TUVALU

PUBLIC FINANCE (AMENDMENT) ACT 2018 

Act No. 6 of 2018

I assent,
Teniku Talesi 
Acting Governor General 
Dated: November, 2018. 
AN ACT TO AMEND PROVISIONS OF SECTION 20 OF THE PUBLIC FINANCE ACT TO ALLOW FOR THE ESTABLISHMENT AND WINDING UP OF SUB-HEADS UNDER A SPECIAL FUND.
ENACTED BY THE PARLIAMENT OF TUVALU 
Commencement [28th November, 2018] 
1 Short Title 
This Act may be cited as the Public Finance (Amendment) Act 2018. 
2 Commencement 
This Bill shall come into force on a date appointed by the Minister.  
3 Amendment to section 20 (1) 
Section 20 (1) is amended by inserting after the words, "Any such fund" and before the word "shall" the following words, "may consist of sub-heads and" to read:  
	 "(1) The Minister may from time to time by order establish Special Funds which shall not form part of the Consolidated Fund. Any such fund may consist of sub-heads and shall be governed by the provisions of this section and the moneys of such a fund may only be expended for the purposes for which it was established.". 
4 Amendment to section 20 (3) (b) 
Section 20, sub-sections 3 (b) is amended by inserting the words "or any sub-head under a Special Fund" after the words "Special Fund" and before the word "be", to read:  
	 "(b) by order direct that any Special Fund or any sub-head under a Special Fund be wound up;".