Mode of issue of Treasury Bills

(1) Treasury Bills may be issued at fixed rates of discount or at rates of discount to be determined after tenders have been received. (2) When Treasury Bills are to be issued at a fixed rate of discount such rate shall be fixed by the Minister and published by notice in the Gazette. (3) The Financial Secretary may, when so authorised in that behalf by the Minister, invite applications or tenders for Treasury Bills by notice published in the Gazette and any newspaper published in Belize not less than seven clear days before the final date on which such applications or tenders will be received. Such notice shall specify the period, being a period not exceeding twelve months, for which the Bills are to be issued. 1 Note Statutory Instrument No. 70 of 2020 is partially incorporated where Rule 2 and Rule 3 cannot be consolidated unless the Treasury Bills Act is first amended. 5