Revised Laws of Saint Lucia (2021)

PART 17
MISCELLANEOUS

112.   Regulations

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    (1)   The Minister may make Regulations for giving effect to this Act.

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    (2)   Without prejudice to the generality of subsection (1), the Minister may make Regulations —

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      (a)     to prescribe appropriate accounting systems and procedures in accordance with international accounting standards;

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      (b)     to prescribe procedures for the issue of and accounting for, warrants authorizing disbursement from appropriations;

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      I     for the submission of reports or returns by accounting officers containing such information as the Minister requires;

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      (d)     management of public assets;

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      I     for financial management applicable for pre-disaster and post-disaster activities;

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      (f)     for the linking of fiscal principles to fiscal policy, and the assessment of fiscal performance, so as to ensure that fiscal principles determine the formulation of fiscal policy and are used to evaluate fiscal performance;

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      (g)     administration of the Contingencies Fund;

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      (h)     administration of the Sinking Fund;

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      (i)     setting out the criteria and procedures for the selection and prioritization of public sector investment projects;

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      (j)     for the reporting requirements on public sector investment projects.