← belizelaw.ai · Reconstruction And, Cap. 193 · PART II — Establishment, Powers, Duties, etc., of Reconstruction and
Borrowing powers
Cap. 193, s. 7 · Revised Edition 2020
(1) The Corporation may borrow from any person or body whether corporate or un incorporate such sums as may be necessary for the purposes of conducting the business and affairs of the Corporation or for exercising any of the powers conferred upon the Corporation by this Act.
(2) The Government may lend to the Corporation for any of the purposes set out in subsection (1) of this section any sum either out of the Consolidated Revenue Fund or out of any loan raised by the Government for the purposes of the Corporation,
or out of any funds deposited with Government, subject to such terms and conditions as may be agreed between Government and the Corporation.
(3) Every sum borrowed from any person or body corporate or incorporate other than Government shall be 8 borrowed upon such terms and conditions as may be approved by the Minister.
Amended by: 7 of 1968; 7 of 1968
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