Rural and Renewable Energy Agency Act, 2011

1.1 ShorlTitle ThisActmaybecitedastheRuralandRenewable Energy Agency Act,201.1. Section1.2 Definitions JnLhis Acr,unessthecontert olherwise requires: (a) "Agency" means iheRural andRenewable Energy Agency established underthis Act. (b) 'AnnualReport" means thereport submitted annually 0ntheoperations of the Agenc]andFundsubmitted by theBoard to theNational Legislaiure andIne President ofLiberia asrequired under ihisAct. (c) "Board" means theRural andRenewable Energy Agency Board ofDireciors. (d) "Competition" rneansthecondition ofa market wheregoodsand/or services are available frommorethana singleniityandwherethoseentitjes donotcollude to setpricesand/or termsandconditions of service, andwheresuchcircumstances allowconsumersfreechoice without being subjected,to undue marketpowerby anysingle supplier orsetofsuppliers. (e) "Consumer/Customer" aretermsused, forpurposes ofihisAct,assynonyrns, and referto a personwhopurchases or receivesenergy,for consumption andnotfor deliveryor resaleto others, includinga personwhoownsor occupiespremises wherenergy issupplied. (0 "Developer"means investorin,0r anoperator of a project, thatshallbernrne fcrmofa private orpublic entity, a co-operative, ora localcbmmunityorganisation; 47 (f) "Developel'meansaninvestor in,or anoperatorof a project, thatshallbeln the .'. 42 formofa private orpublic enUty, a co-operative, or a localcommunityorganisation; 43 44 (g) "Distribution" means thetransportation ofelectrical energy andpowerbymeans ol , 4s medium{o-low-voltage lines(asspecified bytheRegulatory Board). 46 47 (h) "Donol'Anentityeithermultilateral or country specific thatdonaies fundsforrural 48 andrenewable energy purposes. 49 s0 (i) "Eleckical Energy" meansthegeneration powerbya device or useofelectric over s1 a periodof time,expressed in kilowatthours (kWh),megawaft,hours(MWh),or s2 gigawatfhours (cwh). 53 s4 fi) "Executive Director" means theExecutive Director undertheprovisions appointed ss ofSection Section 3,7ofihisActtobethechiefexecutive officer oftheAgency. 56 s7 (k) "Fund"meanslheRuralEnergyFundestablished underChapter V of thisActand s8 includes financial resources setaside forruralenergy development. 59 60 (l) 'Generalion" meansthe production of electrical energyand poweriromany 61 primary sourceofenergy. 62 63 (m) "Government" isthegovernment oftheRepu blicof Liberia. 6s (r) 'Grant"means anaward ofmoney bytheAgency to a PqectProponent. 66 67 (o) "GrantContract" meansa contract between tfreAgency anda Project Proponent 68 fortheprovision ofa Grant. 69 70 (p) "GrantPayments" meansthesetof payments as shallbe stipulated in a Grant tr Contract. l) 73 (q) "crid"is theinterconnected electrical transmission anddiskibution infrastructure 74 iying togethergeneration andload. 15 76 (r) "lmmediate family"includes spouse,parents, children, anddependants, and/Or 77 anyperson or agentactingon behesi of anyperson employed bytheAgency, or 78 those relatives included herein. 79 Bo (s) "lndependentProducers" meansprivately operatedGenerating (and Facilities 81 theirowners) whichmayor maynotbedispatched bya SystemOperatorandthat 82 ateauthorized or licensedto operalein the country andto supplyelectricity to 83 themselves, orthirdparties. affiliates, '4 (,, osl f;;;j;iX.iil:lli;3li'ilil'1X ;:ly, ::::*1*J;ljflitl',ffi purpose' forsuch tunos conut"s o,wt'iln ilT:H:,'lfJff"l','5::lY'il1i'.i, ::'',il"":iiilil.ilfi uno {k'il;f:"^l otiy i0 ct cont'nntttintt'eirabllity o''lirnit el ors.ti"", 92 whele toouy' "ttttt'u"ry Fl"*:"1l=li,lll1 I rv;Micro !1 i::li'ffi::il;d:.:ffffi1"#11["il::'J :: ffii;l[1Jffi:T"J5i:'*ilff'#ifr''ind'*nq'*ain'urance nl '*,n1',o" Mines Lands' 1*'andEnergy' 11'r Tl:::':*"rfff.:,j"Jff1"|i:",.'itoiffi'TiT;tJls succe: or any ;; of anclEnergyor any successof Mines Lands' meansthe [linister l:: '' ' "Minister" r'\ forenergy ror *'nntt' wiihre5ponsibil;ly a:.,:H';',t;:l g#'H##,:l oll'"'""'l' enersY".'s-dertned i:: (y) Modern )rcudes i.,: run''ntliil$;m*iilti;u:*;'nlx::'pr'c lf j:'llil'?*'"1 'l[:i"1':: i*'l*g*$:i:",1;,n"J5.HTi::;1.'