Article 2 of Public Funds Protection Law

For the purposes of applying the provisions of this Law, public funds mean that which is owned by, or is subject by law to the administration of, any of the following entities, wherever those funds are located inside or outside the country: a - The State. b - Public authorities and public institutions. c - Companies and establishments in which the entities specified in the preceding two items contribute not less than 25% of their capital, directly or indirectly through companies or establishments in whose capital the State, public authorities, public institutions or other public legal persons hold any share. In determining the aforementioned capital percentage, account shall be taken of the shares held by the State or any other bodies having public legal personality or the companies referred Law Index 245 Home Page Public Funds Protection Law Law No. 1 of 1993 concerning the Protection of Public Funds to.