(1) Local authorities may hold government stock acquired particularly through the purchase of securities, with capital derived from repayments by individuals, transfers, exchange balances, gifts and legacies.
(2) Investment in government stock shall be based on a resolution of the local authority concerned.
Official text
Spot-checked
In force from 24 December 2019
Source page 13
Section 61 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