#:1;ffi connected' thatls notelectrically "off-grid"meansan electricitv supplysystem ill i";tmissjoninfrasiruciure t" ';;'p;i orindirectlv' directlv ;;; ";i[; governmental person' entity'or corporate "Party" meansany entity' eithernaiural iii 116 enrlry' t::, oftheRepublico{Liberia' re{ers "President" tothePresident development ol "Project'means the, acliviiiesand inveslmenls1:":'::*Y"n tna H ol modem enerqY services and/or Iurar renewa0l" #'ff '-td/";ih;;rovision 't;; inruralliberia; 1662liiY ii'lrt propctproponen{ jil,'f X.li"[ii3"""F:J[:i trff;,1|il?:"j:l;!' or Consultant Proiect' "1,!31 126 of publicentity,a co-operative, shallbeintheformof anindividual,private or a 727 organization. localcommunily 724 729 "Publish" means, for lhe purpose knownto all of thisAct,to makeinformaiion 130 members of the publicihroughnoticegivenin appropriatemassmediaor publications. governmenial 732 133 Board"meansihe government "Regulatory to regulate entityestablished ihe 734 energy ofLiberia. sector 135 "Renewable Energy"meansenergyproduced from any of the following 737 shortregeneration thathavea relatively resources fromnatural technologies time 138 hydropourer; scale; etc. wind,biomass, 139 140 power; Hydro 141 Windenergy; 143 produced energy Biomass including: fromsources 145 146 Anyagriculiural woodshavings, including wastenuirients livestock 147 straw,ricehullsor anyotherbedding forthedisposition material of 144 manurej 150 wastematerial celluloslc Any solid,nonhazardous, or any lignin 151 foresfrelated fromany of the following whichis derived material 152 resources: 154 precommercial residues, It4illand harvesting slashand tfrinning, . brush; 156 r57 Solidwoodwastematerials wastepellets, including crates,dunnage, 158 woodwastes(otherthanpressure- andconstr.uction manufacturing 159 treated, or painted chemically{reated woodwastes), andlandscape 160 ortreetrimmings; 162 sourcesi Agricultural 164 Biomass for the purpose grownspecifically a feedstock of creating for 165 orfuelproduction electricity andusingsustainable practices; harvesting t67 usedio produce Biomass biofuels; 168 16e Wasteto energyincluding anaerobic digestion systems operating onanimal rio or plantwastes,andmethane gascapiured fromvariousanthropogenic t! sourcesuchas landlills, planis,sewage watertreatment plants, treatment rt2 wastefromagricultural processing andindustrial plants; 773 ri4 energy; Geothermal 115 176 Solarenergy, to include solarelectric andsolarthermal; and 111 Da Emerging technologies suchasocean wavepower, thermal, andtidalpower. 179 180 "Rural" meansanyareaof Liberia thatis outside thelegalboundaries of l\lonrovia 181 andisdeemed urbanundera geographic demarcatbytheGovernment. 182 183 "Standards" meansthe technical productand servicestandards for energy 1s4 generation, transmission, distribution andusetoensuresafety, reliability andquality. 1Bs 186 "Supply" meansthesaleofelectric andthermal energyorfuelsto consumersorfor 1.a7 resale,in accordance withihisAct.lt includes, butis notlimitedto thesaleof 188 capacity, primary energy, supply, backup supply, andancillary services. 189 1eo "SystemOperator"rneansan entitylicensed to undertake someor all of the 1s1 followingactivlties: 192 193 the powersupplysystem Co-ordinate to obtaininstantaneous balance rs4 generation between andconsumption ofelectricity; 195 196 allgeneralion Dspatch connected tothetransmission infrastructure; 191 198 planned Co-ordinate generation andplann€;d transmission outages; 199 zoa Moniior theimpo(andexport ofelectricity; ) 201 ) 2o2 Prepare ofgeneration forecasts requirementsj 203 ) 2o4 Periorm asmaybeprescribed suchotherfunctions in itsLicense or in rules I 2os issued bytheRegulatory Board. | 246 | 2ai "Tariff'meansthelegalinstrument,approved bytheGovernment or heRegulatory i 208 Board,thatsetsforththeratea regulated entityisentitled tochargeitscustomersfor i Zoe thegoods andservices it provides. A tariffmayalsosetfodhbinding iermsand | 210 fortheprovision conditions ofsuchgoodsandservices atthe prices pecified. ; 2r1 212 "Transmission"means theiransportation andpower energy ofelectrical bymeans zL3 lines(asspeci{ied ofhigh-voltage bytheRegulatory Board 214 EnergyA.gency of the RuralandRenewable

