Local Government (Financing and Financial Management) Act of 2016 - Jamaica
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This act provides a comprehensive framework for the financing and financial management of local authorities, and for connected matters.
The funds of, or payable to and collected by a Local Authority under this Act or any other enactment shall, after due provision is made with the approval of the Minister for interest on, and amortization of, any loans or debts for which the Local Authority is liable or responsible under...
(1) On or before the thirty-first day of October in each year, a Local Authority shall submit to the Minister for approval – (a) an operational budget, showing in detail the estimated income receivable and expenditure to be incurred during the financial year beginning on the first...
(1) Prior to submitting any strategic plan and budget to the Minister for approval under section 3(1)(d), the relevant Local Authority shall ensure that the public is given an opportunity to consider and give feedback on a draft of the strategic plan and budget proposed to be submitted....
(1) Except with the prior approval of the Minister, a Local Authority shall not incur during a financial year any expenditure not provided for in the budgets approved under section 3 for that financial year (2) Notwithstanding subsection (1) – (a) a Local Authority may at any time durin...
(1) For the purposes of this Act, there shall be established, under the control and management of a public officer designated for that purpose by the Minister a) a fund to be called the Parochial Revenue Fund; and b) &nbs...
(1) Subject to subsection (3), there shall be paid out of the Parochial Revenue Fund to each Municipal Corporation, not later than the last day in each month in respect of amounts received by the Fund as property tax and licence duties in the preceding month, an amount equivalent to –&n...
(1) Subject to subsection (3), there shall be paid out of the Parochial Revenue Fund to each Municipal Corporation, not later than the last day in each month in respect of amounts received by the Fund as property tax and licence duties in the preceding month, an amount equivalent to –&n...
(1) In this Act, “rateable project” means any work , falling within a prescribed category, for the benefit of the inhabitants of a Local Authority or any geographical subset of a Local Authority. (2) In order to pay for or provide for the costs, charges and expenses incurred or to...
(1) There shall be paid over to a Local Authority, for the purposes of that Local Authority, all moneys which the Local Authority is entitled to collect, arising or accruing from the issue of licences within the geographical area of the Local Authority, under the provisions of any enact...
(1) A Local Authority may impose fees – (a) in relation to any works or services which it is required or empowered to provide under the Local Governance Act or any other enactment; or (b) for works or services performed by it on behalf of any department or agency of government or any ot...
(1) Subject to the provisions of this section, a Local Authority may, with the approval of the Minister responsible for finance, borrow any sums required by it for meeting any of its obligations or discharging any of its functions. (2) Any borrowing by a Local Authority under this...
(1) Subject to subsection (3), there shall be paid out of the Parochial Revenue Fund to each Municipal Corporation, not later than the last day in each month in respect of amounts received by the Fund as property tax and licence duties in the preceding month, an amount equivalent to –&n...
(1) Subject to subsection (3), there shall be paid out of the Parochial Revenue Fund to each Municipal Corporation, not later than the last day in each month in respect of amounts received by the Fund as property tax and licence duties in the preceding month, an amount equivalent to –&n...
The recurrent expenses of a Local Authority shall be met out of its funds derived from – (a) rates, user fees, licence fees, service charges and administrative fees; (b) taxes and other transfers from central government; ...
...That the funds of the Parochial Revenue comes from Property Taxes,Licenses duty on motor vehicles, investment or other income, profits or gains and such other amount, or source of revenue ...
14. – (1) Subject to subsection (3), there shall be paid out of the Parochial Revenue Fund to each Municipal Corporation, not later than the last day in each month in respect of amounts received by the Fund as property tax and licence duties in the preceding month, an amount equivalent ...