The Department of Finance is preparing for the implementation of the Procurement and
Asset Disposal Act No. 19 of 2015. The Procurement & Asset Disposal Act will repeal
the Procurement and Stores Regulations (Statutory Instrument No. 37 of 1997).
This is to provide for public finance management, for the
establishment of a Contingencies Fund, Sinking Fund, special fund or
trust fund, the execution of appropriations, the oversight of statutory
bodies and for related matters.
AN ACT to repeal Title IX on bankruptcy of the Commercial Code, Cap. 13.31 and
make new provisions for the regulation of insolvency, for corporate and individual
insolvency, to provide for the rehabilitation of the insolvent debtor, to create the office of
Supervisor of Insolvency and for related matters.
The purpose of the Bill is to consolidate and modernize the laws relating to debt management by providing for the administration of public debt management; a Medium-Term Debt Management Strategy; Public Debt Sustainability Analysis; Government borrowings, guarantees, on-lending; and to reduce multiple issuers of debt and ensure sound financial policies in relation to the management of public debt.
PUBLIC PROCUREMENT AND ASSET DISPOSAL ACT
AN ACT to regulate and provide for the procedures to be applied in the public procurement of goods, works and services, for the public procurement of projects under a public-private partnership, for the institutions responsible for those matters and related matters. (Amended by Act 13 of 2020)
STATUTORY INSTRUMENT, 2023, No. In exercise of the power conferred under section 120 of the Public Procurement Act, Cap. 15.10, the Minister responsible for finance makes these Regulations:
This is an act to consolidate and modernize the laws relating to
debt management by providing for the administration of public debt
management; a Medium-Term Debt Management Strategy; a Public
Debt Sustainability Analysis; Government borrowings, guarantees, onlending; and to reduce multiple issuers of debt and ensure sound financial
policies in relation to the management of public debt and related matters.
Pursuant to Sections 11-22 of the Public Procurement Act Cap.15.10 of the
Revised Laws of Saint Lucia, and as per powers of the Minister for Finance
under section 14(2), the following have been appointed to serve on the Central
Public Procurement Board for a period of three years effective June 01, 2024 to
May 31, 2027:
The Parliament of Saint Lucia has finally passed the Insolvency Legislation, which has been in the making for the past 10 years. This legislation will modernize the credit sector in Saint Lucia and provide protection and benefits for both creditors and debtors.