Law library · Sierra Leone · The Sierra Leone Maritime Administration Act, 2000
Section 21, The Sierra Leone Maritime Administration Act, 2000
Status not yet checkedThe Sierra Leone Maritime Administration Act, 2000, Sierra Leone
(1) The activities of the Administration shall be financed by a fund consisting of— (a) the proceeds of the charge imposed under section 10;
(b) any moneys accruing to the Administration in the course of its operations, including fees charged for its services which by law are not required to be paid to the Government or into the Consolidated Fund;
(c) any loans raised by the Administration with the approval of the Minister;
(d) any investment revenue; and
(e) gifts or donations from any person or organisation.
(2) Subject to section 21, the funds of the Administration shall be utilized only on the basis of the annual operational plans and budgets, so however, that expenditures shall not exceed expected incomes.
[Margin: Full cost-recovery for services of Administration.]
Read the whole lawDownload PDFAsk Tima what this means
Check the current official version before relying on this text. MiLAWYER shares legal information, not legal advice.