Section 15: Repeal and savings

15. Repeal and savings (1) — (2) Notwithstanding subsection (1)— (a) any loan, Treasury Bill or stock under the repealed Loans Act; and (b) any bond under the repealed Bonds Act, outstanding immediately before 1 July 2008 shall, at 1 July 2008, remain valid until redeemed. (3) Any loan raised by a public enterprise, whether or not the loans are wholly or partly guaranteed by Government or any issue of bonds or debentures by a public enterprise outstanding immediately before 1 July 2008 shall, at 1 July 2008, remain valid until redeemed. [Issue 7] P47A – 10 Revised Laws of Mauritius (4) Any fee charged or security furnished under the repealed Government Guarantees (Development Purposes) Act and outstanding or in force, as the case may be, immediately before 1 July 2008 shall, at 1 July 2008, be deemed to be outstanding or in force at 1 July 2008. 16. — SCHEDULE [Section 7 (1A)] Criteria