LAW 9 November 1979, n.70 (published in the albo of the Public Palace on November 14
1979)
Provisions on the General State Accounts. We the Captains Regent of the Most Serene Republic of San Marino

promulgate and publish the following law approved by the Great and General Council
its meeting of 9 November 1979.

TITLE I GENERAL RULES | || Chapter I - fundamental Principles 5

Art. 1

General principle The Republic of San Marino conducts its legislative and administrative activities in the field
economic, financial and social to the multiannual programming method of intervention.

5 Art. 2
Coordination between the State and public bodies
State bodies, public agencies or controlled by the public sector and state corporations
state, to achieve the goal of mutual coordination of interventions are required: | || a) to harmonize the structures of their budgets in order to enable the preparation of consolidated accounts
State;
B) to provide, mutual information on the formation of budgets and the adoption of other relevant
decisions on economic, financial and social situation;
C) to co-use information systems. The means of implementation of the above principles will be defined with
special Reggenziali Decrees.

5 Art. 3
Information requirements of economic and private activities
State laws that provide for interventions by direct or indirect support to sectors or sectors
of production structures and the economy, which will have the largest private sector companies and | || cooperatives are required to provide information on their investment and development programs aimed at better coordinating
private initiative with the decisions of the Public Administration.
The companies and other private businesses, ch benefit directly from public interventions
incentive development, they are held to account, in the manner prescribed by law, the correct use of public resources of
which shall benefit, as the purposes for which the same were provided
.

5 Art. 4
Financial Instruments programming
This Act takes as its main purpose the establishment of a relationship between financial instruments
State, their management and development planning.
Programming financial instruments:
a) the multi-annual budget, whose forecasts are c rrelate with those of the development program;
B) the annual budget.

5 Art. 5

Participation The state calls the representatives of economic and social institutions and peripheral categories to
participate in democratic form to the formation of economic and financial choices connected with
development programs, as well as the formation of such programs.

Chapter II Common provisions on training budgets

5 Art. 6
Financial year The financial year begins on January 1 and ends on December 31 of each year
.
For receipts and payments of established revenue and for the payment of the cost incurred by
December 31, the closure of the accounts has continued to the last day of the following February.

5 Art. 7
budgets Training
On the basis of the instructions issued by the State Congress and the supervision of the Secretary of State
for Finance and Budget, the Secretariat General Administrative prepares annually
in the manner established by this Act, the annual draft budget and multi-year forecasting
, as well as the general Account of the State.

5 Art. 8
Participation in the formulation of budgets
The Secretary of State for Finance and Budget ura the most 'extensive information and participation
peripherals and economic and social categories institutions on the choices made with the budgets.
To this end, before submitting the financial statements to the State Congress plans for its determinations,
sends a special report the patterns of proposals to the Township Councils and to the economic and social
Representations, setting a termin for the expression of their opinions and observations
.

5 Art. 9 Presentation of financial statements

The projects budgets, accompanied by an opinion obtained in the manner provided in the preceding article, as well
the Commission's opinion of the financial statements, are you adott by the State Congress and forwarded to
Great and General Council by the Secretary of State for Finance and Budget by 31 October.
Along with the draft financial statements referred to above are presented as attachments accounts, the budgets of the public bodies
or state-controlled and autonomous companies.

5 Art. 10
Forecasting and Planning Report

By 31 October the Congress of State, through the Secretary of State for Finance and Budget,
submit to the Great and General Council a forecasting and planning report that contains:
a) the illustration of general summary of the annual budget with a detailed justification
changes;
B) the information on the discretionary part of the expenditure and on the implementation of the main
expenditure laws;
C) the general economic situation, the lines of the economic and social policy of the state and the state of implementation choices
Economic Planning;
D) coherence between economic, scheduled in the multi-annual budget and resources available
.

5 Art. 11
periodic report of implementation of the budget
by 30 April and 31 July, the Secretary of State for Finance and Budget Commission presents to the Budget
a report on the implementation of the main choices of the
budget and spending programs, as well as a report on the case.

5 Art.
12 Approval of financial statements and reports
The financial statements and the reports are approved by law by December 31 of each year. Chapter III -
Read spending 5

Art. 13
Read ongoing or recurrent spending.
Laws only provide continuous or recurring expenses only contain standards, criteria, procedures and
purposes.
The determination of the expenditure for each financial year is fixed by the budget law.

5 Art. 14
Read contingent spending or recurrent
The laws that provide for long-term expenses not continuous or recurrent ve determine spending
each year as part of the multi-annual budget and the annual forecast.
The expenditure amount for each exercise can be modified with the budget law.
The law may also provide for expenses and contributions for a number of years than those
covered by multi-annual budget, setting the maximum commitment for each year and the maximum number of delivery
annuities.

