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Public Authorities Law.

País/Territorio
Islas Caiman (RU)
Tipo de documento
Legislación
Fecha
2017 (2019)
Fuente
FAO, FAOLEX
Materia
General
Palabra clave
Procedimientos judiciales/procedimientos administrativos Gobernanza Cuestiones de procedimiento Participación público privada (PPP)
Área geográphica
Americas, Caribe, América Latina y el Caribe
Resumen

The purpose of this Law is to provide uniform regulation of the management and governance of public authorities. Nothing in this Law shall be construed as affecting the principal functions of any public authority and shall not affect the independent regulatory decision making process with regard to the issue or suspension of licenses, and any other regulatory decision. The purpose of a public authority is to help the Government to achieve its policy objectives when those objectives are more effectively accomplished through the use of separate legal entities rather than through the civil service. Public authorities are not part of the civil service but are part of the public service and, as such, shall operate in a manner which best serves the public interest. The principal objectives of a public authority are to — (a) deliver the outcomes specified by Cabinet; (b) supply outputs that the Cabinet has agreed that it will purchase from the public authority; (c) supply outputs to entities or individuals other than the Cabinet for payment on a break-even basis or preferably at a profit, and in accordance with agreements with those entities or individuals; and (d) achieve the ownership performance that it has agreed with the Cabinet that it will achieve during a year. It is the duty of a public authority to conduct its affairs in a responsible financial manner and accordingly, a public authority shall operate as a profitable and efficient business and contribute to the revenue of core government or, at least, break even in its operations.

Texto completo
Inglés
Página web
www.ofreg.ky