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Public Finance (Management) (Amendment) Act 2013

PAPUA NEW GUINEA

Public Finance (Management) (Amendment) Act 2013,

No. 4 of 2013

Certified : 15 APR 2013

ARRANGEMENT OF SECTIONS.

1. Provincial Supply and Tenders Boards (Amendment of Section 39B).
2. Authority to pre-commit expenditure (Amendment of Section 47B).

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No. 4 of 2013.

An Act

entitled

Public Finance (Management) (Amendment) Act 2013,

Being an Act to amend the Public Finance (Management) Act 1995 to increase in the kina threshold amount for major procurement of goods and services (properties and stores).

MADE by the National Parliament.

1. PROVINCIAL SUPPLY AND TENDERS BOARDS (AMENDMENT OF SECTION 39B).

Section 39B of the Principal Act is amended in Subsection (1)(b) by repealing "K3,000, 000.00" and replacing it with "K5,000, 000.00".

2. AUTHORITY TO PRE-COMMIT EXPENDITURE (AMENDMENT OF SECTION 47B).

Section 47B of the Principal Act is amended in Subsection (1)(b) by repealing "K300, 000.00" and replacing it with "K500, 000.00".

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I hereby certify that the above is a fair print of the Public Finance (Management) (Amendment) Act 2013, which has been made by the National Parliament.

Acting Clerk of the National Parliament.
15 APR 2013

I hereby certify that the Public Finance (Management) (Amendment) Act 2013, was made by the National Parliament on 14 February 2013.

Speaker of the National Parliament
15 APR 2013