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Special Fund (Plant and Vehicles) Ordinance

LAWS OF KIRIBATI
REVISED EDITION 1979

CHAPTER 95A

SPECIAL FUND (PLANT AND VEHICLES)

ARRANGEMENT OF SECTIONS

Section

1. Short title
2. Interpretation
3. Establishment of the Special Fund
4. Payments into the Special Fund
5. Payments out of the Special Fund
6. Plant and transport charges
7. Control of the Special Fund
8. Annual reports, etc.

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An Act to establish a special fund to finance the provision and maintenance of Government plant and vehicles

8 of 1979

Commencement: 1st January 1980

Short title

1. This Act may be cited as the Special Fund (Plant and Vehicles) Act.

Interpretation

2. In this Act—

"Government plant and vehicles" means all engine-driven engineering construction plant, engine-driven vehicles and trailers acquired by the Government;

"the Special Fund" means the Special Fund established in accordance with section 3.

Establishment of the Special Fund

3. A Special Fund, to be known as the Government Plant and Vehicle Fund, shall be established in accordance with section 13 of the Public Finance (Control and Audit) Ordinance. (Cap. 79)

Payments into the Special Fund

4. There shall be paid into the Special Fund—

(a) any money appropriated by the Maneaba ni Maungatabu for the purposes of the Fund; and

(b) any charges payable under section 6; and .

(c) the proceeds of the sale of any Government plant and vehicles; and

(d) money received from the proceeds of any investment, under section 13 (2) (a) of the Public Finance (Control and Audit) Ordinance, of money standing to the credit of the Fund; and

(Cap. 79)

(e) any other money lawfully available to the Fund.

Payments out of the Special Fund

5. (1) There shall be paid out of the Special Fund—

(a) the amount of any expenditure by the Republic on the procurement, provision, maintenance and operation of Government plant and vehicles; and

(b) if the Minister, with the concurrence of the Minister responsible for Government transport generally, so determines, the expenses, as assessed by the Minister, of the administration of the Fund.

(2) Money shall not be paid out of the Special Fund except in accordance with a warrant under the hand of the Minister authorising the Chief Accountant to issue the money to the accounting officer responsible for operating the Fund.

Plant and transport charges

6. The Minister, with the concurrence of the Minister responsible for Government transport generally, may from time to time fix charges to be paid by departments of Government, statutory corporations and other persons in respect of the operation and use by them of Government plant and vehicles.

Control of the Special Fund

7. (1) In the performance of his functions under this Act, and under section 13 of the Public Finance (Control and Audit) Ordinance in relation to the Special Fund, the Minister shall, subject to this section, use his best endeavours to manage the Special Fund in such a way that, taking one year with another, the income of the Fund is not less than sufficient to meet its outgoings, including debt charges and depreciation of Government plant and vehicles.

(Cap. 79)

(2) In the performance of his functions under subsection (1), the Minister is, in accordance with the Constitution, responsible to the Maneaba ni Maungatabu and is subject to the supervision of the Public Accounts Committee and the Director of Audit.

Annual reports, etc.

8. (1) The Minister shall, before the end of each financial year, submit to the Maneaba ni Maungatabu-

(a) a statement showing the estimated income and expenditure of the Special Fund for the current financial year; and

(b) estimates of the income and expenditure of the Special Fund for the next financial year.

(2) The Minister shall, as soon as practicable after the end of each financial year, lay before the Maneaba ni Maungatabu a report dealing generally with the operations of the Special Fund during the preceding financial year and containing the audited statement of account for that financial year.