SECTION 11

(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.