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9. Restriction on borrowing powers of statutory authority so long as guarantee outstanding

So long as the Government continues to be liable under any guarantee or other undertaking given in exercise of the powers conferred by section 8(1) in respect of any borrowing by a statutory authority the statutory authority shall not, except with the consent of the Minister, exercise any other power to borrow possessed by it.

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9. Restriction on borrowing powers of statutory authority so long as guarantee outstanding

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

10. Powers of Minister in event of default by statutory authority

11. Statutory authority to repay to Government sums paid under guarantee