{)itgr. iI2:22
\r,-. 6i2S15
(b) thccostof ilcil..r'i';rS it t-ir.ilii.l
t-rrscr'",icercsultingfi'omthcpIOji:ct
by the contrlictitig littiili"iiL)''-iocs llot intpclse elll unrcilsollablc trrirr-icn
on uscrs of oerlli.tlillr'rs 0r iiic iliciiit''' or scr|ice:
()f ll eOlliriictin(I authOrity Or a ncw asset ttl
be accluircd fclr tlit' l)til1()\c\ tri ciiicriilg ilrio all agreemcnf:
"Conimittec" nrcllns thc Joint \/i:nirir c Ciliitrrritt,.lr: cstablishcd in icrms o1'si:ciiotl
"asset" irtclu<lcs an cxisting
aSSet
a(l)r
"contilgcnt liabiiity" inciudcs auy liability a:;:;unted by tltc rJoi'ct"t;t'tiettt".';l'iclr
as a Govcrnmcnt guaralttcc for a loan or similar aclvance. in tLre u'r'citi tlr
default by a contracting authority in the pcrfcrrmaitce of its oirligati'otts
under a joint ventule agreement:
"contracting authotity" means any Ministry. Governrilcnt departnlcnt oi'pLrhiic
cltity rvhicit h1s cnter:eci into or is consiciering ctttcring into aioint \'.-tlturc
agrcelnctttl
"c:crunterpafiy", irt iclirtion to an agreelllellt.
ilcalls
a party
tti thc agrcctrtcnt
othcr tliatr a contracting authority:
"iuint vcnturc asrcomcnt" or "agrcctrcnt" hlrs the rncaning: given to it
irr
subsection (2):
proieci to bc irnple nlsnlsd undcr ii
ycliturc agree1rrel]l, and iucludcs atil' ol'tltc {t'pcs oi'1lt'tr.iccrt sl-'t:t:ilieril.
.joiut
but nol lirnited to, those spccitierl in l)at'l I o{-lhcr scrltctltrlc;
"joint venturc pruicct" or "project" ll'lcitlls
"\iilistcr"
a
\iinister responsible lirr
lnealts thc
constrr:ed ac.cord
i
n
gl y
{irtttuccr attd
"\'iittislrri'
shall trc
:
"public cntity" nlcarts-
(a)
any corporate bocly established by or in tcmis of an Ac,t of Piitiiantctlt
(b)
lor spccial PulPosesi or
any colnpany in wlricdt thc stilte has a substantial or controllins
inicrcst. u,hethcr by virtue of trolding or cc;ntrolling: shirrcs tlrcreiil
virtue of a t"ight of appointlncnt ()f tncmbet's io thc controlling
brxly thcrcof or othcrwisc. and irrc,lrrcles any crompany rvlricli is a
suitsicliarr ol'thc lirst aforemeltiotrc<i compalt\', as elctct'rttirtcti itt
C)t-by
accorciancc rvith section 143 of thc conl;anies
(c)
(d)
Actlclnpter
24:0,31'.
ir loclrl ltttlh()riiY: or
anv partncrship or joir;t vcllturc bctrveen the state and any pcrson.
(){'tlrc
1;rcscril_.cc1 1-.v thc i.linister for thc purposLrs
ivhiclr is
rlpplicltiiott of thi:;
.
.A.ct
tti hc a lnrblic cntity:
,.jl.ri:Iil . ir.r.'ri'tslt'Ltciltxt. iltvtioitiitcnt^ opci'itticlit of 'Jt-lirtci"t'
..ii'i.';irlt"i..i:,:i,i. i'.i.iiit_r ()1':rfi'\'icc or thc
r"chatlitritertioir.
.. -..r-,..-i-irl,t. ,,ili--i'iit1i.)it. liciiVcl"\/ rll' Illitn:tg*ll^lcrlt {if illl
i,', -':i,.:','. .::>ut.,..' iiiit, (ji' \ii'\ ic''1.
1,, ti'i .: il i i : .i :. i il til C ilr-iLr l iC ilrfl iiilcll
'.\
li r)l 't iri(llI
r .:
-'.
t
1
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-
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:
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hil iit: agulli
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