Revised Laws of Saint Lucia (2021)

25.   Approval of borrowing by Minister and of the House for guarantee of any borrowing

  1.  

    (1)   Subject to the approval of the Minister of Finance the Corporation may borrow money for any of its functions under this Act.

  1.  

    (2)   With the approval of the House of Assembly, signified by a resolution, the Minister of Finance may guarantee any approved borrowing by the Corporation.

  1.  

    (3)   A borrowing guaranteed under this section shall in default of payment by the Corporation be charged on the Consolidated Fund.