Cabinet Resolution Regarding the Adoption of the Procedures Manual for the Establishment of Private Funds in the Federal Government
Formal Name: Formal Name Cabinet Resolution No. (11) of 2022 Regarding the Adoption of the Procedures Manual for the Establishment of Private Funds in the Federal Government
The Cabinet:
− Having reviewed the Constitution;
− Federal Law No. (1) of 1972 Regarding the Competences of Ministries and the Powers of Ministers, as amended;
− Federal Decree by Law No. (26) of 2019 Regarding Public Finance;
− Cabinet Resolution No. (4) of 2019 Regarding the Procurement and Warehouse Management Regulation in the Federal Government, as amended; and
− Upon the proposal of the Minister of Finance, and the approval of the Cabinet;
Hereby resolves as follows:
Article (1)
The procedures manual for establishing Private Funds in the Federal Government, attached to this Resolution, is hereby approved.
Article (2)
The Federal Entities that have funds established prior to the issuance of this Resolution, shall regularize their status in accordance with the provisions of the Manual attached hereto, except for the provisions related to determining the size of the Private Funds.
Article (3)
This Resolution shall be published in the Official Gazette, and shall enter into force from the day following the date of its publication.