Key Benefits:
Law of the parliament fund |
| Date | LAW-2007-06-29-44 |
| Ministry of | Treasury |
| Last modified | LO-2014-04-11-12 from 01.07.2014 |
| Published | In 2007 booklet 6 |
| Istrontrecation | 01.01.2008 |
| Changing | |
| Announcement | 29.06.2007 |
| Card title | The parliament fund law |
The parliament fund should in its own name manage the countervalue of the capital deposit of the State pension fund-Norway on assignment from the ministry, jf. law 21. December 2005 about the State pension funds Section of the State's pension fund shall also carry out other management duties as the ministry adds the parliament fund.
Part Article SECTION 2. OwnerThe parliament fund is owned by the state alone.
Part Article SECTION 3. PartpositionThe parliament fund is a separate court subject.
The parliament fund is supposed to have ordinance that is determined by the ministry.
Part Article SECTION 5. Registration in the FortaksRegistryThe parliament fund is to be registered in the Foretake Register.
The Prevalence Act does not apply to the parliament fund. Prevalence regulations on inhability still apply to the parliament's trust, employees and others who perform services or work for the parliament fund.
Any performing service or work for the parliament fund, duties to prevent others from being allowed access or knowledge of that person in connection with the service or work gets to know about the parliament's or other's business relationship or about someone's personal relationships. Tausheme's work does not apply to the ministry. Corresponding confidentiality as follows of the first period applies to any performing service or work for the ministry. The Prevalence Act Section 13 other and third joints and Section 13 a to 13 e get Applicability.
The parliament fund is considered public organ by law 4. December 1992 No. 126 about Archive Section 2 letter g.
| 0 | Modified by law 11 apr 2014 # 12 (ikr. 1 July 2014 ifg res. 11 apr 2014 # 547). |
The state is supposed to be at the creation of the parliament fund to make an equity deposit. Changes of the deposit and the Applicability of the earnings of the deposit can be passed by the ministry.
The state of the state is not for the parliament's obligations.
Part Article SECTION 8. BoardThe parliament fund is supposed to have a board of seven members, as appointed by the ministry for four years at a time. The resolution applies until the accounting is concluded for the fourth year after the enlisting. The Ministry of the Ministry mentions two commodity members to the Board. Revition of members and commodity members can happen for an overall period of twelve years.
By the treatment of administrative matters, the Board of Directioned Board of Further one board member and one observer is selected by and among the staff members.
Board members and varammembers can three back before the service time is out with reasonable advance notice to the ministry.
If board members or varammembers resign or die within the time they are appointed for, new member or varammember is appointed for the remaining time.
The department is pointing the leader of the board. The board selects the deputy leader among his members.
Board members and varammembers shall have allowance that is determined by the ministry.
The stock Act Section 20-6 applies to the equivalent of the parliament fund.
| 0 | Modified by law 14 des 2012 # 83 (ikr. 1 jan 2013). |
The election of the parliament fund is hearing under the Board.
The board shall provide for the defensible organization of the business. The board is to keep informed about the parliament's business and duties to impose that business, herunder accounting and formability Management, is the subject of reassuring control.
The board shall be supervising the management of the management of the parliament fund and business by the way.
The stock Act Section 6-17 applies to the corresponding board of directors of the parliament fund.
CEO of the parliament fund is attributed to the board of directors. The CEO's allowance and pension is determined by the Board of Directing to the Ministry of Health.
The CEO stands for the daily management of the parliament's business and should follow the guidelines and cuts that the Board has provided.
The daily management does not include cases that are of unusual species or great importance.
The CEO is going to ensure that the parliament's account meets the requirements that follow by Section 12 of this law and that the formability management is arranged in reassuring fashion.
The stock Act Section 6-17 applies to the equivalent of the managing director of the parliament fund.
The board represents the parliament fund the public and draw its company.
The board can give board members or managing director the right to draw the parliament's company. Such a warrant can be determined in the ordinance, which can also limit the board's authority to provide the right to draw the parliament's firm.
The CEO represents the parliament fund the public in cases that fall within his or her authority after Section 10 of this law.
Has anyone representing the parliament fund's approval on behalf of the parliament fund exceeded its authority, the action is not binding on the parliament fund if the co-controversy realized or should recognize that the authority is exceeded and the therefore, fighting would be contrary to the integrity of doing right after the action of the current.
Part Article SECTION 12. Annual accounting and anniversariesThe parliament fund is fiscal growth after the accounting law and book-and-book precocious after the book pre-book law. The Ministry of Law may in regulation fill or absence regulations in the fiscal law of the parliament fund.
Annual accounting and annual report approved by the ministry and co-shared Parliament.
The parliament fund is supposed to have the auditor chosen by the ministry. The Ministry can in regulation determine provisions of audit.
The revisors allowance is to be approved by the ministry.
The board shall designate the parliament's internal audit. The board shall each year approve the internet audit's assets and plans. The Internet audit is reporting to the Board.
The wealth revision leads control with the administration of the state's interests and can conduct investigations into the parliament fund after law 7. May 2004 # 21 about the National Assembly audit and instruction determined by Parliament Parliament
Part Article SECTION 15. Replenishment rulesThe Ministry of Justice can in regulation determine closer rules for the parliament fund.
Part Article SECTION 16. Ipowertrecation and changes in other lawsThe law takes effect from the time the King decides. 1
From the time the law takes effect, the following changes are made in other laws :---
| 1 | From 1 jan 2008 ifg. res. 29 June 2007 # 937. |
Transfer to the self-employed judicial subject of the parliament fund of obligations related to the management of the Management organ a parliament fund has liberating the impact of the state. Formergers and other rights hagants cannot oppose the transfer or make the current that the transfer constitutes a waste-due process for the legal affair.
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The Eastern Transitional provisions are determined by the King.
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