1.3 Establishment 216 Sectio,] 217 z7a (a) Thereis hereby agencyio beknownasiheRuraland anautonornous established 27s Renewable Energy Agency,(hereinafter io asthe"Agency") referred to bewholly 220 owned bytheGovernmentofLiberia 221 shallhaveperpeiual 222 (b) TheAgency existence. 223 a corporate maysueandbesuedandadopt 224 (c) .TheAgency seal. 225 226 ofthe Agency 227 Section1.4 Objectives 224 oftheAgency, zzs Theobjective forandonbehalf acting of heRepublic oftheGovernment shallbeasfollows: 230 of Liberia 231 zz2 (a) To promote in the ruralareasof energyservices accessto modern improved 232 Liberia. 234 23s (b) To facilitate the economic and accelerate of ruralLiberiaby transformation 236 promoiing andsupply thedevelopment ofmodern products energy andservicesio 23t ruralareas onlocally withanemphasis renewable available resources 238 23g (c) Tointroduceandpromote andpolicies of r'egulations theenactmenl intheexercise 24o oftheAgency. ofthefunctions )47 242 (d) To administer, secure,enforce, design andexecutepolicies, plansand strategies, 2-43 programs groMhanddevelopment tothefuncticning, andindirectly directly relaiing 244 oftheruralenergy sector. 245 246 241 244 249 250 251 252 253 EnergyDevelopment of RuralandRenewahle

1.5 Principles 2s4 Section andModern 75s EnergyServiceProvision 256 theplovision zsz Insupporting energy ruralandrenewable development andmodern energy provision, 258 service theGovernment principles: thefollowing recognizes 259 260 (a) National willbe undertaken ,nlelesfActivities to prdmote the general welfare, 26! empowement, andquality and of life,andio support sustain economic and social 262 development. 263 264 (b) Sustainability. The Government will promotethe development and use of 265 economically, socially, technically, andenvironmentallyviableandsustainable 266 resources, energy including renewable iniheruralenergy energy, sector. A special 26t will emphasis be placedon locally resources available fol rural energy sector 268 development. 269 27o (c) Deve/opnent Sustainable development whenmodern isfurthered energy services 2tr arepromoted, facilitated andsuppoded private through andcommunity initiative 272 andinvolvement. 213 214 (d) Productive Provision UsesandlncomeGeneration: of modern energy services 2is to ruralareaspromctes growth andproductivity production in economic aswellas 2'16 socialwelfare. 271 27a (e) Equality:The provision shallnot be undulydiscriminatory of energyservices 279 amongconsumers. 280 281 (D Qualityof Service, Safety, andContinuw:Thedevelopment Efficiency of rural 2a2 and renewablenergyand provision of energyserviceshallcomplywith 283 quality, service applicable safety, andefliciency rellability norms andrulesinforce. 244 28s (g) Coordinationof Public Pofcr'es:The Government will coordinate the 286 of energy requirements withotherpolicies policy thatmaybeapplicable, soasto 2a1 avoidinconsistent actions ordirectives. 288 2Bs (h) Communitylnvolvement. As a wayof strengthening community ownership, 2so households,commercialenterprises,socialservicefacilities, adminiskative zsr centerc, andoiherstakeholders willbeencouraged asapplicable part totakeactive 2sz inthedecision makingprocess. 293 2s4 (i) corservafionand EfficientUse of NaturalResources: The principle of 29s and preservation conservation of the environment will consistently be a 2s6 intheformulation consideration of andexecution policy. 297 CHAPTER II 298 299 FUNCTIONS ANDIMMUNITIES OFTHEAGENCY 300 301 Section

2.1 Functions of theAgency 302 303 (a) TheAgencyshalldevelop in collaboration withthe Ministry of Lands,t\,4ines & 304 Energyandotherstakeholders a RuralEnergySirategy and lvlaster Planfor 30s Liberia. Thel\,4asier Planshallbeformulated onihe basisof well-defined prolect 306 selection andprioritization criteria designed to ensurenhanced energyaccess 3o1 withequity, susiainable development andopUmaluseofindigenousandrenewable 308 resources, andensurethattheseareintegrated intothe national energyMaster 309 Plan. 3t0 311 (b) TheAgencyshallnegotiateandenterintocontracts withexperts andinstitutions in 372 of itsgoalandobjectives. furtherance 313 314 (c) Wiihout prejudice totheforegoing theAgency shallalso: 316 (i) establishliaisonwith the appropriate localand national government 3ri authoritiesio facilitate theco-ordination of theactivities of the Ruraland 318 Renewable EnergyAgency withotheruraldevelopment activitiesj 319 320 (ii.) faciliiate thetimelycollection anddepositofallthefundsto becollected from 327 sources speci{ied under thisActintheaccount oftheRuralEnergy Fund; 322 12r lii ) oreoarc toradditionai nronosals meansandsourcesoffinance tobeused 324 forthebeneflt ofruraland/or renewable energy provision service 325 326 (iv.) facilitate thetimelycollection anddeposit of allfundsfromsources specified 321 under thisActintotheaccount oftheRural Energy Fund; 328 32s (v.) support andpublicdissemination the collection of hlghqualityrenewable 330 