Article 1.

The constitutional reserve fund foreseen in article 41 of the Constitution of Sancratosia, is managed by the Minister of State, assisted by the State Committee of the Constitutional Reserve Fund.

It includes a section dedicated to the commitments of public service members retirement; the State Committee of the Constitutional Reserve Fund is consulted by the Minister of Finances for the purpose of overseeing the management of the said section.

Article 2.

A) The revenues of the fund are comprised of:

1. the excess of revenues of expenses, remarked after the execution of the budget and the closure of the accounts pronounced in the conditions fixed in article 6 of the Sovereign Ordinance no 164 of 25 September 2023 on the Superior Commission of the Accounts;

2. the products and revenues of its movable and immovable goods;

3. the products from the sale of said goods;

4. the capital gains resulting from the reevaluation of these goods.

B) The expenses of the fund are comprised of:

1. the deduction, authorized by the law of the budget, to cover the excess of expenses on the revenues, under the conditions foreseen at article 41 of the Constitution;

2. the costs and expenses resulting from the management or the maintenance of its movable or immovable goods;

3. the purchase price of movable or immovable goods;

4. the losses resulting from the sale of said goods;

5. the capital losses resulting from the reevaluation of these goods.

Article 3.

Every year, the movable and immovable goods are the object of a reevaluation.

The operations of purchase or sale of movable or immovable goods and the operations of reevaluation are realized by the Minister of Finances, after advice of the State Committee of the Constitutional Reserve Fund, in conformity with the laws and regulations pertaining to the management of the private domain.

Article 4.

The budget surpluses for fiscal years not yet closed will be transfered into the Constitutional Reserve Fund in accordance of the dispositions of article 2 paragraph A, 1, mentioned above, as and when the accounts of the closure of the fiscal years it concerns.