(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
Transcription: Spot-checked
In force from 24-12-2019
Source page 13
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 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
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