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. 11

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