5 Art. 15
Read spending comprising contributions to oas ggetti private entities.
Laws spending, comprising contributions to organizations or private entities, establish deadlines
within which these must implement all matters relating to disbursements and
said concessions.
When these terms are violated, the revocation of the concessions are arranged by the same body that has administrative
decided. TITLE II


BUDGET Chapter IV - Multi-annual Financial Statements 5

Art. 16 years of balance

The multiannual budget estimate covers a period of at least three years but not more than five;
it is attached to the annual budget and is approved by a special article of the law of
budget.
The multiannual budget is only drawn up in terms of competence;
it is updated annually on the occasion of the presentation with the annual budget.

5 Art. 17
characters and effect of the multi-annual budget
The multi-annual financial statements show the resources that the state plans to acquire and to bind to the
coming period considered, according to rules and regulations, the addresses of
development program and the possibility of new laws.
It is based on the finding of the financial coverage of liabilities arising from post
expenses charged to future years.
The approval of the multi-annual budget alone is not authorization to collect or spend
.

5 Art. 18

Structure of the multi-annual budget The multi-annual budget consists of:
a) estimates of revenue;
B) estimates of expenditure;
C) summary of the revenue to be issued and the spending programs for the general objectives.
The revenue and expenditure are classified as in the annual budget, according respectively to Articles 22 and 23. successes

Appropriate annexes provide executives with summary aggregations of homogeneous items by subject or coordinated programs
intervention, with the distinction of costs already provided for by rules and laws
, from those that are expected to make new laws or special acquisitions.
Attached are well exposed estimates of income and expenditure of the bodies referred to in Article 2.


5 Art. 19
Special Programs and coordinated intervention
They are broken down by special programs or coordinated intervention the approved expenses and those whose
approval is expected to occur with the budget law.
If the programs are being implemented, the multiannual budget document constitutes probative
of the degree of realization.

If programs have been at the processing or pending approval, the long-term budget india
resources allocated or which preved the acquisition to achieve them.
Chapter V - Annual Budget

5 Art. 20
Training of the estimated budget
Based on the indications provided by various departments, the Secretariat General Administrative
prepares by August 31 of each year the draft budget, which is transmitted
the Secretary of State for Finance and Budget for all matters referred to in articles 8 and 9.


5 Art. 21
Structure of the annual budget forecast
The annual budget forecasts shall be produced both in terms of expertise and in terms of cash
.
The annual budget shall be drawn up in line with the multi-annual budget estimate of

referred to in Article 16. The annual budget estimate comprises:
a) state an estimate of revenue ;
B) by the estimates of expenditure;
C) the summary table for the revenue bonds and the expenditure titles.
The expenditure forecasts referred to in subparagraph b) constitute the limit for permits is
of commitment and payment.

5 Art.

22 Classification of revenue The revenue of the state consist of all income, revenues and claims of every kind that
State has the right to collect and are divided into:
- securities, depending on whether tax, non-tax, or whether they come alienation and
amortization of assets, the Commission vulnerability of loans or mortgages or
by the lighting of the games around;
- Categories according to the nature of the assets;
- Headings, according to the organ which is entrusted with the investigation;
- Chapters according to the respective object.

5 Art. 23

The classification of expenses of the state expenses, which include all those that have to be made in accordance with laws or decrees
and those still necessary for the normal functioning of public services, are divided into
:
- titles, depending on whether they are attributable to the current part, the part of principal or
relate to the repayment of loans or games around;
- Sections, based on functional analysis;
- Sections, according to the department which administers the expenses or services to which they relate the
service charges;
- Categories, according to the economic analysis;
- Chapters according to the respective object.

5 Art. 24
appropriations for expenses
of competence and appropriations are budgeted in an amount corresponding to the needs of carrying out
of activities and interventions provided by laws and regulations and acts and contracts
legitimately hired.

5 Art. 25
Appropriations cash
The cash funds are recognized to the extent sufficient to cover the payments that
plans to carry out during the year following the commitments made previously and those authorized for the
'the same year.

5 Art. 26
Balance of competence
The total budget of expenses must match the total revenue that is expected to determine
during the year, including entrat resulting from recoveries of loans and from | || equipped with liquid capital authorized by the budget law.

5 Art.
27 Balance of cash budget
The total authorized payments can not be uperiore revenue that is expected to collect
year, added to the possible cash inventory.

5 Art. 28
universality and integrity of the financial statements
All revenues are recorded gross of collection costs and other expenses related to them.
All expenses are recorded without reduction for compensatory revenue.
And 'it is forbidden to off-balance sheet management.

