(1) Local authorities shall have their own budgets and resources for the management of regional and local interests.
As such, they shall:
- freely draw up and vote their budgets;
- have their own resources;
- receive resources from the State and other public or private sector entities;
- receive all or part of the proceeds from the exploitation of natural resources within their territory, under the conditions laid down by law;
- generate the resources needed to promote the economic, social, health, educational, cultural and sports development in their areas of jurisdiction.
(2) The resources referred to in sub-section (1) above shall be freely managed by regional and local authorities under the conditions laid down by law.
Official text
Transcription: Spot-checked
In force from 24-12-2019
Source page 3
The document's transcription was spot-checked against the supplied source; this does not confirm a line-by-line review of every provision.
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Section 11 of the Law No 2019/024 of 24 december 2019 bill to institute the general code of regional and local authorities/akn/cm/act/loi/2019-12-24/2019-024
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