06.03.2014 Views

CHAPTER 75:01 - Inland Revenue Division

CHAPTER 75:01 - Inland Revenue Division

CHAPTER 75:01 - Inland Revenue Division

SHOW MORE
SHOW LESS

You also want an ePaper? Increase the reach of your titles

YUMPU automatically turns print PDFs into web optimized ePapers that Google loves.

(5) The Board of the Agency shall be appointed by the President and shall consist of -<br />

(a) a Chairman nominated by the Minister;<br />

(b) three members representing the Environmental Management Authority<br />

established under the Environmental Management Authority Act, 2000, Act No. 3 of 2000<br />

one of whom shall be the Secretary;<br />

(c) three members representing labour; and<br />

(d) three members representing the private sector.<br />

(6) Members of the Board of the Green Fund shall be appointed for a term of not more than<br />

three years and shall be eligible for re-appointment.<br />

(7) The members of the Board shall be paid such remuneration and allowances as the<br />

President may from time to time determine.<br />

(8) The duties and functions of the Board shall be -<br />

(a) to determine the eligibility of community groups and organisations<br />

engaged in activities related to the remediation, reforestation and<br />

conservation of the environment, for grants from the Fund;<br />

(b) to process and determine applications for grant from the Fund;<br />

(c) to determine the feasibility of undertaking the projects and<br />

enterprises;<br />

(d) to advise the Minister on the disbursement of grants to community<br />

groups or organisations engaged in activities related to remediation,<br />

reforestation and conservation of the environment;<br />

(e) to disburse or apply moneys from the Fund in meeting any obligation<br />

or discharging any function of the Agency;<br />

Miscellaneous Taxes Act<br />

(f) to perform such other functions as the Minister may by Order prescribe.<br />

(9) The Agency shall not borrow sums by way of overdraft or other loans for the<br />

purpose of carrying out its functions under this Part.<br />

(10) The Agency shall not make a grant to a community group or organisation under<br />

this Part unless the group or organisation –<br />

BIR Mac Edition 91/<strong>01</strong> Page 310

Hooray! Your file is uploaded and ready to be published.

Saved successfully!

Ooh no, something went wrong!