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Cap. 575 · Government Borrowing (Cap. 575)

Cap. 575 Art. 47Fee.

In forceOfficial text

(1) Where a loan is guaranteed under this Act, the borrower shall, unless the Minister otherwise determines, pay to the Government a fee reflecting the credit risk at such rate and in such manner as may be prescribed in regulations made under this Act.

(2) Such guarantee fee charged as referred to in sub-article

(1) shall be paid into the Consolidated Fund.

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