energyresourcedata, informationon ruralenefgyneeds,and their 331 geographic - distributioninformation thatis critical to design, development 332 andsustainable operationofruralenergy servicefacilities; 333 334 (vi.) facilitate the preparation for pro1ects of biddocuments to be competitively --r--.../e0evetopersj tandarad t^ nr^cno.ti\ r, 336 337 (vii.) initiate provision andfacilitate of capacity building activities asappropriate in 338 the preparation,installation, operation and management of ruraland/or 339 renewableenergy systemsj 340 341 (viii.)facilitate provision of technical by qualified assisiance entitiesrelatedto 342 technicaldesign, management, financial project analysis, financeandsound jd3 business practices to Projeci Proponenfs; 344 34s (ix.) promote theestablishmentofruralenergy andprivate cooperatives electricity 346 service companies witfremphasis on rural and renewableenergyservice z|i provision at the sametimestrengthening localcapacities withinexisting 348 cooperatives andorganizationsj 3s0 (x.) facilitate thefundingof ruralenergy projects, managing including theRural 3s1 Energy Fundihatwillprovidegranis lowinterest andfacilitate loansandloan 352 guarantees astargeied subsidlesto ensureaccessbythepoor; 353 3s4 (xi.) promote, wherefeasible, markelbased to energy approaches development 3ss exclusive wjtha focus,but not necessarily on public-private reliance, 3s6 padnership delivery ofruralenergy services; 351 3s8 (xii.)suppod thedevelopment viable, of all economically sustainable, socially 3s9 acceptable, and environmentally rural energyprojectsand beneficial 360 technologies through appropriatefinancing mechanisms, ihrough including 361 the targeteduse of grantsand subsidies to enhanceaffordability to )62 viable econom,cally energyservices, l6l 364 (xiii.)ensure thaihouseholds, commercialenterprises, social servlce and facilities, 36s administraiive to padicipate havetheopporiunity ceniersin Liberia in the 366 decision making process access regarding to affordable, sustainable, and 36i environmentally friendly modernenergyservices; 368 36s (xiv.)be responsible of rural,off-grid monitoring for the regulatory energyand zia projectsbelowa certaingeneration electriflcation capacity or demand 37r thresholdfor whichtheAgency hasbeendesignatedresponsible by rule- 3iz makingcrdelegation ofthel\,4inistry Board; orRegulatory 373 374 (xv.) undertake publicinformation cosfeffective andeducational campaigns to 37s raiseawarenessof a broadrangeof commercially availabletechnology 3t6 solutions suited to thespecific energy and needs conditions of Liberia's rural 311 areas. 3t8 37s (xvi.)mobilize andpublic institutional fortheactivities support of theAgency and 380 Fundandhavecompetence development inrural issues; 381 382 (d) TheAgency shallabidebythefollowing regujatory :tu prjnciples: 384 385 (i) protection of consumers interests through thepromotion of competition and thepreveniion ofanti_compeiitive praciic"ei inOilonffi uo*u; ::: 388 (ij.) promotjon rssto,andaffordability of acce 38s of,modern energyservicesj 3s0 (iii) promotion of reast-cost investment andthesecurity of supplyforthebeneflt 391 ofconsumers; 392 3s3 (iv.) promotion of improvemenlsiniheoperationalandeconomic "or eflciency ofthe modernenergy supply industryandLfficien.y inth.-JJu rnoorrn ;;l "n"rgy; ::: {v.) promotion of appropriate standards of feliability and quatityof modern 3s7 protection ofihepublicfromdangersarisingfromifreaitivtties ot ttreqnergy 3s8 supply. 399 400 (e) TheAgencyshallutilizemoney from_theFundAccount andanyotnerdesjgnated fundsasapprovedby theBoard to jts futfill manJaie :?: 4a2 as l*"ril"o Section 1.4of thisAct. 443 (f) TheAgency shallkeepproper books of accounts :2: 40s andproper records in relatjon to those accounts.Tn"O":,1?^:!_1, thatalt,in-l-i,..uiu"O,r""p;;;;; 406 brought to account ..rsure andallpaymentsoutof 407 iis monies are;rrecly madeand properry authorized andadequatecontror i. maintarneJ. rheic.ounrs, books, and records oftheAgency shallbeintheformpr"scrin"O Uytf,eiii,n forceatthetime l?: 409 which governsthemanagemeniorrecords. 410 411 (g) TheAgency shaflpubrish annuarJinanciar reports audited annualy byiheAuditor Generat or an independenfly^certifieO nnanciatauOitor ::: 4r3 aiioinieOiy tf,uaoarO unO authorized by the Auditor,Generat.Such,"p;;; ;;;i ;l;* an accountrng siandard basedon generatly, accepted accouniing p;in;ipl;s;; liberiaio account ::: 41s forallfundsreceived anddisbursed.by theAgency.suci -'""" reports .trallbepublicly avaitabtewithing0daysfromtheendofthensca ::: 4r7 ieai-- 418 (h) Financiar commiiments of theAgency shatbemadeby , Ais signature "'" oftheExecutive Diector co-signed byiheFiranceDijector ottfrenjency.