Law 1530 of 2012

This document is part of the source library for NRGI's 2017 Resource Governance Index, a comprehensive measure of the quality of natural resource governance in 81 oil, gas and mineral-rich countries. To access the full dataset and all other index resources, visit https://resourcegovernanceindex.org.

Data and Resources

Additional Info

Field Value
Extractive Sector Mining
Country Colombia
Year 2012
Natural Resource Charter Precept Precept 2: Accountability and Transparency, Precept 4: Taxation, Precept 5: Local Effects, Precept 7: Revenue Distribution, Precept 8: Revenue Volatility, Precept 9: Government Spending
Document Type Statute
RGI Sub-component Sovereign wealth funds
RGI Questions 1.2a: What is the fiscal system for extractive resources?,
1.2.6a: Is the government required to make all payments to the national treasury or deposit them into a national resource account, aside from amounts legally retained by SOEs?,
2.2b: Are there specific rules governing the transfer of extractive resource revenues (i.e. are these rules distinct from those governing other types of transfers)?,
2.2c: Do rules specify that subnational governments of producing areas should receive a higher share of extractive resource revenues than those of non-producing areas?,
2.2.2a: Do rules specify a formula governing the transfer of extractive resource revenues between the central government and subnational governments?,
2.3a: Does the country have a natural resource fund which is funded by extractive resource revenues?,
2.3.1a: Are there numeric rules governing the size of withdrawals from the sovereign wealth fund?,
2.3.3b: Is the sovereign wealth fund prohibited from investing in certain asset classes or investment types?,
2.3.5c: Do rules require an external body to periodically audit the sovereign wealth fund's annual financial reports?,
2.3.5d: Is the legislature required to review the sovereign wealth fund's annual financial reports?,
2.3.6c: From 2015 onwards, has the legislature reviewed the sovereign wealth fund's annual financial reports?
Did this document contribute to RGI scoring? Used for scoring
Are the RGI questions here tagged with law and/or practice Law and
Practice (Both)
Publisher President's Office
Author Colombian Congress
Source or API link http://www.ins.gov.co:81/normatividad/Leyes/LEY%201530%20DE%202012.pdf
Version 2017 Resource Governance Index
Maintainer Natural Resource Governance Institute
Maintainer Email Natural Resource Governance Institute