Subscription of 100 billion LBP from Beirut Municipality funds deposited with Banque du Liban to purchase 6-month Treasury bills

Type

Decision in force by operation of law

Number

23

Date of the text

25/06/2007

Official Gazette

published in 2007

Status today

In force as of 27/08/2026

Articles

1

What it provides

This decision authorizes the Beirut municipality to subscribe 100 billion Lebanese pounds of its deposits at the Central Bank to six-month Treasury bonds, reasoning that municipal law does not prohibit it despite a contrary Audit Court opinion.

The full text

This act was published in the Lebanese Official Gazette in 2007. Its full text and the original scan are in the Gherbal National Gazette archive.