- 420 421 (i) TheAgency shallundedake andperform suchotherduties 422 asthetsoard shall,from timetotime,direct. 423 424 425 i0 426 427 Sdction2'2 lmmunilies 'oii Aaa beliableincivil capacity' personal (a) Anemployee oftheAgency shallnot'inhis/her proceeolngiit ;tipttt *v 'ct 0romission donein goodfaiihin the 430 or cnmlnal "f performance functions ofhis'Iher underthisAct' ;; 22 (a)shallnotrelieve'the,Agencv to pay ol liability T=1 (b) Theprovisrons of.section person caused by 434 compensatlon o' *u"g;tlo'l; fersonforaninjuryto such otherwntlen theexercise ot powe,.ionr"u"oontnengencybythisActor byany *r,.iherwholly ir* oi oyruiru,,i, ofanyworks orpartially' ;; 437 438 III CHAPTER 441 M2 3.f Section TheBoardof Directors ^:; bodyoftheAgency (a) TheBoard of Directors shallbethegoverning ("iheBoard") supportiheachievementoftheoverall purpose and nZ t"' TheBoard, (b) shall,initsaciions' 1 4 and2 1 ofthisActby: in sections asoutiined ;: iun.t-t ottrt"Agency 444 andmodernenergy supportingruralandrenewable energydevelopment ;Z fi ) andpublic by private ,"t't" p'ou''ion prqecisthaiaredeveloped illr.ough 4so ;;; entities,co-operatives'andlocalcommunityorganlzatrcns: ^;i that Proponents Proiect assistance^to -oi-o of technical the provision (ii) facilitating to ruralandfenewable development energy energy andmodern contribute 455 service delivery; 45b manner' andcompetitive inanefficient of grants theallocalion ;;; (iii) approving 458 459 460 46r 467 45i 464 4b5 465 467 468 1l of theBoard and Composition

3.2 Appointment 46s Section 410 ;;; and shallcompriseleven by the Presideni (a) The Boardshallbe appointed a72 asfollows: members, orthefuture of Lands'MinesandEnergy fromthe[4inistry (i.) a representative ;:; 47s forenergy; responsible ministry 416 oritssuccessor; Corporation Eleciricity fromiheLiberia (ii.) a representative ^;; 474 47s ofJustice; fromthel\4inistry (iii.) a representative 480 member whoshallbea non-voting of theAgency' Director ;;; {iv.) TheExecutive 4a7 io theBoard; andSecretary 483 geographic' or^ in sucha waysoasto ensurequilable selected ' ' threepersons (v.) ott andgender demographic, o{thecountry; representaiion 496 andexperience on thebasisof lheirquali{ications in 4Bt ' ' threepersonsetected (vi.) and leqal safeguards' {lnanceor accounling' engineering, environmental ;;; energy,technologyand 48e issues related to rural anC/oi renewable one of theseshallbe designated as theChairpersonof the ;;; development. 491 FundManagemeni Committee 492 or the private civilsociety'consumers' 4s3 (vii.) one personsetectedto represeni 4g4 secior- 495 bythePresident shallbeappointed oftheBoard ;;; ft) TheChairperson 49/ of BoatdMembets far Appointment

3.3 Criteria on" Secflon shall: oftheBoard soo Members 501 of theAqency fortheactivities andpublicsupport institutional ;; (a) beableto mobilize tssues inruraldevelopment s03 andFundandhavecompetence 5U4 and influence; orcorporaie frominstitutional iot (b) haveaulonomy 506 bytheBoard supported inanyProject interests (c) nothavefinancial ;;; 508 509 510 511 12 $ection3.4 Tenureof OfficeofBoard :il s13 Menhers t' ;il Aff:liiir"trii""::{liFil"rdornce rora,term orthree (3)vears provided andmav be s16 vears' serverormorethan#'lj11r:"ffi:'['ff..(e) nopt'.onihrrr 517 s18 (b) lntheeventihetenure ofserviceof.amember expires, such - member shallcontinue toserveuntila replacement is appointed :l: s20 anO*.i,r",0m.". n, mayterminare rheservice ofa member, includins ::; Jj:t:"#:rt theChairperson 523 t, physicat or mentat inabitity toperform i:: thefunctions of office; s2G (;i.) grossmisbehavior orincompeLence, 527 (iii.) Dishonesty or corrup{ton, and :* 529 (iv.) Conviction of a felony. :.0 (v.) fajluretocomply withtheprovisions ;ll ofSection3.3(a)and b)ofthisAct. SecfionJ.5 Meetings andprocedurcsol theBoard :r .53s s36 (a) TheBoardshallmeetasofien as necessaryforthedischarge of itsfunctions quarler but il *r sixmembeii'"ilr," ililhiii*nsttuteaquorum :ijil'J::iff* 519 r40 (b) TheBoardmayco oplanvperson toparticipalern ilsdeljberaljons, bula per.onso s4r co-opted sha haveno'righl to voteand,; ;;dd"i;lil "-. ,.," program under s42 djscussion unless invited specifically 5Zl forihat prrp"r;.