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Section 11

Moneys for payment of bonds

of Loans and Loan Guarantees Ordinance, 1999

State OrdinanceIn forceProvision 11 of 25
Section 11

All moneys required for the payment of bonds upon their maturity or otherwise or for the redemption of securities issued under this Part, or any interests or charges payable or due thereunder, shall be paid out of moneys from the Consolidated Fund and there shall be issued out of the Consolidated Fund such moneys as may be required during any financial year, to meet such payment.