Development Fund Act 2011 (No. 10 of 2011).
Type of law
This Act provides for the establishment of the Development Fund. The Fund shall facilitate the funding of development projects. A person must not withdraw, or authorize or permit a withdrawal of, an amount from the Fund unless: (a) the purpose of the withdrawal has been approved by Cabinet in writing; and (b) the procedures for the withdrawal prescribed by Regulations have been complied with. The Act grants regulation-making powers to Cabinet.
Long title of text
An Act to establish the Development Fund and for related purposes.
Date of text
Nauru Sessional Legislation.