- (q the, sharr beresponsibre ;11 J[:"5ffi:':in3["'j:J.:i tgencv tndsuchotherduiies rora'ansins s46 astheBoard maydirect s47 (d) firembers of the Boardmaybeeniifled to payment of reasonabre honoraria s48 sitflngfees,andotheralJr pavmeniand sharbe runoJoi,omtr,"oiu,ai#iffl;ffoflffXln3|,n"tou,o ::: 5 50 552 13 sss Seciior3.6 PowersandFunctions of theBoatd 556 ssi (a) TheBoard shall: 558 sss (i) appointthe Executive Director and DeputyFxecutive Djrecto(s) of the 550 Agency. 561 s62 (ii.) directhe Executive Director to furnishit withany informalion, reports or 563 whichtheBoardconsiders otherdocuments necessaryfortheperformance s64 ofitsfunctions; 565 s66 (iii.) reviewandapprove reports prepared andotherdocuments bytheAgency as s67 to inSection referred 2.1ofthisActj 568 s6e (iv.) approve of grantcontracts the execution with ProjectProponents in sto procedures.; withapproved accordance 51r st2 (v.) sourcefundsfromwithinandoutside theRepublic in support of Liberia 0f si3 ruraland renewableenergydevelopmentand modernenergyservice 514 provrsron; 5t5 st6 (vi.) oversee andmonitor the administration, management anduseof funds s7i provided totheAgency. 578 sis (b) havethe powerto regulate its ownprocedure andmaymakestanding ordes s80 pr0viding for all maitersrelating of the Boardandihe proper to the meetings ss1 ofitsbusiness. conduct 542 asthegoverning s83 (c) TheBoard body fortheAgency shall: 584 sss (i) Director directhe Executive to furnishit withany information, reports, s86 documents orother accounts asmaybereasonably bytheBoard; required 5Al s8s (ii.) approve principles operaiional andguidelines ofiheAgency; 589 sgo (iii.) approve performance, the managemenl, policies andannual operational se1 plans oftheAgency; andbudget 597 ss3 general (iv.) approve termsandcondilions of employment for employees of the s94 Agency; 595 l4 se6 (v.) ensurethattheremuneration of thestatfof theAgencyis competitive with ssl thatoffered for comparable andshallnotbe boundbythe responsibiliiies s98 termsestablished under theLiberian structure; CivilService 599 600 (vi,) oversee andmonitor.ihe andpeformance management of theAgency, its 601 staffanditsfinancial performance; 6A? G03 (vii.) appoint theauditor theauditods andapprove oftheAgency reports. 604 605 bodyfor theRuralFnergyFundandin that G06 (d) TheBoardshallbe thegoverning 607 shalli respect b08 60s (i) appoint a FundManagement thatshallbe responsible Commiftee forlhe 610 oftheFundandwhose administration shallbeoneoftheBoard Chairperson 61a members; 613 (ii.) approve criteria fortheeligibility Proponents ofProject grants to receive from 614 iheFundsubmitted bytheFund[,4anagementCommittee. 616 procedures (iii.) approve ofprojects {orevaluation forgrants foreligibility fromthe 67j Fund; 618 61e (iv.) approve for grantsfromthe Fundto Project the termsandconditions 620 Proponents; 622 (v.) approve or rejectapplications fromProjectProponents grantsfrom seeking 623 theFund,anddeterminethelevelofgrants to beapproved; 624 625 (vi.) approveiheannual and/or planoftheFund, investment multiyear including 626 provisions fortheoperating ofiheAgency; expenses 671 6za for the ruralenergysectorunderthis Act. as lt (vii.) approveinvestments 679 considersnecessary.; 630 631 (viii.)appoint withSection of theFundin accordance theauditor 2.1ofthisAci, 632 andapprove theaudiior's reports. 533 534 635 516 617 638 15 ' 63s Seetion S.) AFpointmentof ExecutiveDirectorand Slaff 64A 641 i {a) TheExecutive Director andDeputy Executive Directo(s) sha,beappointed ' byihe 642 Board of Directors; 643 644 (b) Therecruitment of heExecutive Director andDeputy Executive Directo(s) shaflbe 64s onthebasisofa competitjve seleciion process; 646 64i Sectior3.B Functions of he Executive Dircctor 648 64s (a) Without prejudice tothegenerality oftheforegoing, theExecutive Director shail; 650 6s1 (i) bethechiefexecutive officer oftheAgency andtheFund. 65) 6s3 (ii.) exercise thefunctions of theAgency provided for underSection 2..1o{ this 6s4 Act; 655 6s6 (iii.) Shall havethepowertoappoint orpromoiestaffofthe Agency; howeverthe 6s7 appointment ofsenior managers shallbeapproved byiheBoard; 658 6s9 (iv.) managethebudget, personnel andproperly oftheAgency; 660 601 (v) represent theAgency andtheFundinitsdealings withthirdparties. 