Clifton Heritage Authority (Amendment) Act, 2013 (No. 16 of 2013)

CLIFTON HERITAGE AUTHORITY (AMENDMENT) ACT, 2013 Arrangement of Sections Section I. Short title and commencement..oooooooooooooo••····•oo••···oooo•••oooooo••oooo•••ooooooooO•oo·····•oo•••·oo2 2. Amendment of section 8 of the principal Act.. 0000000000 00 0000000000 0000 0000 0000 00 00 0000 000000 00 00 002 Page- I No. 16 of 2013 CLIFTON HERITAGE AUTHORITY (AMENDMENT) ACT, 2013 AN ACT TO AMEND THE CLIFTON HERITAGE AUTHORITY ACT TO PROVIDE FOR THE PAYMENT INTO THE CONSOLIDATED FUND OF EXCESS SURPLUS FUNDS [Date of Assent- I" July, 2013] Enacted by the Parliament of The Bahamas 1. Short title and commencement. (I) This Act, which amends the Clifton Heritage Authority Actl, may be cited as the Clifton Heritage Authority (Amendment) Act, 2013. (2) This Act shall come into force on the I" day ofJuly, 2013. 2. Amendment of section 8 of the principal Act. The principal Act is amended by the repeal and replacement of section 8 as follows "8. Surplus funds. (I) Subject to subsection (2), the Clifton Heritage Authority shall at the end of each financial year pay into the Consolidated Fund all excess of revenue over expenditure standing to the credit of the Authority. (2) The Minister of Finance may, at the end of the financial year, authorise the Authority to reserve from surplus funds for current budgetary purposes or otherwise such sums, if any, as the Minister may determine. '(Volume I, Chapter 51B, Statute Law ofThe Bahamas) Page- 2