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Article 128: State Loans and State Property

Chapter XIHigh

Constitution Text

“Decisions concerning state loans and other basic property liabilities of the State shall be adopted by the Seimas upon the proposal of the Government. The procedure for the possession, use, and disposal of state-owned property shall be established by law.”

Summary

Decisions on state loans and other basic property liabilities of the State are adopted by the Seimas on the proposal of the Government. The procedure for possessing, using and disposing of state property is established by law.

Key Points

  • •Decisions on state loans are adopted by the Seimas.
  • •The Seimas decides on the proposal of the Government.
  • •The same applies to other basic property liabilities of the State.
  • •Possession, use and disposal of state property are regulated by law.

Practical Example

When the State borrows on international markets for a large infrastructure programme, the decision is taken by the Seimas on the Government's proposal.

Exam Tips

Memorise the pair of actors: the Government proposes, the Seimas decides on state loans.

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