2023 Laws not yet authenticated through a Commencement Order

Revised Laws of Saint Lucia (2023)

ACT

(Acts 3 of 1972 and 6 of 1977)

Act 3 of 1972 .. in force 22 January 1972

Amended by Act 6 of 1977 .. in force 14 March 1977

ARRANGEMENT OF SECTIONS

1.Short title
2.Interpretation
3.Power of the Government to borrow from the Caribbean Development Bank
4.Loans to be charged on general revenues and assets
5.Power to issue instruments including bonds
6.Borrowing by statutory authority from the Bank
7.Application of loan moneys by statutory authority
8.Power of Government to guarantee loans by Bank to statutory authorities
9.Restriction on borrowing powers of statutory authority so long as guarantee outstanding
10.Powers of Minister in event of default by statutory authority
11.Statutory authority to repay to Government sums paid under guarantee
12.Arbitration
13.Implementation of obligations under the agreement

AN ACT to provide for the raising of loans from the Caribbean Development Bank by the Government and by certain statutory authorities and for connected matters.

Commencement [22 January 1972]