Section 15
Details of guarantees to be laid before Dewan Undangan Negeri
of Loans and Loan Guarantees Ordinance, 1999
The Minister shall cause to be laid, as soon as practicable, before the Dewan Undangan Negeri, an instrument containing the following particulars of any guarantee issued under this Part:
(a)
the date of the guarantee;
(b)
the person in whose favour the guarantee is issued;
(c)
the name of the body corporate whose liability is guaranteed;
(d)
the sums, including interest and other charges, covered by the guarantee;
(e)
the terms and conditions pertaining to any borrowings, loans or loan facilities covered by the guarantee;
(f)
the nature of any collateral or related security provided by the body corporate under section 17(2), in addition to the guarantee issued under this Part, for the borrowings, loans and loan facilities; and
(g)
any other relevant information or particulars relating to the guarantee.
Appropriation of sums raised