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Catastrophe Fund Act No.13 of 2020.

Country/Territory
Barbados
Document type
Legislation
Date
2020
Source
FAO, FAOLEX
Long title
An Act to provide for a fund, to be known as the Catastrophe Fund, to provide financial aid to eligible persons and qualifying businesses in need of such aid as a result of a catastrophe.
Subject
Environment gen., General
Keyword
Business/industry/corporations Data collection/reporting Financing Flood Hazards Inspection Institution Risk assessment/management Special fund
Geographical area
Americas, Caribbean, Latin America and the Caribbean, North Atlantic, Small Island Developing States
Abstract

This Act lays down provisions on the management and investment of the Catastrophe Fund; the claims for financial aid by the persons described in the First Schedule; establishment of the Physical Catastrophes Committee and the Economic Catastrophes Committee; audits on accounts, and reporting on the investment portfolio and other economic activity of the Fund; and offences and penalties. The purpose of the Fund is to provide financial aid to eligible persons and qualifying businesses in need of such aid as a result of a catastrophe, including but not limited to: earthquake, storm, flood or pandemic.

Full text
English
Website
www.barbadosparliament.com