Ley 1530 de 2012 | Ley 1530 de 2012 — Colombia law | Esheria

Ley 1530 de 2012

This preamble identifies Law 1530 of 2012 and says it regulates the organization and operation of Colombia’s General Royalties System.

Jurisdiction
Colombia
Instrument
Act or statute
Citation
Ley 1530 de 2012
Version
Undated source snapshot
Language
es
Updated
Official source
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administración de regalías asignaciones directas budget allocation budget oversight collective decision-making committee support compensaciones compensation compensation pricing consulta técnica contracting decisión administrativa distribution of resources distribution of royalties environmental restoration exploración y explotación de recursos naturales no renovables financial reporting fund administration fund allocation fund distribution fund management geological surveying gobernanza governance +63 more

Statute overview

About this statute

This preamble identifies Law 1530 of 2012 and says it regulates the organization and operation of Colombia’s General Royalties System. This provision states the law’s purpose: to set how revenues from nonrenewable natural resource exploitation are distributed, managed, controlled, used efficiently, and assigned. The provision states the objectives and purposes of the General System of Royalties and includes an environmental duty for companies that explore or exploit non-renewable resources. This article lists the bodies of the General Royalties System and says they must exercise their powers and duties according to the law. La Comisión Rectora del Sistema General de Regalías define la política general, evalúa la ejecución y dicta regulaciones administrativas; además, sus decisiones se adoptan por mayoría calificada y la delegación de participación queda limitada a viceministros y al subdirector indicado.

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