Order Paper for Sept. 3

THIRD SITTING OF THE FIRST SESSION OF THE THIRD HOUSE OF ASSEMBLY OF THE VIRGIN ISLANDS

TO BE HELD ON THURSDAY, 3RD SEPTEMBER, 2015 AT THE HOUSE OF ASSEMBLY ROAD TOWN, TORTOLA AT 10:00 A.M.

ORDER OF THE DAY

ORDER OF THE DAY 1)

Prayers

2)

Confirmation of Minutes Confirmation of Minutes for the Meeting of 6th July, 2015

3)

Announcements by the Speaker

4)

Statements by Ministers

5)

Presentation of Papers a) The Minister for Health and Social Development to lay on the table the following documents: 1. Statutory Instrument 2015 No. 43 Hospital (Amendment) Regulations, 2015; 2. Statutory Instrument 2014 No. 52 Hospital Regulations, 2014; and 3. BVI Branch of the Guiding Association Annual Report for the year 2012/2013. b) The Minister for Communications & Works to lay on the table the following document: Taxi and Livery Commission Annual Report 2012.

6)

Notices of Motions Given Orally a)

7)

The Premier and Minister of Finance to give notice that, at a later stage in the proceedings, he would seek leave to move the Motions standing in his name under Items 7(1)(i) to (iv) on the Order of the Day.

Public Business 1)

Government Business Introduction and First Reading i)

The Premier and Minister of Finance to move a Motion for the Introduction and First Reading of the Bill entitled, “Employee Mobility (Amendment) Act, 2015�; 1

ii)

The Premier and Minister of Finance to move a Motion for the Introduction and First Reading of the Bill entitled, “Insurance (Amendment) Act, 2015”;

iii)

The Premier and Minister of Finance to move the following Motion: WHEREAS it is provided by section 33 of the Public Finance Management Act, 2004 (No.2 of 2004) that the Government or any person acting on behalf of the Government has no power to give a guarantee involving the Government in any financial liability unless the guarantee is given in accordance with an enactment or under the authority of a resolution of the House of Assembly of the Virgin Islands; WHEREAS the House of Assembly of the Virgin Islands approved generally by Resolution No. 2 of 2015 the borrowing by the British Virgin Islands Electricity Corporation (hereinafter referred to as “BVIEC”) of the sum of Thirty-five million dollars ($35,000,000.00) to aid the financing of BVIEC’s Phase V Development Programme; WHEREAS the House of Assembly of the Virgin Islands by Resolution No. 8 of 2015 approved specifically the borrowing by BVIEC of the aforesaid said sum of Thirty-five million dollars ($35,000,000.00) (to be applied towards the BVIEC Phase V Development Programme aforesaid) from the Social Security Board at the rate of 3.5% per annum for the first seven years of the loan and at a fixed rate of 5.0% per annum thereafter, to be repaid within fifteen years in no more than sixty equal quarterly instalments after a two year grace period (if applicable); WHEREAS under the borrowing arrangements negotiated by the BVIEC, the Government is required to guarantee repayment of the sum to be borrowed by the BVIEC; WHEREAS it is expedient that the Government guarantee the said borrowing of Thirty-five million dollars ($35,000,000.00) by the BVIEC from the Social Security Board; NOW THEREFORE BE IT RESOLVED THAT THE House of Assembly of the Virgin Islands approve the guaranteeing by the Government of the Virgin Islands of the repayment of the sum of Thirty-five million dollars ($35,000,000.00) borrowed by BVIEC from the Social Security Board for the purpose of the BVIEC Phase V development programme at the rate of 3.5% interest per annum for the first seven years of the loan at a fixed rate of 5.0% per annum thereafter, to be repaid within fifteen years in sixty quarterly instalments after a grace period of two years (if application) from the date of receipt of the said sum.

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iv)

The Premier and Minister of Finance to move the following Motion: BE IT RESOLVED that the House of Assembly of the Virgin Islands approves the supplementary estimate set out in the Schedule which represents monies to be expended under their respective Heads in variation of the amount appropriated by the Appropriation (2013) Act, 2012 (Act No. 14 of 2012) as follows: (a) Recurrent Expenditure of nineteen million four hundred and twelve thousand nine hundred dollars ($19,412,900) to be charged against the Consolidated Fund of the Territory.

2)

Private Members Business

8)

Other Business

9)

Adjournment

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