667 663 (b) TheExecutive Director shaukeeparrrecords of theaffairsandmeetingsof the 664 Board andshallensure theimplementation ol itsdecislons anddirectives. 655 656 66/ CHApTER iV 668 669 THERURAL ENERGY FUND 6/0 67L Section4.1 Establishment of theFund 612 673 Thereishereby established a Fundto beknown astheRuralEnergy Fund. 674 675 676 5t8 619 680 681 16 642 683 Section4.2 Objectiveof the Fund 684 68s TheFundrepresentsihefunding mechanism byr,l,hich theBoardshallfulfillitsmandate 686 hereinandshallprovldeforthecoordinated andsuslajnable financing of projects and 6ai programsforthedevelopment of ruraland,/or renewable energyprojects anddelivery of 688 modem energyservices forruraldevelopment in a mannersuchthatheFundbecomes 68s a channel throughwhichdomeslic andintemaiionalfnancial resourcesintended forrural 690 andrenewable energy delivery;nLiberiashallbemanaged. 691 6sz Section4.3 FundingSources 6e4 (a) Thesources of income {orihe Fundshallconsistof moniesasmaybe provided: 695 6e6 (iJ by Government (monies fortheFundbytheLegislature) appropriated in an 6e7 annual budgetary allocation; 698 699 (ii.) through specialleviesor feesas determined by ihe Government of the 7oo of Liberia; Republic 101 io2 (iii.) through revenues fromanytaxesas determined bytheGovernment of he 7a3 Republic of Liberia; lo4 ias grants, (iv.) through or donationsmadeio theFundbyanynatural persbn, body ta6 corporate or otherentities, multilateral. institution, organization or agency, or tot government ofanycountry, 708 tos (v.) anyoihermonies thatmayaccrue inthecourse ofiheAgency's operations. 7lo 717 (b) Themonies theFundshallbeplaced constiiutlng in anaccountwitha bankto be ln investedfor the purpose of thisActsubject to approval by the Board,andany 713 incomefromttleinvestmentshallbecredited io theFund. 114 115 716 7r1 7:..8 lt9 120 722 123 17 izs Section4.4 Useof theFund 126 12i (a) Theresources oftheFundshallfinance, subject guidelines totheoperational ofthe -72a Fund: 129 730 (i ) grants costsof projects thecapital toward byprivate implemented andpublic i3L co-operatives, entities, and local communityorganizations; 132 i33 (ii.) theprovisionof technical assistance, training andotherfoms of capacity 134 Proponenls; to Pr0ject building 735 i36 .(iii.) the provisionof relatedservicessuch as marketstudies,fesource 737 assessmenis,monitoring andevaluation, information dissemination,-planning na andtraining fortheAgency required to meetitsmandate; /39 740 (iv.) grantsto reducefinancialbarriersand risksto Projectdevelopment and t4r implementation; i41 (v.) payment or discharge of theexpensesor obligations in connection incurred 144 withtheperformance oftheAgencyandtheBoard; ofthefunctions 14s i46 (vi.) payment or allowances of anyremuneration to employees of iheAgencyand 74t themembersoftheBoard. 744 t4s (b) Grants maybeusedto co-finance: Proponents madetoProject 150 7sr (i) andoiher training ofcapacity forms building; 752 7s3 (ii.) the provision of technical by qualified assistance expertsrelaiedto the 7s4 andpreparation planning of a Project pre-invesiment including studies for 7ss Projects; 156 7s7 costsofa Project (iii.) thecapital bya Project implemented Proponent; 758 iss (iv.) investments projects. pilolanddemonskation ininnovative 164 761 (c) TheFundmaynotprovide grants ordebtservice theoperating toward costsofany 162 orProjeci Project Proponent. 763 764 166 767 18 i6a 4.5 Management Section of theFund 769 iio (a) Pursuantto Section3.6(c)of thisAct,theBoardshallbethegoverning bodyfor -tiL theFundandshallappoint a FundManagemeni Committee ('theCommittee")that 772 shallberesponsible forovercightoftheFund. 773 r;+ .(b) TheAgency andservices to theFundsuchfacilities shallmakeavailable of such 7is fortheproper as necessary officers exercise andefficient of thefunctions of the 7i6 Fund. 777 tt, (c) Where it considers it desirable lossto theFund, riskor avertthreaiened to reduce -i|s theBoardmaytakeanystepsit considersnecessaryonsuchtermsandconditions 780 asit mayPrescribe. 781 laz (d) TheBoard withtheExecutive shallfromtimetotimeinconsultation Director, fixthe ta3 sizeoftheFundsufflcient toachieve ofthisAct. theobjectives 144 forpolicyformulation las (e) TheBoardshallbe responsible in connection wiihtheFund 7a6 and for governanceof the Fundin accordance withthe PublicFinancial iai ManagementActof 2009asmaybeamended fromiime totime 788 to be paidoutof theFundshallbeso paidonlywiththeapproval 78e (f) Funds of the tso Board. 