Section 10
Statutory authority to repay to Government sums paid under guarantee
of Loans (International Fund for Agricultural Development) Act 1992
If any money is paid out of the Consolidated Fund in respect of any liability incurred by the Government under a guarantee or other undertaking given in exercise of the powers conferred by subsection 7(1), the statutory authority shall repay such sum (together with interest thereon at the same rate as that payable on the loan under the agreement by the statutory authority with the Fund) to the
Consolidated Fund in such manner and at such time or by such instalments as the Minister may direct.
(2)
If any money is so paid out of the Consolidated Fund the
Minister shall, as soon as possible after the end of each financial year beginning with that in which the money was paid and ending with that in which all liability in respect thereof and any interest payable thereon is finally discharged by the statutory authority concerned, lay before the Dewan Rakyat a statement relating thereto.
Arbitration