Section 29: Transfer of property and borrowing
consolidated text (as at 2017). juris shows the text as it was consolidated; it does not confirm that this is the law in force today.
29. Transfer of property and borrowing
(1) The Université des Mascareignes shall not, except with the approval
of the Minister—
(a) sell or exchange any property or make any donation; or
(b) borrow any money, and any borrowing shall be for the purposes
of this Act.
(2) The Government may, subject to such terms and conditions as it may
determine, guarantee the performance of any obligation undertaken by the
Université des Mascareignes pursuant to any agreement entered into for the
purpose of subsection (1) (b).