CAP. 71 DEVELOPMENT FINANCE CORPORATION (LOANS) ACT BELIZE
DEVELOPMENT FINANCE CORPORATION (LOANS) ACT
CHAPTER 71
REVISED EDITION 2000
SHOWING THE LAW AS AT 31ST DECEMBER, 2000
This is a revised edition of the law, prepared by the Law Revision Commissioner
under the authority of the Law Revision Act, Chapter 3 of the Laws of Belize,
Revised Edition1980 - 1990.
This edition contains a consolidation of the following laws- Page
ARRANGEMENT OF SECTIONS 3
DEVELOPMENT FINANCE
CORPORATION (LOANS) ACT 3
Amendments in force as at 31st December, 2000.
BELIZE
DEVELOPMENT FINANCE CORPORATION (LOANS) ACT
CHAPTER 71
REVISED EDITION 2000
SHOWING THE LAW AS AT 31ST DECEMBER, 2000
This is a revised edition of the law, prepared by the Law Revision Commissioner
under the authority of the Law Revision Act, Chapter 3 of the Laws of Belize,
Revised Edition1980 - 1990.
This edition contains a consolidation of the following laws- Page
ARRANGEMENT OF SECTIONS 3
DEVELOPMENT FINANCE
CORPORATION (LOANS) ACT 3
Amendments in force as at 31st December, 2000.
,
No. 1 Power Lane,
Belmopan, by the authority of
the Government of Belize.
Development Finance Corporation (Loans) [CAP. 71
[ ]
3
CHAPTER 71
DEVELOPMENT FINANCE CORPORATION (LOANS)
ARRANGEMENT OF SECTIONS
1. Short title.
2. Minister may raise loan.
3. Purpose of loan.
4. Method of raising loan.
5. Contributions to sinking fund.
6. Interest paid on debentures not computed in chargeable income.
CHAPTER 71
DEVELOPMENT FINANCE CORPORATION (LOANS)
[11th November, 1972]
1. This Act may be cited as the Development Finance Corporation (Loans)
Act.
2. The Minister may raise by loan an amount sufficient to produce as nearly
as may be the sum of two hundred and sixty thousand dollars and such
further sums as may be necessary to defray the expenses of issue.
CAP. 57,
R.E. 1980-1990.
12 of 1972.
Short title.
Minister may
raise loan.
4
3.-(1) Any sum raised to defray the expenses of issue shall be applied only
to that purpose.
(2) Except as aforesaid, the money borrowed under this Act shall
be appropriated and applied for the purpose of purchasing shares by the
Government in the Development Finance Corporation.
4. The loan hereby authorised, or any part thereof, may be raised in this
country under the provisions of the Local Public Loans Act.
5. The contribution to a sinking fund as contemplated by the provisions of
section 12 of the Local Public Loans Act shall commence, in respect of the
loan authorised by this Act, in the half year ending on 1st November, 1975.
6. The interest paid on the debentures issued in respect of the loan
authorised by this Act shall not be taken into account in ascertaining the
chargeable income of debenture-holders under the Income and Business
Tax Act.
Purpose of loan.
Method of
raising loan.
CAP. 80.
Contributions to
sinking fund.
CAP. 80.
Interest paid on
debentures not
computed in
chargeable income.
CAP. 55.