Regulatory Alerts2024-02-15 | DOF 5716949Added
Guidelines for the Use of Resources for Pavement Actions in Municipalities Derived from Proceeds Generated by the Regularization of Used Foreign Vehicles During the 2024 Fiscal Year
The Secretariat of Finance and Public Credit establishes specific rules for the application, monitoring, and transparency of federal subsidies allocated to municipalities for pavement projects, funded by proceeds from the regularization of used foreign vehicles during the 2024 fiscal year. Subsidies must be transferred to states and then to municipalities within ten business days of receipt, with all funds required to be committed by December 31, 2024, and uncommitted amounts returned to the Federal Treasury by January 15, 2025. The guidelines mandate quarterly reporting on fund usage, require the retention of 5 per mille from contractors or allocation of 1 per mille for direct administration oversight, and prohibit the use of funds for current expenses except for specific indirect costs.
More like this from SHCP
SHCP published 15 documents in the last 30 days. We email you each new one the day it's published.