1)l isz (g) Theannualaccounts of theFund,including shallbe of theAgency, expenditures ts3 by a competent audited andqualified bytheBoardin accordance auditorappoinied 1s4 withSection3.6of thisAct. 795 7s6 (h) Donors of thefundmayappoint of theirownchoiceandat theirown an auditor tsl expenseto o{ theFundandAgency auditheaccount if lheyhavea prcvision to ts} thaieffectintheiragreement totheFund. tocontribute 799 Committee aftheFundManagement Bo0 Sectia4.6 lfrembers 801 802 (a) TheChairperson 0na competitive shallbe appointed of theCommittee basisfor 803 skillinflnancial his/her management. 804 five(5)members shallcomprise 80s (b) TheCommittee theChairperson. including 805 Baz (c) Allmerhbersof ihe Committee experience shallhavedemonskated andexpedlse s08 in ruraland/orrenewable law,and/orpiojector accounting, energy,finance, 8oq businessmanagement. 810 t9 I 811 (d) Themembers oftheCommittee shallbeappointed fora period noiexceeding three 872 years. three(3)members Maximum mayber€-appointed. . 813 814 (e) No member of theCommitteeor Board,0r familymember of the Commitlee or 81s Board membershallhaveinterest thatshallconflict withthegoalsandinterests of 816 theCommittee. 811 818 (f) Totheextentthaianymen'tber findshimor herself in a position of benefiting or 81s suffering materially fromthedecisions oftheCommiftee,theaffectedmembershall 820 suchpotential identifrT materialbenefit/detriment and recusehim,iherself from 821 ofthosedecislons. consideration a22 823 (g) Members of the Committee or Boardincluding members of theirimmediate 824 shall families, be prohibited fromowning anypropeiryor securityinterest, or any 82s or pecuniary financial relationship with,anyentityapplying lorsupportthroughthe a26 RuralEnergyFund. a2l 828 (h) Members oftheCommiitee arebarredfromtakingratuities of anykindfromary 82e partywithbusiness pending at theAgency pending or withapplications withthe 830 Fund. 832 Sectian4.7 Functioflsaf theFundManagement Commiitee 833 834 TheFundManagement Commiiiee shall: 835 836 (a) Ensurethatprocessing applications for financial is conduated assistance by the 837 with Agencyin accordance theprocedures by andcriteriapproved theBoard; 838 839 (b) to1onitoi flnancial andoversee transactions sheetoftheFund; thebalance 840 841 (c) Facilitate theperiodic reporting andauditing ofihe Fund, oftheactivities a4z are consistent 843 (d) Assurethai all accounts with generally applicable accOunting 844 standards. 845 a46 841 848 849 850 . 852 853 20 'i,iu, ol theFund for.lJse section4.8 Authorily 8ss of the ' 'romthe Fundshallbe madeundersigirature *TIIT:I:,'il;;e"m"ii 8sb (a) Financial and Direcior unotheExecutive chairpeFon fi:'ifl co.mitte" ' a5t "l 0ftheBoard ilffi";i.it".1.0 tytt'"crluirman 8s8 bYme apProved shallbe c|"g:l ior of Grants of Projectsfor {unding andthe' ::: ' Theselection {b) :l.lT^j"*l ol theFund develoPment punfnn.a-"'it"ria i"i .' proiects be shall done on t'heiu.iJoi of each cottitt"J'j'll"up;;t;;i bt he BoardAt lhe beginning ;;; Managemenl lnun"iuty"",theAgency shallpublish: ;; caiegodes fordifferent ofinvestments; ::: (i) schedules ofGranis Proponent Prolect criteria; eligibilitv ::: (ii.) and Project andprocessing forinancial ofapplicatjons '(iii) theprocedures forthe submission ::l 879 suppod' aL Boardmaydi{ferentiaieGrantsbyregionand ot al regloni the equity' a72 (clr ForPurPoses Bt3 localon' a14 :l: secfion5 Date Et{ective tro' ' inlohandbills uponpublication rhisActshalltakeetieclimmedialely Z:i 879 880 NOTWITHSTANDING' ::1 ANYLAWTOTHECONTRARY 883 884 2l a EsHEo ? 3 ;E g::t-- El s ? rJ. 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E f EE E E:i? =B.::-E gd 2 7 8,9 ) ;-7 Y > -s "to1bU .E; ".9EEo: 'E A & V g 7F, 1: E2; 5 5 d ::;EE o ooeF F{F ,ir 2015 ATTESTATION .AN ACT TO ESTABLISH THE RURAL RENEWABLE ENERGY AGENCY" VICE PRXSIDENT OF LIBERTA"TPRESIDENT OF THESENATE &-' HOUSEOF REPRESENTATTVES rTM SPNAT<EN, TFF CIIEF CL HOUSE'OFRE ffi red&Hlffi rEzEcPEr'xrolIEESENArE 6'be{.fbetisnSenste cAPrroLBUILDrNG,cAPrroLErLL,MoNRovrA"rrBERrA WNST AFRICA E-D'L sirgh.}!b6.!@h'tbtirob 20ts FOURTH SESSION OF THE FII:I'Y-THIRD LEGISLATI]RE OF THE REPUBI,IC OF LIBERIA. SCiIEDULEDOF SENATE'SENROLLEDBILL NO. 6 ENTITLED: .AN ACT TO ESTABLISH THE RURAL RENEWABLE ENERGY AGENCY" PRESENTEDTO TI]E PRESIDENTOF THE REPUBLIC OF LIBERIA FOR E)GCUTIVEAPPROVAI- APPR.'EDTHISQu oot or:/'zLl A.D.2015 5|45 fl /YL' ArruEHoIJRoF EIVTOTTNE REPI.'BLTCOF LIBERIA