APPROVED ORGANISATIONS AND AUTHORITIES LOANS (GOVERNMENT GUARANTEE) ACT

ARRANGEMENT OF SECTIONS

   1   Short title

   2   Power to guarantee loans to approved organisations or authorities

   3   Security for loans guaranteed under this Act

   4   Repayment of amounts guaranteed in default

   5   Protection of amount paid under section 4

   6   Minister may remit taxes duties and fees

 

THE APPROVED ORGANISATIONS AND AUTHORITIES LOANS (GOVERNMENT GUARANTEE) ACT

[Date of Commencement: 29th July, 1948]

Cap 18.

Laws
34 of 1953,
37 of 1959.

Acts
48 of 1969,
17 of 1970,
42 of 1979,
20 of 2011.

1   Short title

   This Act may be cited as the Approved Organisations and Authorities Loans (Government Guarantee) Act.

2   Power to guarantee loans to approved organisations or authorities

   (1) Subject to the provisions of subsection (2), the Minister may, with the prior approval of the House of Representatives guarantee-

[17/1970 s 2; 42/1979 s 2.]

   (a)   the repayment of the principal moneys and interest and any other amounts payable under or upon any loan raised by any organisation or authority approved by the Minister; and

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