Revised Laws of Saint Lucia (2021)

40.   Power to make rules

For the purpose of regulating and controlling its financial operations, Invest Saint Lucia may make rules in respect of the following matters —

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    (a)     the manner in which, and the officers to whom, payments are to be made and be approved;

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    (b)     the bank or banks into which the moneys of Invest Saint Lucia are to be paid, the title or any accounts with any such bank, and the transfer of one fund from one account to another;

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    (c)     the appointment of a member or an officer of Invest Saint Lucia to countersign cheques on behalf of the chairperson or in the absence of the chairperson;

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    (d)     the sum to be retained by the officer authorized by the rules of Invest Saint Lucia to meet petty disbursements and immediate payments and the maximum sum that may be so disbursed for any one payment;

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    (e)     the method to be adopted in making payments out of the funds of Invest Saint Lucia; and

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    (f)     generally as to all matters necessary for the proper keeping and control of the finances of Invest Saint Lucia.