S.L. 552.12 Art. 5Credit agreement.

(1) The applicant may request the Executive Chairperson in writing to effect the payment of any fees, fines, contributions or other financial payments due to the Authority by means of a credit agreement and the Executive Chairperson may enter into such a credit agreement with the applicant which shall specify the staggering of such payments.

(2) A non-acceptance by the Executive Chairperson of a request by the applicant for a credit agreement may not be appealed against, and the applicant shall be required to pay in full any such fee, fine, contribution or other financial payment, by no later than such date as may be specified in the notice by the Authority. SCHEDULE 1