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S.L. 146.1 · Financial Assistance Arrangements (S.L. 146.1)

S.L. 146.1 Art. 8Assistance may be given subject to conditions, agreements and obligations.

In KraftAmtlicher Text

Financial assistance under the Act may be given subject to such conditions, agreements and obligations imposed upon or undertaken by the recipient as the Commission may advise. Such conditions and obligations shall include an undertaking on the part of the recipient -

(a) to repay any loan together with the interest thereon in accordance with the terms of the agreement;

(b) not to sell nor dispose of in any other manner, the property in or the possession of anything acquired or improved with the aid of a loan or grant without the previous consent in writing of the Minister responsible for agriculture before the loan is completely repaid or, in the case of a grant, during such period as the agreement may prescribe;

(c) to maintain anything purchased or improved with the aid of the financial assistance afforded, in proper order and condition to the satisfaction of the Minister responsible for agriculture, and allow any person authorised by the Minister responsible for agriculture to inspect such thing at all reasonable times;

(d) in the event of the recipient failing to comply with all the terms of the agreement with the Government entered into by him in respect of the financial assistance afforded, the total amount of such assistance shall become repayable to the Government immediately.

Änderungsgeschichte
  • Amended by L.N. 142 of 1993