LOCAL GOVERNMENT CREDIT COUNCILS ACT

Arrangement of Sections

1. Short title.

2. Department and Director of Local Government Credit Councils.

3. Local Government Credit Councils and their members.

4. Dissolution of Credit Councils.

5. Committee of Management.

6. Appointment of subcommittees.

7. Interim Committee of Management.

8. Advisory Committee.

9. Functions of Credit Council.

10. Local Government Credit Councils Fund.

11. Refund of money voted from the Consolidated Fund.

12. Membership contributions.

13. Insurance Fund.

14. Accounts of the Fund.

15. Regulations.

16. Interpretation.

33 of 1983.

AN ACT to establish Credit Councils for Local Authority employees for the purpose granting credit to their members, educating and assisting their members to live frugally and within their means and promoting thrift and savings habits among their members, and to provide for all matters connected therewith or incidental thereto.

[Date of Commencement: 7th September, 1983]

1. Short title.

This Act may be cited as the Local Government Credit Councils, Act.

2. Department and Director of Local Government Credit Councils.

(1) There shall be established a Department of Local Government Credit Councils (hereinafter referred to as the "Department”).

(2) There may be appointed a Director of Local Government Credit Councils (hereinafter referred to as the "Director”) and such number of Deputy Directors and Assistant Directors of Local Government Credit Councils and such other officers and servants as are necessary for the purposes of this Act.

3. Local Government Credit Councils and their members.

(1) There shall be established for each local authority one or more Local Government Credit Council (hereinafter referred to as a "Credit Council”):

Provided that the Director may, where he considers it necessary and appropriate, authorise the establishment of one Credit Council for more than one local authority.

(2) Every local authority employee who is pensionable or who contributes towards a provident fund, shall be a member of a Credit Council established for that local authority.

4. Dissolution of Credit Councils.

Where after the establishment of a Credit Council or Councils for any local authority or local authorities in terms of subsection (1) of section 3, the Director finds it necessary and appropriate that the Credit Council or Councils so established should be varied, he may with the approval of the Minister, dissolve such Credit Council or Councils and in its or their place establish a new Credit Council or Councils, as the case may be, in terms of subsection (1) of section 3.

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NATION BUILDING TAX (AMENDMENT) ACT, NO. 22 OF 2016


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