Ley 551 de 1999 | Ley 551 de 1999 — Colombia law | Esheria

Ley 551 de 1999

This is the preamble of Law 551 of 1999, which states that it modifies Law 7 of 1984.

Jurisdiction
Colombia
Instrument
Act or statute
Citation
Ley 551 de 1999
Version
Undated source snapshot
Language
es
Updated
Official source
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education funding education infrastructure fund administration fund allocation governance infrastructure funding inversión de fondos loan security public finance recaudo research stamp duty stamps university infrastructure use of earmarked revenue

Statute overview

About this statute

This is the preamble of Law 551 of 1999, which states that it modifies Law 7 of 1984. The law increases the authorized issuance of the “Pro Universidad Popular del Cesar” stamp up to COP 100,000,000,000, at constant value as of the law’s issuance date. The referenced resources must be invested 70% in specified university and teaching-related projects, and 30% in research projects. Public entities at the national, departmental, and municipal level operating in Cesar must apply the stamp levy covered by Article 1 of the law. Se crea una junta especial para administrar los fondos de la estampilla y asegurar que se destinen al fin previsto.

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