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Functions of the CEO of a CFZ

Cap. 278, s. 11 · Revised Edition 2020

(1) The functions of the Chief Executive Officer of a CFZ shall be to– (a) attend to the daily management of the business activities of the CFZ in accordance with this Act and any regulations and policy guidelines 14 governing the CFZ and to carry out the instructions of the CFZ developer and the CFZ (b) employ, supervise and remove staff subject to confirmation by the Board of Directors of a CFZ; (c) formulate loan requests for the CFZ and an annual budget with plans and programmes for presentation to and approval by the CFZ (d) prepare periodic reports and an annual report, including an audited statement of the accounts of the CFZ, to be presented to the CFZ Board of Directors and the Ministry responsible for commercial free zones; (e) execute decisions and resolutions made by the CFZ Board of Directors, including, but not limited to, the purchase, sale and disposal of properties and assets of the office of the CFZ (f) contract the services of management or technical experts on matters of the organization and operations of the CFZ, subject to the dire ™ ns of the Board of (g) collect administrative fees and charges as prescribed under this Act, the regulations, or by the CFZ developer and duly account for such fees and charges; (h) issue Certificates of Origin to those businesses operating within the CFZ; 15 (i) ensure that all building and landscape plans within a CFZ comply with guidelines given by the CFZ Board of Directors, and the laws of Belize; (j) Carry out any other responsibilities that may be assigned by the CFZ developer or the Board (2) For the purpose of this section, “Certificate of Origin” means the documentation issued by the NFZA or any authorised agency in Belize for the purpose of import and export trade, designating goods and services as originating from Belize subject to regulations made under this Act.
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Functions of the CEO of a CFZ — Cap. 278 s. 11 · Belize Law