5 Art. 29
Intervention Fund and reserve funds
in the budget form can be enrolled some general funds:
a) intervention fund for the financing of legislative measures in progress and is expected || | will be implemented during the year;
B) the reserve fund for compulsory expenditure, for rovvedere to pay higher expenses with
mandatory and amounts entered in the past into abatement residues and having
required by law;
C) the reserve fund for unexpected expenses, to provide for any shortcomings of
budgetary allocations for expenditure items other than those covered by the previous fund.
The funds referred to in subparagraphs b) and c) may not exceed five per cent of the total expenditure
.

5 Art. 30

Balances
In general summary of budgetary operations are shown separately:
- the balance of current transactions, equal to the difference between the total tax revenue and non-tax
, and the total current expenditure;
- The balance of the final budget operations (or net borrowing), equal to the difference between the final
income and total final expenditure;
- The overall budget balance, equal to the difference between the total final revenue and
out loans, and the total of final expenditure and repayment of loans.

5 Art. 31
beddings and budget changes
In the period between June 1 and October 31 of each year, after completion, by
of the administrative bodies in charge of all the procedures for the formation of budget
same prediction, the Congress of State, on a proposal from the Secretary of State for Finance and budget
, is entitled to submit to the Great and General Council a specific draft law, the purpose
bedding of the budget appropriations.
The transfer from one chapter to each of the funds allocated is the exclusive prerogative of the
Great and General Council.

5 Art. 32
Exercise provisional
The exercise of the provisional budget, if it proves impossible to comply with the terms of Article
12, may be allowed only with a special legislative measure of the Great Council and the General Assembly and not
can in each case continue for a period exceeding six months.
During the provisional budget, budget management is allowed for one-twelfth of the expenditure
provided for each chapter of the last budget forecasts approved as there are months
provisional process or the extent of the increased spending required in the case of mandatory
spending and not susceptible to commitments or payments in twelfths divisible.

5 Art. 33
Power on mortgages and loans
The ignition of loans or issuance of the existing loans to cover a deficit between the total expenditure and revenue
proposed in the budget during the year in question may be
authorized exclusively by the law of the forecast budget approval, or with the laws of variation
same.
The individual operations and its financial conditions and regulations shall be decided by an act administrative
of the State Congress, which is tnu
or notify the Commission of the Budget and to the Great and General Council in the session more ' next.

5 Art.

34 Cash advances to meet temporary cash deficiencies, the Congress of State may resort, by deed and administrative
hearing the opinion of the Commission of Budget, to short-term cash advances
, within the limits of the appropriations available under the prediction and subsequent changes in the budget.
By such acts must be reported to the Great and General Council at its first session.

5 Art. 35

State guarantees attached to the budget are the main and subsidiary guarantees extended by
in favor of state institutions, companies or other entities.

5 Art. 36
fiscal autonomy of the Regency and of the Council Great and General
The Ecc.ma Regency and the Great and General Council have an autonomous budget with
management autonomy in accordance with the appropriate internal regulations, for the mere functioning
expenses, excluding those for the srvizio staff.
At each balance sheet date the eventual surplus of Directors is transferred to the budget of the State and
applied to it. TITLE III GENERAL STATEMENT


Chapter VI - General rules on statements

5 Art. 37

The results of the management of the financial year operating results are summarized and shown:
- in the account of the budget;
- In the account of the residues;
- In behalf of state assets;
- In the cash account.
The connection between the account of the budget and other members of the General Account consists
special bridging exercise.

5 Art. 38
Development and presentation of the general accounts of the State
The Administrative Secretary General shall collect from the individual administrations, to
term financial year, all the data and accounting eementi needed To equip
the general accounts of the State for the year expired.
The project of the previous financial statements prepared in accordance with Article 37 and accompanied by a special
analytical report is submitted to the Great and General Council by the Secretary of State for

The Finance and Budget together with the following year's budget.

5 Art. 39

Conti attachments Along with the general statements are presented as attachments accounts, in the form of consolidated statement of financial transactions
entire public sector, the balance sheets of public bodies or
controlled sector public and independent companies.
Chapter VII - Budget Statement

5 Art. 40
elements of the budget account
The account of the budget, in relation to the budget classification, includes:
a) the competence of the year revenue, assessed, levied or to be levied;
B) the jurisdiction of the year expenditure committed, paid or payable;
C) the amounts paid into the Treasury and those paid for each chapter of the budget, clearly in
competence account and residual account.

5 Art. 41

Training of budget account at the end of the financial year and not later than March 31 of each year, the General Accounting
State shall transmit to the General Administrative Secretariat all the data for the year || | financial expired for the filling of the budget bill, the draft of which must reach
to the Secretariat of State for Finance and budget by June 30 for subsequent determinations
.
Chapter VIII - Statement of residues 5

Art. 42 Classification of waste
The revenue established and not collected are active compounds.
The expenditure committed and not paid up the arrears.
The active and passive residues are included among the assets and liabilities of the state and are classified
according to the same voices and the same as the budget criteria.

