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Public Finance and Economic Management (Amendment) Act 2000

Assent: 24 April 2000
Commencement: 11 March 2002

REPUBLIC OF VANUATU

PUBLIC FINANCE AND ECONOMIC MANAGEMENT (AMENDMENT) ACT
NO. 12 of 2000

Arrangement of Sections

1. Amendment of section 39
2. Commencement.

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REPUBLIC OF VANUATU

PUBLIC FINANCE AND ECONOMIC MANAGEMENT (AMENDMENT) ACT
NO. 12 of 2000

An Act to amend the Public Finance and Economic Management Act No. 6 of 1998 (the “Principal Act”).

BE IT ENACTED by the President and Parliament as follows:

AMENDMENT OF SECTION 39

1. Section 39 of the Principal Act is amended by:

(a) adding at the end of paragraph (4)(a) “and”; and

(b) adding at the end of paragraph (4)(b) “and”; and

(c) deleting from paragraph (4)(c) “which” and substituting “because of a natural disaster or which”; and

(d) deleting subsection (5) and substituting the following subsection:

“(5) The total of the sums which may be authorised under subsection (4C) must not exceed:

(a) for natural disasters – 1.5% of the total sum appropriated by the Government for the current financial year; and

(b) for all other needs – 1.5% of the total sum appropriated by the Government for the current financial year.”.

COMMENCEMENT

2. This Act commences on the day on which it is published in the Gazette.

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