Ley 302 de 1996 | Ley 302 de 1996 — Colombia law | Esheria

Ley 302 de 1996

This provision is the preamble to Law 302 of 1996, which states that the law creates the Agropecuary Solidarity Fund, grants certain authorizations, and sets out other provisions.

Jurisdiction
Colombia
Instrument
Act or statute
Citation
Ley 302 de 1996
Version
Undated source snapshot
Language
es
Updated
Official source
View official record ↗
access to credit agricultural crisis relief agricultural debt relief board composition commencement corporate governance data retention debt restructuring fund administration fund allocation fund resources government financing land acquisition land repurchase loan portfolio purchase loan purchase portfolio acquisition public funding publication recuperación de cartera regulatory incentives subsidy temporary investment

Statute overview

About this statute

This provision is the preamble to Law 302 of 1996, which states that the law creates the Agropecuary Solidarity Fund, grants certain authorizations, and sets out other provisions. This article creates the Agricultural Solidarity Fund and says its only purpose is to provide economic support for certain small and medium agricultural, forestry, aquaculture, and fishing producers to help with debt relief when the law’s listed situations occur. Si la Junta Directiva califica una situación de crisis, el Fondo de Solidaridad Agropecuario debe comprar la cartera indicada o intervenir según la ley; además, la Junta debe verificar el momento del evento y la permanencia de información negativa se limita a 15 días en un caso específico. The article lists the sources of the Fund’s resources and says some budget resources should increase each year where possible. El Fondo puede realizar ciertas operaciones sobre créditos, cartera, subsidios financieros, inversiones temporales y recompra de tierras, según lo determine su Junta Directiva.

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