5 Art. 43
processing and presentation of the remaining
The statement of assets and liabilities residues, divided by administrations, is processed by the
Administrative General Secretariat according to the procedures laid down in Article 42.
this account must be drafted so that no entry relating to the residues can be imputed to
funds of competence and vice versa.

5 Art. 44
abatement residues of current expenditure
The residues of current expenses not paid within the second year following that which you refer
means Perishing the administrative effects.
The residues related to expenses for works, supplies and services can be maintained in the financial statements until
third financial year following that to which they refer.
The sums referred to in the second paragraph deleted to forfeiture, they can breed with
reassignment to the respective chapters for subsequent years.

5 Art. 45
Maintaining residual capital expenditures
The residuals of the capital expenditure can be maintained in the budget as long as there remains a need
of the expenses for which the appropriations were established and, in any case, no later than
one year following that in which the last payment was made.
The amounts thus eliminated may not be reproduced in subsequent years, unless you
refer to residues resulting from the amounts which the State has assumed obligation to pay for the contract or
in return for work performed or work and fornitue executed.

5 Art. 46
Playing Perishing residues and their payment
The sums necessary to pay the arrears eliminated in previous years
administrative forfeiture, if requested by the claimants, are taken from the fond
reserve for compulsory expenditure entered in the budget forecasting and assigned to the relevant chapters
.
Chapter IX - Statement of assets 5

Art. 47
Development Account heritage
Within the first six months of each year, the Administrative Secretary General shall prepare an elaborate
containing the findings of the state assets management during the financial year expired
.

5 Art. 48
General Account of state assets
The general account of state assets includes:
a) the assets and financial assets and liabilities with the changes arising from the
budget management and those that occurred for any other cause;
B) a demonstration of the various points of agreement between the accounts of the budget and the balance
.
For each financial year, the statement of assets should disclose the amounts in value to the principle
year, the changes that occurred duri thereof, and closing balances for distinctly
:
- real estate and furniture, receivables, debt securities, the industrial nature of property and other assets available
;
- Goods intended for state services and all three activities are not available;

- Consolidated liabilities, redeemable and different.

5 Art. 49

The structure of the balance sheet structure of the balance sheet is divided into the following sections: Section I
-
General Accounts Section II - Demonstration of the points of agreement between the account of the budget and that of the |
|| heritage Section III - general statement of revenue and expenditure
Section IV - assets and liabilities classified according to Departments that have under management.
44; 15
Art. 50
Section I - General Conti
These general accounts, preceded in turn by a co to synthetic summarizing them, are distinct
with the letters A), B), C), D), E ), and F).
They give consistency at the beginning and end of the year, as well as increases and decreases in
for individual species of goods, receivables and payables.
45; 15
Art.
51 Section II - Demonstration of the points of agreement between the account of the budget and what the heritage

This section summarizes the capital movements arising from the assessed budget of the
and determines the amount of ' net income to net expenditure, corresponding to
benefit or loss made by the management of the budget to the heritage expertise.
46; 15
Art. 52
Section III - general statement of revenue and expenditure
From the general account of the revenues and expenditure are the profits and losses of the account of the assets
under both the budget management as the management of assets.
47; 15
Art. 53
Section IV - Assets and liabilities classified according to Departments that have managed
In this section, the assets and liabilities are classified distinctly separate tables for each
Department and the related amount is summarized in a chart summarizing the results of which
agree with those of the synthetic account d in section I.
48; 15
Art. 54
Attachments of the general account of the heritage
The general account of the assets must be accompanied the give and take account of the Treasurer,
and the situation of the debts and credits of Tesor ria.
48; 15
Art. 55

classification of state assets The state assets are divided into public land and assets.
They belong to the state and are part of the public land the rivers, streams and lakes.
They are also part of the public domain, if they belong to the state, roads, highways, waterworks
, gas pipelines, power lines, railways, real estate recognized of historical, archaeological and artistic
, collections of museums, art galleries, archives, libraries and
cemeteries.
Shall also be subject to public property regime the real rights that belong to the state of goods
belonging to other parties.
The property belonging to the State, which are not of the kind of those listed above,
make up the assets of the state.
The sdemanializzazione of an asset and its passage to the available assets are made with
Reggenziale Decree.
48; 15
Art. 56
classification of the assets of the State
The assets of the state are divided into goods available and not available, and in real estate and furniture
.
48; 15
Art. 57
available capital goods and not available
goods are unavailable those who, for their destination at a public service or state or
to the law, can not be alienated or otherwise removed from the patrimony of the State,
while the remaining assets are classified among available.
They are part of the property non of the state forests, springs, rivers and lakes, quarries and peat bogs
whose availability is not subject to the landowner, as well as the objects and materials
historical, archaeological, palaeontological and artistic by anyone and in any way
found underground.
48; 15
Art.
58 Real estate and movable State
The capital property of the state are: terrni and buildings, and the buildings and other constructions
, even if joined to the ground on a temporary purpose, and generally all that
naturally or artificially it incorporated into the soil properties Most Excellent Chamber of the Republic.
They are regarded as immovable property, the effects of compiling the inventory, even museums,
art galleries, libraries, observatories and other similar institutions with art collections and scientific
contained therein.
The movable property of the state are distinguished:
a) movable property pertaining to civil-state service, ie furnishings Offices, collections of laws and decrees
, tools, machines, tools and the like;

