The Bahamas Weekly Facebook The Bahamas Weekly Twitter
News : Bahamas Information Services Updates Last Updated: Aug 9, 2017 - 6:56:39 PM

Almost $20 million for capital development of constituencies over next 5 Years
By Matt Maura
Aug 9, 2017 - 10:29:41 AM

Email this article
 Mobile friendly page
Nassau, The Bahamas – The Government of The Bahamas will inject almost $20 million into the capital development of the 39 constituencies throughout the Commonwealth of The Bahamas over the next five years through its Constituency Capital Grant Programme.

The Constituency Capital Grant Bill, 2017, (Short Title) came into force July 1, 2017, and provides for the allocation of Constituency Capital Grants in the amount of $100,000 per annum for each of the 39 constituencies throughout The Bahamas to facilitate development, and for connected purposes.

That amounts to $3.9 million annually, and balloons to $19.5 million over a five-year period.

Administration officials say all grants payable under the Act will be charged on and paid out of the Consolidated Fund. Grants allocated under the Programme must be used for authorized capital development projects (approved by the Minister of Finance) only, and includes any works carried out for the overall or partial development of a constituency; the maintenance of any roads, parks or other public facility within a constituency; the beautification of the environment within a constituency or any other work as the Member of Parliament considers appropriate for the development, educational or cultural endeavours of his constituency (as approved by the Minister of Finance).

No Member of Parliament shall utilize any portion or part thereof of a grant for any political meeting or forum; any fundraising activity for any political party or the payment, maintenance, upkeep, salaries and other expenses in respect of the constituency office.

Constituency Capital Grants are not to be confused with the Constituency Allowances Members of Parliament currently receive for the payment, maintenance, upkeep, salaries and other expenses in respect of the Constituency Office.
Additionally, no Member of Parliament shall award a contract for a Capital Development project to a member of his family or to any business or company for which the beneficial owners of that company are family members of the Member of Parliament.

Mr. Anthony Newbold, Press Secretary in the Office of the Prime Minister, said in order to obtain authorization for payment for any project, the Member of Parliament must submit a proposal for the capital development project to be carried out to the Minister of Finance who bears sole responsibility for authorization of payments.

“Such proposal shall contain a declaration by the Member of Parliament stating his intention to have such project carried out as specified therein,” Mr. Newbold said. “For each development, a proposal must be advanced with quotations, any required approvals and permits and of course a tax compliance certificate for the person carrying out the project.

“The Minister of Finance is the only person who can authorize such a payment. This is not the end though, proper accounts must be kept and a report prepared for the Auditor-General at the end of each fiscal year,” Press Secretary Newbold added.

Bookmark and Share

© Copyright 2017 by thebahamasweekly.com

Top of Page

Receive our Top Stories

Preview | Powered by CommandBlast

Bahamas Information Services Updates
Latest Headlines
Bahamasair Adds Houston to its Schedule
Office of the Attorney General's Statement: Justice Ricardo Guy Marques (Retired)
‘Talk about the opportunities, and Sell the strengths’ Minister Thompson tells Grand Bahamians
Bahamas Marinas and Boating Partners tout “We are open for business” message at 2017 Fort Lauderdale Intl. Boat Show
PM Minnis Promotes ‘Bahamian Experience’ at Baha Mar