Politics of Costa Rica approved in 1969 limits presidents and deputies to one term, although a deputy may run again for an Assembly seat after sitting out a term. The prohibition was officially recognized as unconstitutional in April 2004, allowing Óscar Arias to run for President a second time in the 2006 Costa Rican presidential elections, which he won with approximately a 1% margin. The President of Costa Rica has limited powers, particularly in comparison to other Latin American Presidents. For example, he cannot veto the legislative budget, and thus Congress is sovereign over the year's single most important piece of legislation. On the
Legislative Assembly of Costa Rica The modern assembly was created in the aftermath of the Costa Rican Civil War that deposed Teodoro Picado Michalski in 1948. José Figueres Ferrer headed a ruling junta that oversaw the election of a Constituent Assembly. Between 1948 and 1949, this Constituent Assembly created the Constitution of Costa Rica which lays forth the rules governing the assembly today. During each four-year legislative session, various political parties have occupied majority, minority, and coalition banks in the assembly. Costa Rica is the only Spanish-speaking Central American country not to return deputies to the supranational Central American Parliament. Legislative Assembly of Costa Rica