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the Petrocaribe Funds? Mi say it all the while, some a dem ppl yah belong unda the jail.
How many times the demons that wear green insist that the PetroCaribe Fund must be placed in the Consolidated Funds so it can be spent with Parliamentary approval? What the former PM said? NO! I am nat in dat. I wonder if unuh read the Jamaican Constitution (Jamaican Shackle) if see who made more sense? Guess not ... religious fanatics just simply believe them religious leaders bull s h i t. Right Karl?
How many times the demons that wear green insist that the PetroCaribe Fund must be placed in the Consolidated Funds so it can be spent with Parliamentary approval? What the former PM said? NO! I am nat in dat. I wonder if unuh read the Jamaican Constitution (Jamaican Shackle) if see who made more sense? Guess not ... religious fanatics just simply believe them religious leaders bull s h i t. Right Karl?
</TD></TR><TR><TD><SPAN class=Description>Ken Chaplin </SPAN></TD></TR></TBODY></TABLE><P class=StoryText align=justify>. The Ministry of Housing, Water, Transport and Works received $394,248,476 from the Petroleum Corporation of Jamaica, and the National Works Agency (NWA) received $850,690,425 from the Urban Development Corporation and $148 million from the ministry. The amount received by the NWA was to settle outstanding bills arising from hurricanes Ivan, Dennis and Emily, to start a flood mitigation programme and to undertake new works, including the Norman Manley Airport road and Section 1 of Segment 2 of the Northern Coastal Highway Improvement Project.<P class=StoryText align=justify>. No related loan agreements were presented in respect of the transfer of funds and no information provided as to when and how these resources would be repaid.<P class=StoryText align=justify>Because the funds were being used for public works, in all probability it is the central government which will be required to repay these amounts to the PetroCaribe Fund, and therefore the amounts should constitute a part of the public debt. It was recommended that in keeping with the requirements of the constitution and the Financial and Audit Act, appropriate budgetary provision should be approved by Parliament and the necessary cash transfer made between the implementing ministry and the Consolidated Fund.<P class=StoryText align=justify>Central government's obligations to repay these amounts should be reflected as part of the public debt. Appropriate loan agreements should also be entered into between central government and the PetroCaribe Fund.<P class=StoryText align=justify>The Ministry of Finance and Planning subsequently advised that as soon as the PetroCaribe Development Fund was passed into law, the intention is to have a formal loan agreement executed between the government and the fund and to seek parliamentary approval in the Supplementary Appropriation Act for 2006-2007 to cover the related expenditure.<TABLE cellSpacing=0 cellPadding=5 width=110 align=left border=0><TBODY><TR><TD>
</TD></TR><TR><TD><SPAN class=Description>STRACHAN...found many breaches</SPAN></TD></TR></TBODY></TABLE><P class=StoryText align=justify>It seems to me that when the PetroCaribe Fund is brought into the Consolidated Fund, the auditor general will be better able to deternine whether the money was properly used. But it was of fundamental importance that the fund should have been brought into the Consolidated Fund from the very beginning.<P class=StoryText align=justify>Meanwhile, the auditor general has expressed concern on certain aspects of the Housing Fund revenue. He said the records disclosed that as of March 2006, land payments, and administrative and legal fees totalling $77.68 million were owned to the ministry by 12 developers, who had not complied with the stipulated payment schedules. It was disclosed that delays in the registration of land, failure of developers to pro
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