Section 7: Powers of Minister
consolidated text (as at 2007). juris shows the text as it was consolidated; it does not confirm that this is the law in force today.
7. Powers of Minister
(1) The Minister may raise, in Mauritius or elsewhere—
(a) loans not exceeding an aggregate of 7,500 million rupees in any
financial year; and
(b) further loans of such amount as the Assembly may, by resolution, authorise.
(2) The Minister may, in such manner and on such terms as he thinks fit,
guarantee a loan made to any person for the purpose of financing development projects or for such other purpose as the Minister considers necessary
in the public interest.
[S. 7 amended by Act 36 of 1985; Act 4 of 1987; Act 23 of 1992; Act 13 of 1996;
s. 14 of Act 18 of 2003 w.e.f. 21 July 2003.]
L16 – 3 [Issue 1]