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1990 Supplementary Appropriation Act 1990

TUVALU

1990 SUPPLEMENTARY APPROPRIATION ACT 1990
(Act 10 of 1990)

I assent

Toaripi Lauti PC
Governor-General

19^th December 1990

AN ACT to authorise a supplementary appropriation of moneys out of the consolidated fund for recurrent expenditure to the service of the year ending 31 December 1990.

(Commencement: 19th December 1990)

ENACTED by the Parliament of Tuvalu -

Short Title

1. This Act may be cited as the 1990 Supplementary Appropriation Act 1990.

Authorisation of Supplementary Appropriation

2. The Minister may, by Warrant under his hand, in addition to the sum already authorised for the service of the Ministry for Finance and Commerce for the financial year ending 31 December 1990, authorise the issue from the Consolidated Fund, for the service of the Ministry for Finance and Commerce for that financial year, of a sum not exceeding: Two hundred and thirty two thousand dollars ($232,000), and which sum shall be funded by a reduction of $50,000 in the sum previously appropriated to the Ministry for Works and Communications and by utilising the sum of $182,000 from the 1990 Budget Surplus, all of which sums shall be appropriated in accordance with the schedule for the purposes specified there.

SCHEDULE

Section 2

APPROPRIATION OF AUTHORISED SUPPLEMENTARY EXPENDITURE

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1990 SUPPLEMENTARY APPROPRIATION ACT 1990

EXPLANATORY MEMORANDUM
(This memorandum is not part of the Act)

This Act authorises the supplementary appropriation of moneys from the Consolidated Fund of Tuvalu in accordance with section 15 subsection 3 of the Public Finance Act as amended by the Public Finance (Amendment) Act 1989. This supplementary appropriation, amounting to $232,000, will be credited to the sums previously appropriated to the Ministry of Finance and Commerce by deduction from the Ministry of Works and Communications and from the 1990 Budget surplus to meet an urgent and unforeseen need which could not be deferred without detriment to the public interest, namely the subsidy towards the marketing and production costs of copra that will be incurred by the Tuvalu Copra Traders Cooperative during the year 1990.

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