ACT No. 11 or 1992 AN ACT /0 IIl1lhoriM 11 !Jum of thirty-six million MIlII~R /if' /0 bt l1Iued it! MU/Ill by ,,'oy of loon for 'he purpose of milking good the dtfidl ;ncu,-
Statutory Text (3 Articles)
I assent.
CENSU T AIJOr.;E
(I" S.)
PrC's i<knt
121h May . 1992
ACT No. 11 or 1992
AN ACT /0 IIl1lhoriM 11 !Jum of thirty-six million MIlII~R /if' /0 bt l1Iued it!
MU/Ill by ,,'oy of loon for 'he purpose of milking good the dtfidl ;ncu,-
rfd by the COr!JoliJl1ud Fund /0 mUI expenditu,e du ring tht Yiur
199/ .
BE IT ENACTED by tile President. by and with the advice and
consent of Ihe House of Representatives. in Ihis pre$enl Parliament as-
sembled, and by [he authority of the same. as follows:-
Th is Act may be cited as Ihe Local loon Act. 1992.
L
Dan I·An jista' jissejjuh I·A n ta' 1·I99Z dwol Self Lokali.
(\) Subj«:1 to the provisions of this Act. the Government of
M alta may r aise in M aha by way of loan a sum of money nOl exceeding
thirty-six million Mal tese lilL
(2) For the purpose of raising the loan as aforesaid. the
Milline r respon sible for finaocc is he~by authorised 10 issue slOc k in
Malta under the provisions of the Local Loans (Re~istered Stock and
Securities) Ordinance: and the loan made under the provisions of
th.s section shall be made 00 such terms and oond,t.ons as the said
Minister lIUIy approve.
J. Any money borrowed under the authori ty of th is Act shall be
appropriated and applied for the purpose ofmakinggood the deficit in-
curred by the Consolidated Fund to meet expenditure during the year
1991. Passed by t he H OUK of Represen tatives at Silling No . I1 of the 11th May . 1992.
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