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Appropriation (National Insurance Board Loan Repayment) Act, 2005

No. 9 of 2005

AN ACT FOR THE APPROPRIATION OF FURTHER

DIVERS SUMS OF MONEY FOR AND TOWARDS

THE REPAYMENT OF CERTAIN LOANS FROM

THE NATIONAL INSURANCE BOARD

[Date of Assent : - 30th June, 2005]

Enacted by the Parliament of The Bahamas.

1.
This Act may be cited as the Appropriation (National Insurance Board Loan Repayment) Act, 2005.

Short title.

2.(1)
There may be paid out of the Treasury upon the authority of a warrant under the hand of the Minister of Finance, during the financial year commencing 1st day of July, 2004 the several sums of money mentioned in subsection (2) for the repayment of loans to the National Insurance Board.

Authority for payment.

(2)
In the financial year referred to in subsection (1), not more than twenty-five million, eight hundred and ninety four thousand, two hundred and sixty two dollars and seventy-eight cents may be paid in total under the provisions of this section in respect of the entities listed in the Schedule.

SCHEDULE (Subsection (2))

$

1. Water & Sewerage Corporation

12,035,104.50

2. Bahamasair Holdings Company Ltd.

13,859,158.28

25,894,262.78


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