Global InformationLey Reservada del Cobre information
The Chilean Law N° 13.196 known as Ley Reservada del Cobre (Spanish for "Restricted Law on Copper") was a highly controversial secret law ("restricted" in this context refers to the law not being freely available) issued on 29 October 1958 under the administration of Carlos Ibáñez del Campo in order to allocate revenues from the copper mining corporations for the purchase and maintenance of Materiel of the Chilean armed forces. The law was replaced in 2019, with the armed forces' finances scheduled to come under the national budget by 2029.[1]
- ^ Higuera, Jose. "Chile kickstarts new procurement funding system". www.janes.com. IHS Markit. Retrieved 15 September 2019.