2023 Laws not yet authenticated through a Commencement Order

Revised Laws of Saint Lucia (2023)

65.   Government guarantee, indemnity and other contingent liability

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    (1)     The Minister may, by an affirmative Resolution of the House of Assembly, grant a guarantee in accordance with an enactment.

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    (2)     The Minister shall, by an affirmative Resolution of the House of Assembly, establish and review a ceiling on the aggregate amount of a guarantee given by the Government.

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    (3)     A Resolution of the House of Assembly under subsection (2) must give details of —

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      (a)     the amount guaranteed;

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      (b)     the terms and conditions of the guarantee;

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      (c)     the person or the legal entity in whose name the guarantee is intended; and

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      (d)     the object and reasons for giving of the guarantee.