Bolivar under the provisions of this law will be brought to the attention of the National Government through the Ministry of Finance and Public Credit.

PARAGRAFO 1o. The rate referred to in this Act may not exceed 2% of the value of the fact subject to the lien.

PARAGRAFO 2o. Labor, learning, and inter-administrative contracts, with no amount between public entities, are exempt from the present stamp.

PARAGRAFO 3o. The taxed acts must be executed, performed, or developed in the Bolivar department.

ARTICLE 4o. Amend article 4or Law 334 of 1996, which will remain so:

Article 4o. Empower the District Council of Cartagena de Indias and the Municipal Councils of the Department of Bolivar to make compulsory the use of the "University of Cartagena, always at the height of the times" stamp with exclusive destination to the University of Cartagena.

ARTICLE 5o. Amend article 5or Law 334 of 1996, which will remain so:

Article 5o. The Special Board of the University of Cartagena, always at the height of the times, will be in charge of designing and approving the policies of the funds that produce the stamp, in order to ensure its destination; according to its own rules.

The Board referred to in this Article shall be integrated as follows:

a) By the Governor of the Department of Bolivar, which will be its President;

b) By a representative of the President of the Republic;

c) By the Rector of the University of Cartagena;

d) By a representative of the Teaching Body of the University of Cartagena elected within its bosom;

e) By a representative elected by students from the same university.

PARAGRAFO 1o. The Rector of the University of Cartagena will act as the Legal Representative of the Board, and as such, it will be the computer of the expense.

ARTICLE 6o. Amend article 6or Law 334 of 1996, which will remain so:

Article 6o. The collection of the stamp will be carried out by the Territorial Authorities, the Decentralized Public Entities of the National Order, Departmental, District and Municipal, for which the territorial entity will create a fiducia whose owner is the University of Cartagena where they will record the collections.

ARTICLE 7o. Amend article 7or Law 334 of 1996, which will remain so:

ARTICLE 7o. This Law governs from the date of its publication and repeals all provisions that are contrary to it.

The President of the honorable Senate of the Republic,

JUAN MANUEL CORZO ROMAN.

The Secretary General of the honorable Senate of the Republic,

EMILIO RAMON OTERO DAJUD.

The President of the honorable House of Representatives,

SIMON GAVIRIA MUNOZ.

The Secretary General of the honorable House of Representatives,

JESUS ALFONSO RODRIGUEZ CAMARGO.

COLOMBIA-NATIONAL GOVERNMENT

Publish and comply.

Dada in Bogotá, D. C., at December 29, 2011.

JUAN MANUEL SANTOS CALDERÓN.

The Technical Vice Minister of the Ministry of Finance and Public Credit, in charge of the Office of the Minister of Finance and Public Credit,

RODRIGO DE JESUS SUESCUN MELO.

The Minister of National Education,

MARIA FERNANDA CAMPO SAAVEDRA.