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Tuvalu Consolidated Legislation - 2008 Edition

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Public Finance Act - Tuvalu Reserve Fund (Special Fund) Order

LAWS OF TUVALU
2008 Revised Edition


TUVALU RESERVE FUND (SPECIAL FUND) ORDER


CAP. 4.20.3


MADE UNDER SECTION 20 (1) OF THE PUBLIC FINANCE ORDINANCE1


1 Citation


This Order may be cited as the Tuvalu Reserve Fund (Special Fund) Order.


2 Establishment of Reserve Fund


There is hereby established a Special Fund to be known as the Tuvalu Reserve Fund (hereinafter known as "the Reserve Fund") which shall be a revenue reserve fund for Tuvalu.


3 Revenues of the Fund


There shall be paid into the Reserve Fund —


(a) such moneys now in the hands of the Tuvalu Government as are specified in the Schedule, being moneys received at or about the time of and in consideration of Tuvalu's Independence Celebrations;


4 Use of the Fund


The revenues of the Reserve Fund shall be used for such purposes as Parliament may from time to time specify by resolution and shall meanwhile be invested in such manner and on such terms as the Minster, in his discretion, may think fit.


____________


SCHEDULE
(Paragraph 3)


DONOR
AMOUNT $
1 Tuvalu Philatelic Bureau Ltd.
525,000.00
2 Gilbert Islands Government
10,000.00
3 Government of Papua New Guinea
18,960.00
4 Dr. Seanoa Ka and family
100.00
5 Tuvalu people in Western Samoa
275.85
6 Iosefa Lameko
50.00

554,383.85

_______________
ENDNOTES
1 LN 18/1978, LN 4/1979


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