Resolution No. 558 of 2015 of Georgian Government on Establishing Municipal Development Fund, Appointing its Supervisory Board and Adopting its Charter

This Resolution establishes the Municipal Development Fund, appoints its supervisory board and adopts its charter. The charter consists of 10 articles: General provisions (1); Objectives of the Fund (2); Functions and work areas of the Fund (3); Management of the Fund (4); Financial resources of the Fund (5); Financial management and audit of the Fund (6); Accounting measures (7); State control (8); Liquidation and reorganization of the Fund (9); and Amendments to the charter (10). The objectives of the Fund include supporting long-term and socio-economic development of municipalities; supporting the sustainable development of social and economic services of local communities; supporting investment in infrastructure projects of local (municipal), state and public importance; and improving the infrastructure of local (municipal), state and public importance.