B) shares, bonds and other rights considered movable property;
C) currency and foreign currencies and other assmilabili foreign securities;
D) material for the Uniformed Militia, the Guard and the Great and General Council, the Guardia di Rocca
, the Military Band and all other Military Corps;
E) artistic assets not included in the second paragraph of this article;
F) money, postal and numismatic values, titles and FFECTS that exist in the vaults and in the portfolio
state.
All movable objects, to any category apprtengano, are to be given over to
officials responsible with the loading report.
48; 15
Art.

59 Inventory of the state assets The inventory of public domain property is run by the General Accounting Office and
consists of a descriptive been taken from the land registry, or in the records of individual
administrations. Always by the State General Accounting must be formed within the last
day of February of the following year, the inventory of movable and real estate assets of the State
relevance, indicating the factors which make known the consistency and value.
Each Department must compile the inventory of real estate, furniture and materials pertaining
State, inoltrandone copy to the General Accounting Office by January 31 of the following
.
The general inventory ordinary audit is carried out with every ten years.
Exceptional revisions may be made by the State Congress by administrative act.
The results of the reviews under the two preceding paragraphs shall be notified to the Commission
Budget and the Great and General Council.
48; 15
Art. 60
Inventories and assessments of capital property
Capital real estate are described in inventories with the following information:
a) the name, quality and location;
B) the land registry numbers and estimates;
C) the titles of origin;
D) the extension;
E) the land value;
F) the servants', weights and charges of which they are burdened;
G) the use or service to which they refer and whose administration is entrusted to the Department;
H) the duration of the destination;
I) the serial number classification.
In these inventories it must also be indicated whether the goods are interest-bearing or non-interest bearing.
The inventories shall be prepared in triplicate. One copy remains at the General Accounting Office,
a second copy shall be forwarded to the Secretary of St to for Finance and Budget, the third
copy shall be forwarded to the Secretary General Administration, by the last day of February | || following year.
48; 15
Art. 61
Inventories and assessments of capital movable
Capital movable property are described in inventories that describe:
a) the designation of establishments and premises in which are found objects;
B) the name and description of the objects according to their different nature and especially;
C) the amount or number of each of the objects;
D) the classification, where possible, in new, used or out of use;
E) the amount, if this exceeds a threshold to be stared RSI with Reggenziale Decree;
F) the serial number classification.
The movable enroll in the inventories to their purchasing price or estimate.
You can see the changes in value will be carried out on the basis of certain indexes with
at least three resolutions of the State Congress.
The inventories are drawn up in triplicate and all inventory of movable property contains a recapitulation
distinguished by category and kind of matter.
The recaps are the only consistency to be held in evidence for each
consignee responsible.
One copy remains at the General Accounting Stat, a second copy is sent to the
Secretariat of State for Finance and Budget, the third copy shall be forwarded to the Secretary General
Administration, by the last day of February of the following year.
48; 15
Art. 62
Inventories and assessments of capital property and beautiful existing mobile assets abroad
The inventories of capital property and the existing movable property abroad are submitted in three copies
by the General Accounting Office State.
One copy remains at the General Accounting Stat, a second copy is sent to the
Secretariat of State for Finance and Budget, the third copy shall be forwarded to the Secretary General Administrative
by the last day of February the following year.
48; 15
Art. 63
General Inventory of capital property

The complex inventory stored at the State General Accounting
constitutes the general inventory of the capital real estate and movable property.
The increases, decreases, and transformations of vaore and texture of real estate assets
, must also be registered in the i inventory general.
48; 15
Art. 64
Administration of capital property of the State
The capital property of the State, subject to the prerogatives of Government Auditors are
administered by the Secretariat of State for Finance and Budget.
The property assigned to a public service are deemed to be free of charge to the Department by
which services depend.
48; 15
Art. 65
Administration of capital movable goods of the Congregation
Each State shall ensure the administration of movable assets assigned to use
right or services that depend on it.
Securities and values ​​that are part of the patrimony of the state are administered by the Secretary of State
for Finance and Budget.
Gains and losses arising from the administration of state assets entrusted to the various Departments
form an integral part of the heritage of the state.
Chapter X - Cash Account

5 Art. 66
Development of cash account
Based on actual data provided by the State Treasury on a monthly basis and at the end of each
financial year, the Administrative Secretary General shall, by March 31 of the year
next, processing of the cash account, consisting of the executive summary of the movements and
of the situation of debts and credits the Treasury, which are also from the summary statement that the
Treasurer of the State is required to submit to the Secretariat of State for Finance and Budget
within the two months following the close of each financial year, accompanied by the minutes of loading and unloading of all received
receipt books and those used for issuing receipts.

