2023 Laws not yet authenticated through a Commencement Order

Revised Laws of Saint Lucia (2023)

9.   Allocation of Funds

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    (1)   The Commission shall take into account the objectives outlined in regulation 6 when allocating funds for Fund projects.

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    (2)   In identifying projects for fund allocation the Commission:

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      (a)     shall promote the establishment of efficient, self-sustaining entities, which may continue to expand access to telecommunications on their own initiative, requiring the minimum amounts of Fund resources possible;

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      (b)     may use the Fund to support projects that may not be economically feasible without Fund support;

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      (c)     may use the Fund to finance projects to the extent necessary to create adequate economic incentives for investors.