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Senate Passes Financial Autonomy...
Date Uploaded: Aug 14, 2016

 Bong County Senator Jewel Taylor

 

Senate Passes Financial Autonomy Act
By Ballah M. Kollie, LINA

MONROVIA, August 13 (LINA) – The Liberian Senate Thursday passed an act granting financial autonomy to the Legislature. The Senate has forwarded the Act to the House of Representatives for concurrence.

Sponsored by Bong County Senator Jewel Taylor, the Act seeks to ensure that funds allotted to the National Legislature in the national budget are in each fiscal year are deposited quarterly into the account of the legislature at the Central Bank of Liberia.

The Act provides that each deposit is made no later than two weeks into each quarter, and that the management and processing of all documents relating to the administration of such
allotment shall be subject to compliance with all provisions of the Public Procurement and Concessions Act.

According to the Act, administration of said budget shall also be in compliance with the Public Financial Management Law, the Internal Audit Agency Act, the new National Budget Law of Liberia as well as all government adopted accounting standards and procedures and shall be audited annually by the General Auditing Commission, GAC.

Meanwhile, the Senate committee on Gender, Children and Social Protection will hold a Public hearing on the Affirmative Action and Equitable Representation Bill on Monday, August 15 and the Domestic Violence Bill on Wednesday, August 17.

The Affirmative Action and Equitable Representation Bill is being sponsored by the Women Legislative Caucus of Liberia, otherwise known as the He-for-She Champions of the National Legislature.

The bill seeks to create 21 additional seats in the House of Representatives.  Of these 21 seats, 16 will be set aside exclusively for women, three for youth and two for the disabled.
LINA/BMK/PSN/TSS

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