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Ministry of Justice Special Revenue Fund of 1989 [11 MIRC Ch 8]

11 MIRC Ch. 8


MARSHALL ISLANDS REVISED CODE 2004


TITLE 11 -CENTRAL GOVERNMENT


CHAPTER 8.


MINISTRY OF JUSTICE SPECIAL REVENUE FUND


Arrangement of Sections


Section


§801. Short title.
§802. The Ministry of Justice Fund.
§803. Payments into the Fund.
§804. Payments out of the Fund.
§805. Accounts and records.
§806. Taxation.

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An Act to provide for the creation of a Ministry of Justice Special Revenue Fund and for related purposes.
[This Act was formerly codified as 3 MIRC Ch. 16. Section numbering style modified to reflect new format (Rev.2003)]


Commencement: September 18, 1989


Source: P.L. 1989-70
P.L. 1991-128
P.L. 1992-14
P.L. 1994-99


§801. Short title.


This Chapter may be cited as the Ministry of Justice Special Revenue Fund of 1989.
[P.L. 1989-70, §1.]


§802. The Ministry of Justice Fund.


The Ministry of Justice Special Revenue Fund (the Fund) is hereby established. The Fund is a [special revenue] fund within the National Treasury and under the control and supervision of the Ministry of Finance, which shall provide for its administration in accordance with the Financial Management Act of 1990, as amended, 11 MIRC 1. [P.L. 1989-70, §2; amended by P.L. 1994-99, §3(1).]


§803. Payment into the Fund.


There shall be paid into the Fund:


(1) any money appropriated by the Nitijela for the purposes of the Fund;


§804. Payments out of the Fund.


(1) Payments shall be made out of the Fund for or to the following purposes:

provided, however, sums received for a specific purpose may and shall only be used for said purpose.


(2) The Attorney-General shall in advance of each financial year prepare and present to the Minister of Justice (the Minister), for his approval, a budget for the withdrawal and expenditure of monies out of the Fund for that financial year. The budget may, with the approval of the Minister, be revised from time to time as the Attorney-General deems necessary. Approved budgets shall be forwarded to the Secretary of Finance to guide him in the proper administration of the Fund. For each budget year the Commissioner of Public Safety shall furnish to the Secretary of Finance information on the anticipated fees, costs, dues, or contributions required for the Republic’s membership in Interpol. The Secretary of Finance shall assure that sufficient funds are retained to meet such costs. [P.L. 1989-70, §4; amended by P.L. 1991-128, §2; P.L. 1992-14, §2, P.L. 1994-99, §3(1).]


§805. Accounts and records.


(1) The Secretary of Finance shall cause to be maintained accounts and records in accordance with generally accepted accounting principles for government funds, as adopted and occasionally amended by the Government Accounting Standards Board, of:


(2) The accounts and records referred to in Subsection (1) of this Section are subject to audit under Article VIII, Section 15 of the Constitution. [P.L. 1989-70, §5.]

§806. Taxation.


The fund and related transactions are not subject to any tax, rate, charge, or impost under any other law. [P.L. 1989-70, §6.]


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