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Section 18: Loans by Board

Sugar Insurance Fund Act · PART IV: FINANCIAL PROVISIONS

consolidated text (as at 2018, amended since). juris shows the text as it was consolidated; it does not confirm that this is the law in force today.

18. Loans by Board The Board may, on the recommendation of the Committee and with the approval of the Minister— (a) borrow in such manner, on such terms and at such rate as it considers reasonable, any sum necessary to enable the Fund to meet its liabilities; and (b) give the assets of the Fund by way of security for such loans.

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