Cap 361.fm LOCAL LOAN [CAP. 361. 1
CHAPTER 361
LOCAL LOAN ACT To authorise a sum of twenty-eight million nine hundred thousand
Maltese liri to be raised in Malta by way of loan for the purpose of making good the deficit incurred by the Consolidated Fund to meet expenditure during the year 1992.
(2nd February, 1993)*
Enacted by ACT III of 1993.
Short title.1. This Act may be cited as the Local Loan Act. Power to raise loan.
2. (1) Subject to the provisions of this Act, the Government of Malta may raise in Malta by way of loan a sum of money not exceeding twenty-eight million nine hundred thousand Maltese liri.

Cap. 161.
(2) For the purpose of raising the loan as aforesaid, the Minister responsible for finance is hereby authorised to issue stock in Malta under the provisions of the Local Loans (Registered Stock and Securities) Ordinance; and the loan made under the provisions of this section shall be made on such terms and conditions as the said Minister may approve.
Purpose.3. Any money borrowed under the authority of this Act shall be appropriated and applied for the purpose of making good the deficit incurred by the Consolidated Fund to meet expenditure during the year 1992.
*See Government Notice No. 82 of 2nd February, 1993.