Law library · Sierra Leone · (Ratification) Act, 1966
Article IV, (Ratification) Act, 1966
Status not yet checked(Ratification) Act, 1966, Sierra Leone
AHEAD shall contribute to the cost of the Project $400,000 (U.S.) to
be converted into currency of Sierra Leone at the rate providing the largest
number of units of such currency per United States dollar which, at the time
the conversion is made, is not unlawful in Sierra Leone. The Governient
shall contribute to the cost of the Project an amount of currency of Sierra
Leone equivalent to $200,000 (U.S.) based on the same conversion rati used
in converting the contribution of AHEAD into currency of Sierra Leone.
However, in the event of an increase or a decrease in the actual cost of the
Project, the contribution of the Government and AHEAD, respectively, shall
be increased or decrea sed in the proportion of one-third to two-thirds; pro
vided, however, that in no case shall AHEAD be obligated to contribute
more than the equivalent in currency of Sierra Leone (determined as afore
said) of $460,000 (U.S.) toward the cost of the Project. The funds set aside
for the Project by the Government and AHEAD, respectively, shall be carried
Over from one fiscal year to the next until the completion of the Project.
SERVICES IN ADDITION TO CONTRIBUTIONS
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