LAW OF THE AZERBAIJAN REPUBLIC

of October 25, 2011 No. 216-IVQD

About modification of the Law of the Azerbaijan Republic "About bases of finance of municipalities"

Being guided by Item 7 of part I of article 94 of the Constitution of the Azerbaijan Republic, Millie decides Majlis of the Azerbaijan Republic:

Part 3 of article 11 of the Law of the Azerbaijan Republic "About bases of finance of municipalities" (Collection of the legislation of the Azerbaijan Republic, 1999, No. 12, Article 690; 2001, No. 12, Article 736; 2002, No. 5, Article 242; 2004, No. 4, Article 202; 2005, No. 2, Article 62; 2007, No. 11, Article 1082; 2010, No. 3, Article 173) to state in the following edition:

"3. Municipalities submit the semi-annual and year performance reports of the local budget at the meeting of municipality according to the procedure established by their charters. Semi-annual financial statements shall be submitted to the 15th day of the next month after the accounting period, and annual financial reports - till January 30 of the next year. Municipalities approve the submitted financial statements within 15 (fifteen) days by the decision of meeting of municipality. For the purpose of acquaintance of local population municipalities distribute the annual statement by means of the announcement, the bulletin, the sheet, local press, the website and other means.".

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