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]
34 of 1953,
37 of 1959.
48 of 1969,
17 of 1970,
42 of 1979,
20 of 2011.
This Act may be cited as the Approved Organisations and Authorities Loans (Government Guarantee) Act.
(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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