NATIONAL ASSEMBLY LIBRARY TRUST FUND (ESTABLISHMENT) ACT, 2022
Section 9: Powers of the Board of Trustees.
(1) The Board of Trustees has powers to -
(a) award contracts of any kind or description for any amount, whether in local or foreign currency in conformity with the due process requirements as provided under any law, rule, guideline or regulation; and
(b) invest money accruing to the Trust Fund and approve the utilisation of the returns on investment in the same way as money accruing to the Trust Fund.
(2) In the discharge of its duty under this Act, the Board of Trustees shall -
(a) through the National Assembly Directorate of Library and Research, identify the funding needs of the National Assembly Library for the enhancement of the performance of the legislature;
(b) enter into contractual arrangements for the purpose of executing approved projects on behalf of the Trust Fund;
(c) oversee the implementation of projects of the National Assembly Library financed through money accruing to the Trust Fund;
(d) enter into public-private partnership and private finance initiative arrangements and agreements necessary for the National Assembly Library projects execution;
(e) be entitled to one vote each on the Board of Trustees and simple majority of all Board of Trustees members shall be necessary for a decision; and
(f) in case of equality of votes, the Chairman or any other member performing the functions of the Chairman shall have a second or deciding vote.
Cite this section
Section 9, NATIONAL ASSEMBLY LIBRARY TRUST FUND (ESTABLISHMENT) ACT, 2022 (2022).
https://repo.podus.ai/laws/national-assembly-library-trust-fund-establishment-act-2022/section/9/