UNITED NATIONS, June 8 (Xinhuanet) -- Following are key points of a resolution unanimously adopted by the United Nations Security Council on Tuesday on the Iraqi power transfer:

    -- The resolution endorses the formation of a sovereign interimg overnment of Iraq, which will assume full responsibility and authority by June 30 for governing Iraq until a transitional government assumes office.

    -- It welcomes that, by June 30, the US-British occupation of Iraq will end and the Coalition Provisional Authority which has run Iraq will cease to exist.

    -- It reaffirms the right of the Iraqi people freely to determine their own political future and exercise full control over their own financial and natural resources. The interim government would play a primary role in coordinating international assistance.

    -- It endorses a timetable of Iraq's political transition, under which a transitional government would be elected by Jan. 31 and a permanent government would be formed by Dec. 31, 2005 in accordance with a permanent constitution.

    -- It calls for the United Nations, if security conditions permit, to play a leading role in helping Iraqis convene a national reconciliation conference, organize elections, and draft the permanent constitution, among other tasks.

    -- The Iraqi forces will operate under the authority of the interim government and will ultimately assume responsibility for maintaining stability in Iraq.

    -- The resolution authorizes the US-led multinational force to stay as requested by the Iraqi interim government. The force shallhave the authority to take "all necessary measures" to maintain peace in accordance with letters annexed to the resolution from USSecretary of State Colin Powell and Iraqi Prime Minister Iyad Allawi.

    -- The resolution includes a summary of the letters which says Iraq and the US command would coordinate policy issues "on sensitive offensive operations" to ensure their "full partnership"between Iraqi forces and the multinational force.

    -- The multinational force's mandate shall expire upon the completion of Iraq's political process, which is expected to end with the creation of the constitutionally-elected government by the end of 2005. The Security Council will terminate the mandate earlier if requested by the Iraqi government.

    -- The resolution approves the establishment of a separate force with a single purpose of providing security for UN staff andfacilities in Iraq. The force will be under the US command.

    -- It lifts the existing UN arms embargo on Iraq, but keeps in place the prohibitions on weapons of mass destruction.

    -- The Development Fund for Iraq, where Iraq's oil and natural gas revenues are deposited, shall be handed over to the interim government. The International Advisory and Monitoring Board will include an Iraqi representative and continue to exist to ensure the transparent use of the fund. Its mandate shall expire by Dec. 31, 2005.

    -- The resolution requests UN member states and international security organizations, such as NATO, to contribute troops to the multinational force. Enditem