Resolution No. 47/T of 2006 issuing the Implementing Directives for Legislative Decree No. 91 of 2005 regulating the Fund for Financing the National Project on Shifting to Modern Irrigation.

This Resolution is composed of 8 articles. Article 1 gives terms and definitions. Article 2 decrees that the seat of the Fund shall be at the Ministry of Agriculture and Agrarian Reform. Article defines the competence of the Fund to finance equipment and costs of the shifting to modern irrigation. Article 4 deals with the contribution of the Fund in financing beneficiaries and the definition of mechanism for granting loans. Article 5 provides for calling in of loans from beneficiaries. Article 6 entrusts the Directorate of the Project to prepare an annual plan for shifting to modern irrigation in accordance with fixed and prearranged priorities. Article 7 deals with the accounting procedures and directives related to the Fund.