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Law No. 9/06 approving the National Development Fund (FND).

Pays/Territoire
Angola
Type du document
Législation
Date
2006
Source
FAO, FAOLEX
Source d'origine
Diário da República, I Série, No. 118.
Sujet
Agriculture et développement rural
Mot clé
Fonds spécial Développement agricole Mesures financières agricoles
Aire géographique
Afrique, Afrique Centrale, Pays les moins avances, Atlantique Sud
Entry into force notes
This Law enters into force on the day of its publication.
Résumé

This Law approves the National Development Fund (FND). FND is a set of values ​​that aims to finance national private sector projects within the country's development programmes. The Development Bank of Angola (BDA) is designated as exclusive financial manager of the FND, and it is responsible for administering and applying the resources of the FND, under the terms and conditions defined by the Government. It is incumbent upon the Government to define the terms and conditions for the management, administration and application of the resources of the FND, including the remuneration to be made to the BDA. The resources of the FND are: a) 5% of the total annual revenue from taxation on oil activity; b) 2% of annual global revenue from taxation on diamonds; c) other resources legally attributed to it.

Texte intégral
Portugais
Site web
www.legis-palop.org