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Public Finance (Control and Audit) (Amendment) Act 1995

REPUBLIC OF KIRIBATI
(No. 7 of l995)

I assent:

T. Tito
Beretitenti
23/10/1995

AN ACT TO AMEND THE PUBLIC FINANCE
(CONTROL AND AUDIT) ORDINANCE (CAP 79)

Commencement:
1995

MADE by the Maneaba ni Maumngatabu and assented to by the Beretitenti.

Short title

1. This Act may be cited as the Public Finance (Control and Audit) (Amendment) Act 1995.

Amendment of section 9

2. Section 9 of the Public Finance (Control and Audit) Ordinance as amended, is hereby further amended by repealing the words “$500,000” occurring in line 16 of subsection (2) and substituting the words $1,000,000.

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This printed impression has been carefully examined by me with the Bill which passed the Maneaba ni Maungatabu on the 15^th August 1995 and is found by me to be a true and correctly printed copy of the said Bill.

Clerk to the Maneaba ni Maungatabu

I certify that the above Act was on the 15th August 1995 passed by the Maneaba ni Maungatabu on a Certificate of Urgency under Section 68(3)(a) of the Constitution.

Speaker

Published by exhibition at the Maneaba ni Maungatabu this _____ day of ___________ 1995

Clerk to the Maneaba ni Maungatabu
_________________

PUBLIC FINANCE CONTROL AND AUDIT ACT 1995

EXPLANATORY MEMORANDUM

1. The principal object of this Act is to increase the amount of an advance that may be made from the Consolidated Fund from the existing $500,000 to $1,000,000 as this latter amount is more realistic in terms of financial commitments of Government and inflation.

2. Furthermore, in increasing the amount of elevate that may be made from the consolidated Fund from $500,000 to $1,000,000, this will enable Government to thoroughly truth the rents fir supplementary appropriation in budget and to ensure that such request are justified.

Michael N Takabwebwe
Attorney General
2 August 1995