5 Art. 67

Management of the state budget The State, through the Treasury, manages cash services and treasury operations and financial,
entrusting its responsibilities to the State Treasurer, who, working in the employ of the | || Secretariat of State for Finance and Budget, administers a current and a cash reserve fund.
The current case is intended for daily receipts and payments and in it can only keep the
sum corresponding to the daily treasury requirements.
The reserve fund is intended for the safekeeping of cash and securities set aside to cover unforeseen needs
and in any case higher than girnaliero needs.

5 Art. 68.
Treasury operations, financial operations and cash services
Under the title of Treasury transactions include those arising from the management of the budget,
ie receipts and payments both in competence account that residual accounts.
Under the heading of financial transactions include those based on credit and debt, with
affect the assets of the state, such as fine-financing, guarantees and State funding in co to
interests in favor of entities , industrial, craft, commercial, agricultural and participation
state, public interest interventions and financial relations with foreign countries.
Under the heading of cash services refer to those transactions for the collection of state revenues and
payment of the costs of the various administrations, n because the compilation of forecasts and
cash accounts.

5 Art. 69
cash Quote
beginning of the financial year, the Treasury Department compiles a quote that includes all
cash receipts and payments that are to be carried in the same year and shall send || | to the Secretariat of State for Finance and Budget and the Secretariat General Administrative.

5 Art. 70
daily cash Situations
The Treasurer daily compile a descriptive note of the payments and of payments made in the course of the day
for the various tasks assigned, with the demonstration of existing values ​​in cash and current
and the reserve and send it to the General Accounting Office and the Secretary General Administrative
.

5 Art. 71
Monthly Treasury Statement
The Treasurer, on the basis of the descriptive note in the first part of the previous article, Redig
the monthly account of the Treasury, in which he summarized, for each entry title,
and the payments received, for each title of the expenditure, the payments made and, with an executive summary, it shall, within

The 10th of the following month, the Secretariat of State for Finance and Budget, the General Accounting
of the State and the Secretary General Administrative.

TITLE IV MANAGEMENT OF THE BUDGET
Chapter XI - Revenue Management 5

Art. 72 Assessment, collection and payment of revenue
All state revenues must be established, collection and payment.
These operations can be separated into Tempoe in the forms or simultaneous.
The revenues are considered proven when the discharging Administration reason the credit of
State and the debtor and shall endeavor to include as
competence of the financial year the amount of credit that is due within the 'the same year.
The revenues are considered received when the subject that was held has made payment of the relevant amount
each administration for the State Treasury.
The revenue derives paid when the relevant amount is acquired and made available at
the State Treasury.

5 Art. 73
Live Collection delegation to officials
State officials may be delegated administrative att Congress State
to collect revenue of competence in ways and forms to be determined by each act of delegation.
The amounts collected are paid weekly in Tsoreria state and daily in a special
current account book made out to the person with the fate and interests bound exclusively
favor of the State Treasury.
Withdrawals of cash sums in foreign currencies are paid on the first day next business
directly into the hands of a single official appointed for the purpose by the Secretary of State for Finance and Budget
.
The chief officer realizes the most of foreign currencies and pay the amount in pounds to the Treasury
State; or, following the conventions in force, paying the foreign currency account in a special
guarded by the Treasurer.
The Treasurer keeps track of foreign currency in cash pending the official exchange rate of the day.
At the end of the financial year, by administrative act of the State Congress, are
respectively credited or debited to the Treasurer gains and losses based on the
official exchange rate of December 31.

5 Art. 74
Reports of the delegates to the revenue officials
The delegates to the revenue officials based prev.elem nte article must periodically submit the statement
with all supporting documents of receipts, and at all times when the sums
introitate exceed the established limits in the albo of delegation.
The frequency indicated in the preceding paragraph shall be the act of delegation.
The deadline for submission of the report is fixed in ten days from the time limits set by the two previous paragraphs
.
Chapter XII - Management expenses

5 Art. 75
Commitment and payment of expenses
The expenditure commitments may be annual or perennial.
They are hired exclusively by administrative act of disbursement of expenditure both annual and multi-year
and can not exceed two years, UNLESS for capital expenditures.
The expenditure shall be committed when, within the limits of the appropriations available in separate
budget chapter, the competent administrative body has resolved to make the spending
expected to implement legislative acts , administrative, contractual or judicial.
Except as set out specific spending laws, or otherwise established by
Great and General Council, the competent administrative body is the State Congress.
The expenditure shall be paid when the Treasury to St implements the order of spending,
on the basis of payment issued by the Administration competent title, which must
preliminarily proceed with the liquidation of expenditures in the manner prescribed by Art.
78.

