Castries, Saint Lucia: Deputy Prime Minister of Saint Lucia- Ernest Hilaire shared the update on the sitting of the house of assembly and the bills presented in the parliament on Tuesday, March 7, 2023.
A Sitting of the House of Assembly is scheduled for Tuesday, March 7, 2023 with Papers to be laid by Prime Minister and Minister for Finance, Economic Development and the Youth Economy and Minister for Justice and National Security, Minister for Education, Sustainable Development, Innovation, Science, Technology and Vocational Training and Minister for Commerce, Manufacturing, Business Development, Cooperatives and Consumer Affairs.
The Motion for consideration is as follows:
BE IT RESOLVED that Parliament authorizes the Minister of Finance to guarantee an overdraft facility in the amount of EC$3,500,000.00 from the Republic Bank (Eastern Caribbean) Limited to the St. Jude Hospital for the purpose of assisting with working capital requirements;
BE IT FURTHER RESOLVED that —
(a) the repayment of the advances are on demand;
(b) the interest is payable monthly at the Bank’s Base Lending Rate from time to
time less four per cent (4%) per annum with a present effective rate of six percent (6%) per annum;
(c) a commitment fee of Five Thousand Dollars is payable on acceptance of the commitment letter
The following Bills are down for consideration:
1. Constitution of Saint Lucia (Amendment) (No. 2)
2. Credit Reporting
Tuesday’s Sitting is scheduled to commence at 10:00 a.m. The Sitting of the Senate is scheduled for Thursday, March 9, 2023 at 10:00 a.m.
Please access the Bills via the link below:
Prime Minister of Saint Lucia- Philip J Pierre also shared the update and stated that they have succeeded in protecting the Constitution from any future injury as was experienced from 2016-2021 by the non-appointment of a Deputy Speaker.