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Revised Laws of Saint Lucia
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YOUTH ECONOMY ACT
Revised Laws of Saint Lucia (2023)
Back to Revised Laws of Saint Lucia (2023)
YOUTH ECONOMY ACT
ACT
PRELIMINARY
1. Short title and commencement
2. Interpretation
PART I YOUTH ECONOMY AGENCY
DIVISION 1 Youth Economy Agency
3. Establishment of the Agency
4. Functions of the Agency
5. Powers of the Agency
6. Principal place of business
7. Tax exempt status
8. Policy directions from the Minister
DIVISION 2 Board of the Agency
9. Constitution of the Board
10. Designation of the Chairperson and election of the Deputy Chairperson
11. Term of appointment
12. Functions of the Board
13. Powers of the Board
14. Delegation of functions or powers
15. Evaluation Committee
16. Disqualification
17. Leave of absence
18. Resignation
19. Revocation
20. Vacancy
21. Temporary appointment
22. Meetings
23. Co-opting
24. Quorum
25. Declaration of interest and abstention from voting
26. Minutes of a meeting
27. Decisions of the Board
28. Seal
29. Signification of other documents
30. Service of documents
31. Board to regulate its own procedures
32. Remuneration
DIVISION 3 Appointment of the Chief Executive Officer and Employees of the Agency
33. Appointment of the Chief Executive Officer
34. Functions of the Chief Executive Officer
35. Delegation of functions
36. Employees of the Agency
37. Oath of secrecy and confidentiality
38. Protection from liability
DIVISION 4 Finances of the Agency
39. Revenue of the Agency
40. Management of finances and application of revenue
41. Borrowing, guaranteeing and other contingent liabilities
42. Estimates of revenue and expenditure
43. Strategic, financial, operational and business plan
44. Accounts and audit
45. Quarterly and annual reports
PART II YOUTH ECONOMY PROGRAMME
46. Application for Youth Economy Programme
47. Due diligence checks
48. Approval or refusal of application
49. Obligations under the Youth Economy Programme
50. Discontinuation of the Youth Economy Programme
PART III TAX RELIEF AND EXEMPTIONS
51. Application for an approved youth economy project
52. Supporting information
53. Compliance
54. Determination
55. Order by the Minister
56. Failure to comply with conditions
57. Monitoring of compliance
PART IV MISCELLANEOUS
58. Fees
59. Guidelines
60. Amendment of Schedules
61. Regulations
Schedule 1
Schedule 2
SUBSIDIARY LEGISLATION