Ley 1216 de 2008 | Ley 1216 de 2008 — Colombia law | Esheria

Ley 1216 de 2008

This is the preamble to Law 1216 of 2008, which states that Congress of Colombia partially modifies Law 85 of 1993.

Jurisdiction
Colombia
Instrument
Act or statute
Citation
Ley 1216 de 2008
Version
Undated source snapshot
Language
es
Updated
Official source
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budget allocation capital expenditure commencement fundraising public stamp issuance revenue allocation stamp issuance supersession university funding

Statute overview

About this statute

This is the preamble to Law 1216 of 2008, which states that Congress of Colombia partially modifies Law 85 of 1993. The Department Assembly of Santander is authorized to order issuance of the “Pro-Universidad Industrial de Santander” stamp. The law says how to distribute 75% of the amount referred to in article 1 among several university spending purposes. The remaining percentage is to be divided into 40% for maintenance, expansion, and improvement of the current physical facilities, 30% for equipment and supplies needed for research, and 30% for priorities set by each entity’s board of directors. La emisión de la estampilla Pro-Universidad Industrial de Santander queda autorizada hasta por 200.000 millones de pesos.

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