Section 13: Income of Trust
consolidated text (as amended). juris shows the text as it was consolidated; it does not confirm that this is the law in force today.
13. Income of Trust
(1) The Trust may receive—
(a) any money appropriated from the Consolidated Fund or the Capital Fund; and
(b) any money lawfully accruing to the Trust from any other source.
(2) Subject to the Minister’s approval, the Trust may—
(a) raise funds upon such terms and conditions as the Board may
determine by—
(i) negotiating loans within or outside Mauritius;
(ii) the issue of shares, debentures or certificates of indebtedness; or
(iii) arrangements with a bank for credit facilities; and
(b) secure the repayment of any amount raised under paragraph (a),
by a charge or mortgage over the assets of the Trust or otherwise as the Board thinks fit.