(1) A Common Decentralization Fund for the partial financing of decentralization is hereby instituted.
(2) Each year, the Finance Law shall determine the fraction of State revenue to be allocated to the Common Decentralization Fund referred to in sub-section (1) above.
(3) The fraction referred to in sub-section (2) above may not be less than fifteen percent (15%).
II – Balance between Devolved Powers and Resources
Official text
Transcription: Spot-checked
In force from 24-12-2019
Source page 6
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 25 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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