5 Art. 76
The bodies set up to meet the commitments
The State Congress decides on spending commitments in relation to individual administrative acts
fee expenses. The expenditure commitments relating to the delegates
measures set forth in articles 81 and 82 is decided by the individual Secret of State, Deputies and delegates Officials.
The State Congress, when it makes use of the option provided in article 82, resolution,
with the same act, the commitment of annual global spending on individual chapters.

5 Art. 77
recording of expenditure commitments
Every administrative measure involving commitment of expenditure, before its formal adoption and is
transmitted to the General Accounting Office for the verification of the exact charges, without any

Merit judgment, and commitment to the provisional record.
When the act is called, is communicated to the General Accounting Office for its commitment definitive
.

5 Art.

78 Validation of expenditure Validation of expenditure involves ascertaining the identity of the creditor and
exact amount of credit on the basis of legal and appropriate documentation by the Secretariat General Administrative
.
On winding provides the Secretary of State for Finance and Budget, except in case of
expenses for ordinary staff salaries, rental costs for recurring services and supplies to
public offices.
In the latter case it provides office through the Administrative General Secretariat.

5 Art. 79
request of the payment order issued
The Secretary of State for Finance and Budget and officials, in their respective competences related
settlement of expenditure, requests the issue of the payment order to the Accounting Office | || State General, transmitting the necessary supporting documentation.

5 Art. 80

Mandate Payment Payment of expenditure is willing to means of individual or collective mandate.
The title of expenditure signed by the Accountant of the State and the Administrative Secretary-General,
countersigned by the Secretary of State for Finance and Budget and transmitted to the State Treasurer
by the General Accounting Office.

5 Art. 81
Secretaries of State Deputies and delegates to the expenses
The Congress of State, by administrative act, puòdelegare individual Secretaries of State and Deputies to carry
, by a formal act and manner established by law, the costs relating to governed by the same
departments, within prescribed limits for both the global spending, which items of expenditure, and for each
spending limits to be defined in the administrative delegation, together with other procedural rules deemed
necessary.
The formal act by which it is disposed spending has informed the General Accounting
State and the Secretary General and Administrative constitutes agreement binding unless
there are no grounds for objection to accounting and procedural nature , in which case it is required to rule
the State Congress.

5 Art. 82
delegates Officials at small expenses and expenses urg nti
The Congress of State, by administrative act may delegate individual officials to make small
particularly urgent expenses and expenses for services under their control.
For this purpose is provided with opening of credit in co to trend in favor of these officials within
The amount limits defined and bound with interests exclusively in favor of the State Treasury
.
The administrative act referred to in the first paragraph Contie and all the rules, whose regulatory
value, aimed at regulating the spending procedures and time limits both global and for individual
expenditure in chapters spending permitted.

5 Art. 83
Reports of delegates officials the costs
The delegates officials expenditure under Prev nte Article 82 must submit the report, with
together with all supporting documents for expenditure, p odically and at all times when the | || expenses fund established with the opening of credit is exhausted.
The frequency indicated in the previous paragraph is fixed in the administrative delegation.
The deadline for submission of the report is fixed in ten days from the time limits set in the first two paragraphs
.

5 Art. 84
Communication of powers to the Commission of the Balance or
The acts of delegation referred to in Articles 73,81 and 82 are communicated to the Commission of
Budget, the Secretariat General and Administrative to the General Accounting Office. TITLE V CONTROLS


XIII Chapter - Controls 5

Art. 85
Commission's monitoring functions of the Budget
The Commission receives the financial statements by the State Congress the following acts which are subject to its ratification to become executive
:
a) works projects, installations, supplies of import not less than L.500 million;
B) acts and contracts that commit one or more 'exercises, at a cost of more than L.50 million;
C) purchases of properties by private treaty with an amount exceeding L.50 million;
D) a contract, works, equipment and supplies for an amount exceeding L.10 million.
If within fifteen days of receipt of the act is not the Commission for ratification or non
seeks clarification news, the act becomes executive.
The Commission may request clarifications and information on trmine referred to in the preceding paragraph shall commence
from the date of acquisition of the same.

The acts subject to ratification, if declared urgent by the Congress of State and can not be postponed, can be
immediately executed under the responsibility of the Congress itself under the first paragraph
letter b) of the next Article 90. || | 5
Art. 86
control over the management of projects and programs
The Congress of State may always have controls to manage projects and spending programs and intervention
to verify the efficiency, timely execution, regularity.
The results are communicated to the Commission for the Budget.

