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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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