Amount of each debenture

Notwithstanding anything to the contrary in the Local Public Loans Act, Cap. 80, each debenture may be for the sum of ten thousand dollars. 8 SCHEDULE LOAN (DEVELOPMENT) (NO. 2) ACT Purpose of the Loan [Section 4 (2)] 1. Assistance to Belize Electricity Board for re-financing of short term and medium term loans. $5.5m 2. Local costs of Belize City Water and Sewerage Project. $5.0m 3. For housing, agricultural and industrial credits by Development Finance Corporation $2.0m 4. For housing by Reconstruction and Development Corporation and the Government Housing Loans Board. $2.5m