Article 165: Allocation Among Various Budgets

The fixed fees, the tax on the extraction of mineral substances other than Precious Metals, the tax on the industrial or semi-industrial production of Precious Metals, the tax on Quarry Substances, the export tax on mineral substances other than on precious substances and the export tax on artisanal gold production, paid to the National Budget by holders of Mining Titles or Authorisations, are distributed as follows:

National Budget ...eighty per cent (80%)

Direct support to the local budgets of all Local Communities of the country ................fifteen per cent (15%)

Mining Investment Fund ….five per cent (5%) La taxe

The export tax on artisanal, industrial and semiindustrial production of Precious Stones and Gemstones referred to in Article 164 is distributed as follows:

National Budget ............... sixty seven percent (67%)

Bureau National d’Expertise (BNE) ..............................twenty one percent (21%)

Expert Evaluator....................twelve percent (12%)

based on the contract between the expert evaluator and the Ministry in charge of Mines.

The corresponding amounts are published in the Official Gazette and on the official websites of the Ministries in charge of Mines, Decentralization and Finance.

The terms for the use, management and monitoring of the resources allocated to the Local Collectivities pursuant to the preceding provisions are determined by a joint order of the Ministers in charge of Mines, Decentralization and Finance, in accordance with provisions of the Local Communities Code.