RESOLUTION OF PARLIAMENT TO TRANSFER FUNDS FROM THE CONSOLIDATED FUND TO THE CONTINGENCIES FUND – SECTION 16
Commencement [11 August 2023]
RESOLUTION
WHEREAS it is provided under section 16 of the Public Finance Management Act, (the Act), that the Minister of Finance may, by an affirmative Resolution of Parliament, transfer from the Consolidated Fund a prescribed sum as may be required for the operation of the Contingencies Fund;
AND WHEREAS it is further provided under section 19(1) of the Act that the Minister of Finance may, in the case of an urgent or unforeseen need for expenditure, by a Contingencies Fund Warrant and in anticipation of the grant of an appropriation by Parliament, authorize an advance from the Contingencies Fund where —
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(a) no monies have been appropriated or for which the sum appropriated is insufficient;
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(b) funds cannot be reallocated as provided for under section 43;
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(c) public monies cannot be deferred without serious detriment to the public service;
AND WHEREAS the Minister of Finance considers it necessary to transfer from the Consolidated Fund to the Contingencies Fund the amount of XCD5,400,000.00 to —
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(a) support the recovery efforts of the Department of Education, Sustainable Development, Innovation, Science, Technology and Vocational Training due to the passage and damage caused by Tropical Storm Bret;
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(b) cater for future emergencies;
BE IT RESOLVED that Parliament authorizes the Minister of Finance to transfer from the Consolidated Fund to the Contingencies Fund the amount of XCD5,400,000.00 to —
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(a) support the recovery efforts of the Department of Education, Sustainable Development, Innovation, Science, Technology and Vocational Training due to the passage and damage caused by Tropical Storm Bret;
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(b) cater for future emergencies.