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Cap. 601 · Public Finance Management Act (Cap. 601)

Cap. 601 Art. 77Directives. 

PART XI

In KraftAmtlicher Text

(1) The Minister responsible for finance, or any person, body or unit delegated on his behalf, may, notwithstanding any other law, issue directives as provided in sub-article (2) to any authority, board, foundation, corporation, institute, agency, commission, company or any other entity fifty-one per cent (51%) or more of which is held in ownership by the Government or over which the Government has effective control, or where fifty-one per cent (51%) of its income comes from public monies or from monies it receives by virtue of any law.

(2) The directives referred to in sub-article (1) may regulate:

(a) the recruitment of employees and, or their remuneration;

(b) investments, deposits and the transfer of moneys, the procurement of fixed assets, services, consultancies, contracts of whatever type or nature relating to operational and, or administrative expenses, and, where such directives are issued, the Board of Directors or other Board responsible for the affairs of the entity shall ensure that the decisions taken at Board and at management level respect such directives.

Änderungsgeschichte
  • Amended by XIII.2024.55