Home | Databases | WorldLII | Search | Feedback Solomon Islands Sessional Legislation

2004 Appropriation Act 2003

SOLOMON ISLANDS

THE 2004 APPROPRIATION ACT 2003

(NO. 4 OF 2003)

Passed by the National Parliament this fourth day of December 2003.

This printed impression has been carefully compared by me with the Bill passed by Parliament and found by me to be a true and correct copy of the said Bill.

Clezy Rore
Deputy Clerk to Parliament

Assented to in Her Majesty's name and on Her Majesty's behalf this thirty-first day of December 2003.

Sir Peter Kenilorea
Acting Governor-General

Dated of commencement: date of publication in the Gazette.

AN ACT TO APPROPRIATE SEVEN HUNDRED AND FIFTY SIX MILLION FIFTY ONE THOUSAND FOUR HUNDRED AND SEVENTY TWO DOLLARS. TO THE SERVICE OF THE YEAR ENDING 31^ST DECEMBER 2004.

ENACTED by the National Parliament of Solomon Islands.

Short title

1. This Act may be cited as the 2004 Appropriation Act 2003.

Authorisation of issue from the Consolidated Fund $756,051,472 to the service of 2004

2. The issue from the Consolidated Fund is hereby authorised of a sum of seven hundred and fifty six million fifty one thousand four hundred and seventy two dollars to be applied to the service of the year ending 31^st December 2004.

Appropriation

3. The sum specifies in the preceding section shall be appropriated for the supply of the heads specified, and in the amounts respectively specified in relation thereto, in the First Schedule.

Overdraft and Advances

4. The Government may, at any time or times not later than the 31^st December 2004, borrow by way of overdraft and advances within or outside Solomon Islands, any sum not exceeding in the whole one hundred million dollars on such terms and conditions as the Minister of Finance may deem expedient.

Development and Rehabilitation Loans

5. (1) The Government may, in addition to its borrowings under the provisions of section 4, borrow or enter into agreements to borrow on such terms and conditions as it may determine amounts up to such sums of money for such purposes and from such sources as are respectively specified in the first, second and third columns of the Second Schedule.

(2) No amounts may be borrowed under subsection (1) except in accordance with in agreement under that subsection entered into on or before 31^st December 2004.

(3) The Government shall not, without first obtaining the further authority of Parliament to borrow for the purposes ascribed thereto, borrow any sum or sums in excess of the figure shown in the first column of the Second Schedule.

(4) The Minister shall report to Parliament at the meeting next following such borrowing or agreement of any borrowing or the making of any agreement to borrow under subsection (1).

Advance Warrant

6. The total sums authorised by advance warrants issued by the Minister in exercise of his powers under section 13 of the Public Finance and Audit Act (Cap. 120) for the financial year 2004 shall not at any one time exceed ten million dollars.

Contingencies Warrant

7. The total sums authorised by contingencies warrants issued by the Minister in exercise of his powers under section 15 of the Public Finance and Audit Act (Cap 120) for the financial year 2004 shall not exceed the following amounts:

(a) in respect of Heads of Recurrent Expenditure, two million dollars;

(b) in respect of Heads of Development Expenditure, two million dollars.

FIRST SCHEDULE

(Section 3)

______________

SECOND SCHEDULES
(Section 5)