DRAFT LAW ON CONTROL CHAMBER DISCUSSED IN FIRST READING<br />


DRAFT LAW ON CONTROL CHAMBER DISCUSSED IN FIRST READING

  • 27-11-2006 20:50:00   | Armenia  |  Economy
YEREVAN, NOVEMBER 27, NOYAN TAPAN. The draft of the new law on the Control Chamber and a package of amendments and additions to 8 laws based on this draft were discussed in first reading at the November 27 special siiting of the RA National Assembly. The adoption of the new law is conditioned by the constitutional amendments made a year ago. The law will take effect after the election of the parliament of the next convocation. Since that moment, the RA Law on the RA National Assembly Control Chamber will lose its effect. Unlike the current law, the RA Control Chamber (CC) is an independent state body implementing the external state control over the use of budgetary resources and the state and community property. The chamber will be governed on the principle of collectivity. Its chairman will be appointed by the National Assembly at the recommendation of the RA president for a 6-year term. The Control Chamber's governing body - the Council will be composed of 7 members: the CC chairman, deputy chairman and 5 members. The CC will implement control by carrying out monitoring, check-ups and analysis in accordance with an annual program approved by the NA's decision. The CC will be the legal successor of the RA NA, and within a year after the law takes effect, the CC will implement the annual program of its activities adopted by the RA National Assembly.
  -   Economy