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New Plymouth District Council (Perpetual Investment Fund) Bill
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Glen Bennett
New Plymouth District Council (Perpetual Investment Fund) Bill
Local Bill
200—1
Contents
Explanatory note
1
Title
2
Commencement
Part 1
Preliminary provisions
3
Purpose
4
Interpretation
5
Relationship between this Act and other legislation applicable to council financial management
Part 2
Perpetual Investment Fund
6
PIF to benefit New Plymouth District
7
Principles for managing and applying PIF
8
Investment decisions
9
Application of sections 7 and 8
10
Investment decisions do not need to be provided for in long-term plan
11
Council not trustee
The Parliament of New Zealand enacts as follows: