Law Reformed Fund For El Salvador Pre-Investment Studies.

Original Language Title: REFORMASE LA LEY DEL FONDO SALVADOREÑO PARA ESTUDIOS DE PREINVERSION.

Read the untranslated law here: http://www.asamblea.gob.sv/eparlamento/indice-legislativo/buscador-de-documentos-legislativos/reformase-la-ley-del-fondo-salvadoreno-para-estudios-de-preinversion/archivo_documento_legislativo



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INDEX LEGISLATIVE DECREE No. 84

THE LEGISLATURE OF THE REPUBLIC OF EL SALVADOR, CONSIDERING
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I. That Article 168, ordinal 15 of the Constitution states that it is attribution and obligation the President of the Republic ensure the effective management and conduct of public affairs.
II.- by Legislative Decree No. 775, dated April 25, 1991, published in the Official Journal No. 90, Volume No. 311, May 20 the same year, the Law of the Salvadoran Fund was issued for Studies Preinvestment.
III It is necessary to establish the legal powers to enable the Public Administration select officials most competent private sector, through the openness and diversity of proposals; therefore appropriate to introduce corresponding amendments to the Law referred to in the previous paragraph a.
THEREFORE,
in exercise of its constitutional powers and initiative of the President of the Republic, through the Minister of Finance.
DECREES the following:
AMENDMENTS TO THE LAW OF FUND FOR EL SALVADOR pre-investment studies
Art. 1. To substitute in Article 5, the letter ch) and intercálase between said letter and the final paragraph of that article, the second paragraph, as follows:.
"Ch) A principal owner and his elected Deputy and appointed by the President of the Republic, an open list of candidates from trade associations of private enterprise with legal personality, non-governmental organizations related to the issue of economic and social development with legal personality and universities accredited by the Ministry of Education. The procedures concerning the literal present shall be governed by regulation. "
"The entities mentioned in the letter ch), who wish to include in the list candidates must select them according to their domestic law".
Art. 2. The Director Owner and his Alternate appointed by the National Association of Private Enterprise, ANEP, who are appointed to the date of entry into force of this Decree, shall hold office until August 31, 2012, unless already appointed Directors pursuant to this Decree or in a new appointments process, in accordance with the provisions of this reform, in which case they do not continue stood in for progress made.
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LEGISLATIVE INDEX Art. 3. This Decree shall enter into force eight days after its publication in the Official Journal.
GIVEN IN THE BLUE ROOM OF THE LEGISLATIVE PALACE: San Salvador, on the seventeenth day of August of the year two thousand and twelve.
OTHON Sigfrido Reyes Morales, president.
ALBERTO ROMERO ARMANDO RODRIGUEZ, GUILLERMO ANTONIO NAVARRETE GALLEGOS, FIRST VICE. SECOND VICE PRESIDENT.
MERINO JOSE FRANCISCO LOPEZ, FRANCISCO ROBERTO DURAN LORENZANA, THIRD VICE. FOURTH VICE PRESIDENT, JOSÉ ROBERTO
MUNGUÍA d'Aubuisson, FIFTH VICE.
PEÑA LORENA GUADALUPE MENDOZA, CARMEN ELENA CALDERON SOL Escalon, First Secretary. Second Secretary.
SALGADO SANDRA MARLENE GARCIA, JOSE RAFAEL MACHUCA Zelaya, Third Secretary. Fourth secretary.
IRMA VASQUEZ PALACIOS LOURDES, MARGARITA ESCOBAR, FIFTH SECRETARY. SIXTH Secretariat.
SAMAYOA RODRIGO RIVAS, REYNALDO ANTONIO LOPEZ Cardoza seventh Secretary. EIGHTH SECRETARY.
Casa Presidencial: San Salvador, on the twenty day of August in the year two thousand and twelve.
PUBLISH, Carlos Mauricio Funes Cartagena, President of the Republic
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Juan Ramon Caceres Carlos Enrique Chavez, Minister of Finance.
Tomo OJ No. 154 No. 396 Date: August 22, 2012.
JCH / geg 10-09-2012