Decree Law No.8 of 2015 on the Palestinian Agricultural Lending Institution.
Country
Type of law
Legislation
Abstract
This Resolution consisting of 24 articles aims at establishing the Palestinian Agricultural Lending Institution dependent on the Cabinet. Tasks of this institution are: granting loans to farmers and companies operating in the agricultural sector; encouraging the farmers to establish agricultural projects and projects for agricultural products processing also contributing to the corporates capital for a maximum of 15%; preparing studies on the economic and technical feasibility of the projects and their evaluation; and investing in the development of the agricultural sector and related activities. The management of this Institution is under the responsibility of a Council of 13 members, including the President. The Council has the following powers: draw and approve policies; open branches and offices; define terms and objectives of the loans; other financial activities of the Institution.
Attached files
Web site
Date of text
Entry into force notes
This Resolution enters into force on the date of its publication in the Official Gazette.
Notes
Law of 1963 on Agricultural Credit Corporation is repealed.
Repealed
No
Source language
English
Legislation Amendment
No
Original title
قرار بقانون رقم (8) لسنة 2015م بشأن المؤسسة الفلسطينية اللإقراض الزراعي