Summary.
Article 1 addresses the authority of the National Public Services Authority (Autoridad Nacional de Servicios Público) to grant concessions for the provision of telecommunications services. It describes concessions under which concessionaires use transmission media to provide a public telecommunications service. The media listed include traditional and satellite media, wired media such as fiber optics, and wireless and digital media. The list also encompasses other media. The provision thus places the authority to grant concessions in the context of telecommunications services delivered through these forms of transmission.
Article 2 proposes allocating ten percent (10%) of the revenue received by the State from telecommunications service concessions to finance the Disability, Old Age and Death Program (IVM) of the Social Security Fund (Caja de Seguro Social). It identifies State revenue arising from those concessions as the basis for the allocation and specifies the percentage that would go to the program. It links this financing to program amounts that are currently below four hundred fifty balboas (B/.450.00). The rule concerns the proceeds received by the State from concessions, while Article 1 describes the relationship among the granting authority, concessionaires and the transmission media used to provide the service.
Article 4 provides for the repeal of any provision that conflicts with the proposed law. Its repeal clause is general and operates by reference to inconsistency with the bill’s provisions. Article 5 states that the proposed law would take effect upon its promulgation. Taken in sequence, the provisions address the authority to grant telecommunications concessions, direct a share of the resulting State revenue to the program, provide for the repeal of conflicting provisions and set the proposed law’s effective date.
The public entities connected with these provisions are the National Public Services Authority, which grants the concessions described; the State, which receives the revenue they generate; and the Social Security Fund, whose Disability, Old Age and Death Program (IVM) would receive the designated financing. The content could be of interest to, or affect, concessionaires and the telecommunications services sector because of the source of the allocated revenue. It could also be of interest to people connected with the program because the bill refers to program amounts currently below four hundred fifty balboas (B/.450.00).
What it proposes.
- Concessions for the provision of telecommunications services.
- Allocation of part of the State revenue from those concessions.
- Financing for the Disability, Old Age and Death Program (IVM).
Who it would affect.
- The State as recipient of telecommunications concession revenue.
- Telecommunications service concessionaires.
- The Social Security Fund and its Disability, Old Age and Death Program (IVM).
Key points.
- Addresses the authority of the National Public Services Authority (Autoridad Nacional de Servicios Público) to grant telecommunications service concessions.Art. 1
- Covers concessions for services delivered through traditional, satellite, wired, wireless, digital and other transmission media.Art. 1
- Lists fiber optics among the wired transmission media.Art. 1
- Allocates ten percent (10%) of State revenue from telecommunications concessions to the Disability, Old Age and Death Program (IVM) of the Social Security Fund (Caja de Seguro Social).Art. 2
- Links that financing to program amounts currently below four hundred fifty balboas (B/.450.00).Art. 2
- Repeals any provision that conflicts with the proposed law.Art. 4
- Sets the effective date upon promulgation.Art. 5