Constitución en Inglés

265 Corte Constitucional de Colombia The balance will be allocated to savings for pension liability and to savings for investment stabilization. The main revenue stream with regard to the biannual budget for royalties will be allocated as follows: 20 percent to improve the revenues of territorial entities where nonrenewable natural resources are explored and exploited, as well as municipalities with maritime or fluvial ports through which these resources or products derived from them are transported; 10 percent for the country’s poorest municipalities, based on basic unsatisfied needs and population; 20 percent for conservation of strategic environmental areas and the fight against deforestation; 5 percent for projects of entrepreneurship and generation of employment that progressively allow the participation of the local workforce in different economic activities related to the exploitation of nonrenewable natural resources; and the remaining 45 percent will be allocated to the savings of departments, municipalities, and districts. The law referred to in Article 360, Subsection 2 of the Political Constitution will regulate all of this article’s content, in such a way that the investment projects are aligned with the National Development Plan and the territorial entities’ development plans. Similarly, this law will determine the conditions for prioritization of investments in potable water and basic sanitation, educational infrastructure, generation of formal employment, and other investment sectors, as well as coastal, border, and peripheral zones. Likewise, the law will regulate decision-making processes and procedures for the definition of the investment projects, which shall observe the principle of planning with a participatory, democratic, and consensual approach. In such instances,