Ley 1283 de 2009 | Ley 1283 de 2009 — Colombia law | Esheria

Ley 1283 de 2009

This text is the preamble for Law 1283 of 2009, which says Congress enacted changes to other laws.

Jurisdiction
Colombia
Instrument
Act or statute
Citation
Ley 1283 de 2009
Version
Undated source snapshot
Language
es
Updated
Official source
View official record ↗
fiscal oversight grant allocation municipal budgeting project approval project funding public investment resource oversight royalties allocation royalties and compensation distribution

Statute overview

About this statute

This text is the preamble for Law 1283 of 2009, which says Congress enacted changes to other laws. Municipalities receiving royalties and monetary compensations must allocate them to specified uses, including development projects, technical oversight, and minimum sectoral coverage. Los departamentos productores must allocate royalty and compensation funds mainly to priority projects, with set minimum shares for technical oversight, nutrition and food security projects, and some cases requiring 60% for basic coverage needs. Cormagdalena gets 10% of the Fondo Nacional de Regalías’ annual own income, and project approvals, reporting, and resource assignment must follow the steps and deadlines stated here. The article sets how monetary compensation from salt extraction contracts must be split among producer departments, producer municipalities/districts, and port municipalities/districts.

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