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Chapter 13:20

Rural Electrification Fund Act

Act 3/2002, 6/2005 (s. 21).

ARRANGEMENT OF SECTIONS

PART I

PRELIMINARY Section

  1. Short title and date of commencement.
  2. Interpretation

PART II

RURAL ELECTRIFICATION FUND

  1. Establishment of Fund.
  2. Object of Fund.
  3. Composition of Fund.

PART III

BOARDOF THE FUND

  1. Board of Fund.
  2. Functions and powers of Board.
  3. Disqualification for appointment to Board.
  4. Terms of office and conditions of service of members.
  5. Vacation of office by appointed members.
  6. Dismissal or suspension of members.
  7. Dismissal of Board.
  8. Filling of vacancies on Board.
  9. Chairman and vice-chairman of Board.
  10. Meetings and procedure of Board.
  11. Appointment and functions of chief executive of Board
  12. Staff of Board.
  13. Committees of Board.
  14. Members of Board and committees to disclose certain connections and interests.
  15. Members to disclose business interests and assets.
  16. Minutes of proceedings of Board and of committees.
  17. Remuneration and allowances of members of Board and of committees.
  18. Minister may give Board directions on matters of policy.
  19. Reports of Board.
  20. Validity of decisions and acts of Board.
  21. Execution of contracts and instruments by Board.

PART IV

LEVIES

  1. Imposition of Levies.
  2. Withdrawal, suspension or increase of levies.
  3. Recovery of unpaid levies.

PART V

ADMINISTRATIONOFFUND

  1. Administration of Fund.
  2. Allocation of money from Fund.
  3. Disbursement of funds from Fund.

PART VI

FINANCIALPROVISIONS

  1. Annual programmes and budgets of Fund.
  2. Retention of money by Fund.
  3. Financial year of Fund.
  4. Income and Expenditure of Fund.
  5. Accounts of Fund.
  6. Audit of Fund’s account.
  7. Powers of auditors.
  8. Internal auditor.

PART VII

GENERAL

  1. Minister may require statistics and information.
  2. Investigation into affairs of Fund.

PART VIII

TRANSITIONAL PROVISIONS AND SAVINGS

  1. Interpretation in Part VIII.
  2. Transfer of assets and liabilities in respect of Fund.
  3. Directions regarding transitional matters
  4. Transfer of employees to the Fund and conditions of service of transferred employees
  5. Savings

 

 

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