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Development Fund Act 2011 (No. 10 of 2011).

Country/Territory
Nauru
Document type
Legislation
Date
2011
Source
FAO, FAOLEX
Original source
Nauru Sessional Legislation.
Long title
An Act to establish the Development Fund and for related purposes.
Subject
Agricultural & rural development
Keyword
Agricultural development Institution Special fund
Geographical area
Asia and the Pacific, Micronesia, Oceania, Small Island Developing States, South Pacific
Abstract

This Act provides for the establishment of the Development Fund. The Fund shall facilitate the funding of development projects. A person must not withdraw, or authorize or permit a withdrawal of, an amount from the Fund unless: (a) the purpose of the withdrawal has been approved by Cabinet in writing; and (b) the procedures for the withdrawal prescribed by Regulations have been complied with. The Act grants regulation-making powers to Cabinet.

Full text
English
Website
www.paclii.org