Money Matters, Land Acquisition Down For Debate

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Prime Minister Freundel Stuart

Members of Parliament are expected to consider a number of supplementary money resolutions and land acquisitions, when debate starts tomorrow, Tuesday, March 6 in the Lower House.

Prime Minister Freundel Stuart will move the First Reading of the National Petroleum Corporation (Amendment) Bill, 2012. As the Committee of Supply, Members will debate a Resolution to have $8 247 285 taken from the Consolidated Fund and placed at the disposal of Government to supplement the Estimates No. 8, 2011-2012.

In accordance with Section Five of the Land Acquisition Act. Cap 228, Minister of Housing and Lands Michael Lashley will seek to have Government compulsorily acquire two parcels of land at The Garden Land and Skeetes Road, St. Michael. The land is to be used for the construction of a pump station and septic tank to address the domestic sewage issues in the area as part of the upgrading work under the Housing and Neighborhood Upgrading Programme.

Meanwhile, Minister of Finance and Economic Affairs, Chris Sinckler, will move a Resolution to have approved the guarantee by Government the repayment of a BDS$17.0 million loan and interest and other charges in respect of that loan secured from the National Insurance Board by the Barbados Tourism Authority (BTA). The money is to assist in the provision of working capital to facilitate the meeting of the BTA’s obligations and the execution of its policy and general administration.

Mr. Sinckler is also expected to lay the Estimates 2012-2013, tomorrow, in the House of Assembly. Debate on the Estimates will commence next Monday, March 12.

cathy.lashley@barbados.gov.bb

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