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Loan Authorisation Act 2007

CONSOLIDATED ACTS OF SAMOA 2008

LOAN AUTHORISATION ACT 2007

Arrangement of Provisions

1. Short title and commencement
2. Authority to borrow

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THE LOAN AUTHORISATION ACT 2007

2007 No. 22

AN ACT to authorise the borrowing of a sum not exceeding
one hundred and sixty million (Y160, 000,000.00) Chinese Yuan.

[28th June 2007]
[Commencement date: 28th June 2007]

BE IT ENACTED by the Legislative Assembly of Samoa in Parliament assembled as follows:

1. Short title and commencement-(1) This Act may be cited as the Loan Authorisation Act 2007.

(2) This Act shall come into force on the date of assent of the Head of State.

2. Authority to borrow – For the purposes of section 75 of the Public Finance Management Act 2001, the term loan between the Independent State of Samoa and the People’s Republic of China for the amount of one hundred and sixty million (Y160, 000,000.00) Chinese Yuan for the purpose of financing the design and building of the new Parliamentary Office Complex and Ministry of Justice & Courts Administrations Building at Mulinuu is hereby authorised.

REVISION NOTES 2008

This law has been reviewed in accordance with the powers provided for in section 5 of the Revision and Publication of Laws Act 2008.

No amendments have been made to this law since its enactment.

Revised and consolidated by the Legislative Drafting Division under the supervision of Teleiai Lalotoa Sinaalamaimaleula Mulitalo (Parliamentary Counsel)

REVISION NOTES 2008 No. 2

The commencement date is inserted.

Revised and consolidated by the Legislative Drafting Division under the supervision of Teleiai Lalotoa Sinaalamaimaleula Mulitalo (Parliamentary Counsel)

The Loan Authorisation Act 2007 is
administered in the Ministry of Finance.