← belizelaw.ai · Belize Marketing And Development, Cap. 281 · PART III — Miscellaneous

Government advance

Cap. 281, s. 16 · Revised Edition 2020

(1) The Minister may, with the approval of the National Assembly, by warrant under his hand, authorise the Financial Secretary to make advances to the Corporation in such sums and on such terms and conditions as the Minister may think fit for the purposes of this Act. (2) The Corporation shall not, without the previous consent in writing of the Minister, borrow any sum of money, or mortgage or pledge its assets for the repayment of any sum borrowed or owing by the Corporation.

Amended by: 17 of 1989; 6 of 2003

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