We, Qaboos bin Said, the Sultan of Oman
after perusal of Royal Decree 26/75 Issuing the Law Governing the Administrative Apparatus of the State and its amendments,
and Royal Decree 56/82 Issuing the Financial Law and its amendments,
and in pursuance of public interest,
have decreed as follows
Article 1
The text of article 4(j) of the mentioned Financial Law is hereby replaced with the attached text.
Article 2
This decree must be published in the Official Gazette, and comes into force from the date of its issuance.
Issued on: 18 Jumada Al-Akhira 1408
Corresponding to: 6 February 1988
Qaboos bin Said
Sultan of Oman
Published in Official Gazette 377 issued on 15 February 1988.
Amended Text of Article 4(j) of the Financial Law
Article 1
The text of article 4(j) of the mentioned Financial Law is hereby replaced with the following text:
(j） Deciding on writing off losses incurred on public property where the value does not exceed ten thousand Rial Omani at a single time, and that is in cases where there is no person responsible for such losses or if it is impossible to identify him despite conducting the necessary investigation.
Charging the value of losses incurred on government cars to the government, and exempting the person responsible fully or partially from such value, and that is on the basis of a request by the minister or the head of the unit, and provided that the value does not exceed five thousand Rial Omani in a single instance.
In all cases, it is not permitted to write off the value of losses or charge them to the government in regard to amounts exceeding in their aggregate two hundred and fifty thousand Rial Omani in a single year.
The ministry shall at the end of each fiscal year prepare a comprehensive report on the incidents of losses whose value has been written off or charged to the government, and the reasons behind each of them and the means to avoiding them. The report must be submitted to His Majesty the Sultan by the deadline stipulated in article 26 of the law, and the ministry shall also prepare a quarterly report on this to be presented to the Financial Affairs Council.