Article 67:
The regulatory authority shall have the jurisdiction of formulating laws
and rules conducive to the realization of the well-being or warding off harm
to State affairs in accordance with the principles of the Islamic Shari‘ah. It shall
exercise its jurisdiction in accordance with this Law, and Laws of the Council
of Ministers and the Shura Council.
Article 68:
The Shura Council shall be established. Its Law shall set forth its
formation, the exercising of its powers and the selection of its members
The King may dissolve and reconstitute the Shura Council.
Article 69:
The King may summon the Shura Council and the Council of Ministers to
a joint session. He may invite whomever he chooses to attend said sessions in
order to discuss whatever matters the King chooses.
Article 70:
Laws, international treaties and agreements, and concessions shall be
issued and amended by Royal Decrees.
Article 71:
Laws shall be published in the Official Gazette, and shall be effective on
the date of publication unless another date is specified therein.
Part Seven
Financial Affairs
Article 72:
(a)
(b)
The Law shall set forth the provisions governing State revenues and
their delivery to the public treasury of the State.
Revenues shall be recorded and disbursed in accordance with the
rules prescribed by law.
Article 73:
No commitment may be made to pay funds out of the public treasury
except in accordance with the provisions of the budget. If budgetary
allocations do not cover such commitments, the commitment must be made
by a Royal Decree.
Article 74:
State property may not be sold, leased, or disposed off except in
accordance with the Law.
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