Limitation on extent to which Authority may enter into contracts
20 Limitation on extent to which Authority may enter into contracts
S. 20(1) amended by Nos 35/1988 s. 19, 127/1993 s. 9(1), 40/2019 ss 68, 78(4).
Before entering into any contract the consideration of which exceeds $750 000, the Authority shall submit to the Minister such particulars as are from time to time required by the Minister to be submitted to the Minister by the Authority with respect to such contracts.
S. 20(2) amended by Nos 35/1988 s. 19, 127/1993 s. 9(1), 40/2019 s. 68.
A contract made by the Authority the consideration of which exceeds $750 000 shall not have any force or effect unless sanctioned by the Minister.
Nothing in this section applies to or in respect of an agreement under Part V.
S. 21 amended by No. 127/1993 s. 9(1).
The statute text is free to read above. View subscription options to unlock the case-law research tools for each provision.