(1) The Minister responsible for finance may, in accordance with section 38 of the Finance (Administration) Act, borrow by way of advances from the Government such sums as may be necessary for carrying out the functions of Invest Saint Lucia under this Act.
(2) For the purpose of making advances to Invest Saint Lucia under this section, the Minister responsible for finance may authorize advances out of the proceeds of any loan raised for the purpose or out of the reserve fund, revenues or surplus balances of the State.
(3) Pending the raising of a loan under subsection (2), the Minister responsible for finance, by warrant under his or her hand and in accordance with section 29 of the Finance (Administration) Act, may authorize the Accountant General to make advances out of the revenue of the State to Invest Saint Lucia in such sums and on such terms and conditions as the Minister responsible for finance thinks fit for the purposes authorized by this Act.
(4) The repayment of an advance made under this section and the payment of interest on the advance shall be made by Invest Saint Lucia in like manner and on like conditions as borrowings by Invest Saint Lucia, subject to any special terms and conditions which may be stipulated with respect to the advance by the Minister responsible for finance upon the making of such repayment or payment.