Development Planning Act (Cap. 552)
Development Planning Act (Cap. 552), article 21
21. (1) The Minister responsible for finance may, for any
requirements of the Authority of a capital nature, contract or raise
loans, or incur liabilities, for such periods and on such terms and
conditions as he may deem appropriate, and any sums due in
respect of or in connection with any such loan or liability shall be a
charge on the Consolidated Fund.
(2) Notice of any loans, liabilities or advances made or
incurred under the foregoing provisions of this article shall b e
given to the House of Representatives as soon as practicable.
(3) Pending the raising of any such loan as is mentioned in sub-
article (1), or for the purpose of providing the Authority with
working capital, the Minister responsible for finance may, by
warrant under his hand, and without further appropriation other
than this Act, authorise the Accountant General to make advances
to the Authority out of the Treasury Clearance Fund under such
terms as may be specified by the Minister upon the making thereof.
(4) The proceeds of any loan raised for the purposes of making
advances to the Authority, and any other moneys to be advanced to
the Authority under this article, shall be paid into a fund spe cially
established for the purpose and which shall be known as the
"Authority Loan Fund".
(5) Sums received by the Accountant General from the
Authority by way of repayment of advances made to the Authority
under sub-article (3) shall be paid into the Treasury Clearance Fund
and sums received by the Accountant General by way of interest on
such advances shall be paid into the Consolidated Fund.
DEVELOPMENT PLANNING [CAP. 552. 15
Estimates of the
Authority.
Text read from the consolidated PDF published by Legislation Malta. Tables, figures and marginal notes may be incomplete or out of place: the official PDF is authoritative. General information, not legal, tax or accounting advice.