Monday, 24 Feb 2020

Kanaan: Housing Law comes into effect immediately after its publishing in Official Gazette

Finance and Budget Committee Head, MP Ibrahim Kanaan, said in an interview with the Voice of Lebanon 93.3 radio station that "there is no obstacle to the publication of the law to open an LBP 100 billion credit to support the housing interests. The law can be published in the Official Gazette without the need for a new government."

"When a law is passed by the House of Representatives, it becomes effective when it is published in the Official Gazette, after the signature of the President of the Republic and the Prime Minister. The question was whether the PM-designate had the right to sign the law. It is assumed that we have overcome this problematic in the light of several precedents and jurisprudence. Therefore, there is no hindrance to the publication of the law in the Official Gazette without the need to wait for the new government," he said.

Source: National News Agency

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