5 Art. 87
Control on Treasury
The supervision of the State Treasury Service is exercised by the Secretary of State for Finance and
the statements by the Secretary General who may call on the Administrative Accountant of the State or of
another duly designated staff.
The verification of the Treasury coffers is initiated by the Secretary or by the Commission in the Budget;
Verification must be performed at least every anual.
The Government Auditors may have special verification.

5 Art. 88
control of the delegated officials
The delegates Officials overseeing the collection and direct payment is exercised by
Secretary of State for Finance and Budget which makes use of the General Administrative Secretary
.
The Administrative Secretary-General is required to autonomous, periodic cash checks and inspections
referring to any measures, the Secretary of State for Finance and Budget
.

5 Art. 89
Supervision in the drafts of the inventories
On the formation of new inventories, on the status of-existing, and registration of changes,
each responsible office is subject to the supervision of the Secretary of State for Finance and the || | Report which can always ascertain the existence degliog ounces in accordance with the scriptures.

Chapter XIV Liability of directors and employees

5 Art.
90 Liability of members of the State Congress
The members of the State Congress respond jointly own and when:
a) contract commitments and have expenses payments authorized in the budget or not
deliberate; b) have not got the ratification of the spending berazioni taken on an urgent basis and run
.
The same respond individually when ordering executions without being
spending authorized under the legal forms.

5 Art. 91
Responsibilities of the Administrative Secretary-General and the State Accounting
The Administrative Secretary-General and the Accountant of the State based on their own when,
within their respective responsibilities and competences:
a) have allowed to pay expenses not duly authorized by laws and administrative acts executable
, or not justified with documentation;
B) have failed to record expenditure commitments to which the State is maintained and whose omission
has resulted in damage to the state.
They shall be exempt from liability when dimostrin he acted on written orders to be carried
were required.

5 Art. 92
Responsibilities of Delegates Officials Officials
The delegates are responsible for their own payments, receipts, records of
, the statements and the regular storage at them the money and documents relating
who delivering.

5 Art. 93
Responsibility of State employees
The employees of the State are personally and jointly liable when they take a course in
expenses relating to actions and become non-executive contracts and when they gave because the same violations.
The same personally liable only for acts performed in the exercise of the powers
inherent in their office.

5 Art. 94
Responsibility for handling money
Anyone without proper authorization, engages in the handling of public money, it responds
civilly, without prejudice to the prosecution where warranted extremes.

5 Art.

95 Duty to report Members of the State Congress, the officials responsible for services and employees of the State
are aware, for report received or otherwise any reason, for violating
the previous articles 90, 91, 92 and 94 should make a complaint to the State Congress, which will adopt the
measures of competence.
Where it is established that the damage suffered by the State for violation of the aforementioned Articles was to them
knowledge, the same directors, officers and dip ndenti that violated the obligation to participate in solid
complaint to recast the damage.

5 Art. 96
Responsibility of stakeholders of movable property

The stakeholders of objects and materials referred to in Article 58 last paragraph are civilly responsible
of the assets received in custody, until they have obtained legal discharge and
required to justify every transformation, decrease or loss of objects received over. TITLE VI FINAL PROVISIONS


Chapter XV - Final regulations, transitional and implementation 5

Art. 97

General Flow Statement 1979 1979 General statements will be prepared on basedella applicable law when approving the budget for the year 1979.

The arrears for financial year 1979 will be shared for residues of capital spending and current spending
residues.

5 Art. 98
Rules concerning budgets and accounts
The rules concerning the annual budget and the General Account shall come into force with
presentation of financial statements and the general accounts for the financial year 1980 and in any case the first
January
1980. the rules for the long-term budget entering the force with the presentation of financial statements and the
general accounts for the financial year 1981 and at 1 January 1981. 5

Art. 99

The first presentation of financial statements of the year 1980 budget and the General Account will be forwarded to
Great and General Council by Secretary of State for Finance and Budget by 30
November. 6 0


Art. 100
Before drawing up the general account of the heritage
The general account of the assets will be drawn up in accordance with this law from the financial year 1981.

6
1
Art. 101
Repeal laws and regulations
With the entry into force of this Act are abr gate the rules contained in the law May 23
1830 - Regulation of Economic Congress - and in the law 13 May 1886 - Rules | || Administration.
They are likewise repealed all other laws and regulations in conflict with this law
. 6


2 Art. 102
This Act comes into force after its legal publication.
Our Residence, this day of 13 November 1979/1679 Foundation of the Republic THE CAPTAINS REGENT

Giuseppe Friends - Germano De Biagi

THE SECRETARY OF STATE FOR INTERNAL AFFAIRS
Alvaro Selva