General Financial (Amendment) Regulations, 1981

L.N. 70 of 1981

FINANCIAL ADMINISTRATlON AND AUDIT ACT, 1962

(ACT NO. l of 1962)

General Financial (Amendment) Regulations, 1981

IN exercise of the powers conferred by subsection (l) of section 4

of the Financial Administration and Audit Act, 1962, the Minister of

Finance. Customs and People's Financial Investments has made the

following regulations:-

These regulations may be cited as the General Financial

(AmendmenO Regulations, 1981, and shall be read and construed as

one with the Financial Regulations, 1966, hereinafter referred to as

"the principal regulations".

For regulation 105 of the principal regulations there shaH be

substituted the following

1 05. Except where the Minister otherwise directs and

sa ving the provision of the last preceding regulation. the pro-

cec1ure for the procurement of stores shaH be the following

(i) articles costing not more than 000 may be

purchased departmentally by tender or from the open

market at the discretion of the accounting officer con­

cerned

Provided that any order for purchase exceeding

fI50 in value shall be subject to the approval of the

Minister responsible for the department effecting such

purchase

Provided further that purchase of the same or

closely similar material, in small lots, during a period

of six months shall not exceed a total value of fI ,000;

(li) articles costing between f300 and fl ,500 may

be purchased after a departmental call for tenders. Such

tenders shall be opened by the .accounting officer con­

cerned in the presence of the Accountant General or his

representative;

(ili) articles costing over fl,500 shall be purchased

after a call for public tenders issued by the Accountant

General. .

"

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