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Appropriation Act 2007-2008

REPUBLIC OF NAURU

(No. 5 of 2007)

ARRANGEMENT OF SECTIONS

Section

1. Short Title
2. Interpretation
3. Commencement and Expiry
4. Withdrawal of Monies From the Treasury Fund

Schedule

Expenditure Authorised Under this Act

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AN ACT

To provide for the withdrawal and expenditure of monies from the Treasury Fund to meet the expenditures of the Republic for the financial year ending on the thirtieth day of June, Two thousand and eight.

(Certified: 22nd June 2007)

BE IT ENACTED by the Parliament of Nauru:-

SHORT TITLE

l. This Act may be cited as the Appropriation Act 2007-2008.

INTERPRETATION

2. In this Act

‘the Treasury Fund’ means the fund established under Article 58 of the Constitution of Nauru;

‘the Financial Year’ means the year commencing on the first day of July, Two thousand and seven and ending on the thirtieth day of June, two thousand and eight;

‘head’ means a department or division of the expenditure of the Republic listed in the schedule to this Act;

‘subhead’ means a subdivision of a head.

COMMENCEMENT AND EXPIRY

3. This Act shall come into force on the first day of July, One Thousand and seven and shall cease to have effect on the thirtieth day of June, One Thousand and eight.

WITHDRAWAL OF MONEYS FROM THE TREASURY FUND

4. (1) A sum not exceeding $24,656,959 may be withdrawn from the Treasury Fund and expended as authorised in the Schedule to this Act.

(2) The amounts in the Schedule to this Act are in substitution for and not in addition to any other Act providing Supply or an Appropriation to the Government in 2007-08 that may be approved by Parliament before this Act comes into force.

(3) Where the Cabinet considers it necessary to increase the amount assigned in the estimates to a particular subhead within a Head, the Cabinet may direct that there shall be applied to the aid of that subhead a further sum out of any surplus arising on any other subhead within the same Head, but so that the total amount withdrawn and expended does not exceed the amount authorised for that Head in the Schedule to this Act.

(4) Where the Cabinet authorises a transfer of funds between subheads within a Head in accordance with sub-section (2), it shall cause to be laid before the Parliament at its first meeting of the Parliament after it has approved the transfer, a copy of the order of the Cabinet approving such transfer.

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THE SCHEDULE

SCHEDULE OF EXPENDITURE

I hereby certify that the above is a fair print of a Bill for an Act entitled Appropriation Act 2007-2008, has been passed by Parliament of Nauru and is now presented to the Speaker for his Certificate under Article 47 of the Constitution.

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Clerk of Parliament
22nd June 2007

Pursuant to Article 47 of the Constitution, I, VALDON K. DOWIYOGO, Speaker of Parliament, hereby certify that the Appropriation Act 2007-2008 has been passed by Parliament of Nauru.

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Speaker
22nd June 2007