External documents published in 2009.
16 members of the National Parliament submitted a request for a material review on the state budget that had been previously been approved by the National Parliament. The petitioners referred to the Constitution and the 2005 Petroleum Fund Law as legal grounds for their request. The Court of Appeal’s decision on the request for a material review of the ESF was as follows: 1. The US$240 million Economic Stabilization Fund violates Articles 145.2, 95.2 (q) and 115 (d) of the RDTL Constitution. 2. The withdrawal of funds totaling US$290.7 million also violates Articles 8 & 9 of the 2005 Petroleum Fund Law and therefore the fund is declared illegal.Go to the article