Revised Laws of Saint Lucia (2021)

20.   Funds and Accounts of the facilities established under the Agreement

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    (1)   All monies derived from the sale of corn at the feed mill and corn storage facility established under the Agreement shall be deposited into a separate identifiable account to be called “The Feed Mill Account” in one of the banks in the Island and may be withdrawn by the Government of Saint Lucia.

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    (2)   The funds of the Feed Mill Account shall be used only for the purchase of livestock feed, drugs and other supplies to be used in stocking the aforesaid feed mill and corn storage facility.

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    (3)   The livestock feed, drugs and other supplies shall be sold subject to the provisions of the Pharmacy Act or any order made thereon to the participants of the Heifer Peace Corps Pig project and all other livestock producers in the island.

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    (4)   The Government of Saint Lucia through the Authority shall maintain a separate set of accounts for all transactions financed under the Agreement and shall forward to the Agency every 3 months commencing from 30 September 1964 a statement showing the following—

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      (a)     the names and addresses of suppliers;

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      (b)     the invoice, dates and numbers of the said suppliers;

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      (c)     a general statement of the merchandise purchased; and

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      (d)     evidence of the payment thereof.

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    (5)   The Board shall retain in its records for inspection and review by the Agency, applicable contracts or purchase orders between suppliers, the suppliers' detailed invoices and evidence of payment.

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    (6)   The Board shall also make available to the Agency its sales records covering receipt by the ultimate user.

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    (7)   All the aforesaid records shall be available to the Agency for a period of not less than 3 years following the transaction.