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FGF Law: Relevant Extracts

IN THE NAME OF GOD, THE COMPASSIONATE, THE MERCIFUL

Law Decree No. 106 for the year 1976 concerning the
Reserves for Future Generations

We, JABER AL- AHMED AL- JABER AL-SABAH, Deputy Amir of Kuwait &Crown Prince, After reviewing the Amiri Order issued on 4th Ramazan 1396 A.H. corresponding, To 29th august,1976 for revising the Constitution, And upon Articles 21, 61 & 140 of the Constitution, And upon Law No. 1 for the year 1960, governing the basis of preparation of the General Budget, the control of implementation of the same and the amended closing account by Law No. 4 for the year 1976.

And upon the proposal of the Minister of Finance and after approval of the Council of Ministers, we have decreed the following Law:

An amount of 10% (ten per cent) shall be allocated from the State's General Revenues every year, as from the fiscal year 1976/1977.

Deputy Amir of Kuwait JABER AL-AHMED AL-JABER AL-SABAH
Deputy of the Head of Council of Minister : JABER AL-ALI AL-SALEM AL-SABAH Minister of Finance : ABDUL RAHMAN SALEM AL- ATEEQI .

Issued at Sief Palace on 7 Thulheja 1396 H. corresponding to 28 Nov. 1976.