Electricity Act - The Bahamas Laws On-Line - The Government of ...

ELECTRICITY [CH.194 – 17
amount of any such expenditure shall be refunded to the
Corporation by the Government:
Provided that, in calculating the amount of any such
expenditure, the amount of any fees or other moneys
received by the Corporation in respect of any such matters
shall be credited against the expenditure.
(2) The matters referred to in subsection (1) of this
section are —
(a) investigations and reports under section 50 of
this Act;
(b) the duties and functions of the Corporation and
inspectors under section 53 of this Act.
(3) For the purpose of this section “expenditure”
shall be deemed to include a proper proportion of the
salary and allowances of any officer or servant of the
Corporation employed in connection with any matter
specified in subsection (2) of this section, together with an
appropriate contribution in respect of any pension; gratuity,
leave pay and cost of passages payable to or in respect of
any such officer or servant.
23. (1) The Corporation may, with the approval of
the Minister and the consent in writing of the Minister of
Finance, establish a scheme or schemes for the payment of
superannuation allowances, pensions or gratuities to
officers and servants of the Corporation who retire from
the service of the Corporation, or otherwise cease to hold
office, by reason of age, or of infirmity of body or mind, or
of abolition of office.
(2) The following provisions shall apply to any
scheme established under this section:
(a) no assurance on the life of any contributor under
any such scheme, and no moneys or other
benefits payable under any such assurance, and
no pension, gratuity or other allowance granted
under any such scheme to any person who has
been employed by the Corporation, shall be
assignable or transferable, or liable to be
garnisheed, attached, sequestered or levied upon
for or in respect of any debt or claim
whatsoever, other than a debt to the Corporation
or the Government;
Superannuation
schemes, etc.
44 of 1963, s. 14.;
11 of 1965, s. 2.;
E.L.A.O., 1974.
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[Original Service 2001]
STATUTE LAW OF THE BAHAMAS