s.25Capital and borrowing powers of Authority— National Roads Authority Act (2024 Revision)

Section 25Part 4 — Financial Provisions

Capital and borrowing powers of Authority

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25. (1) The Authority shall have the power to borrow for or in connection with the performance of its responsibilities, functions and duties.

In accordance with a resolution of the Cayman Islands Parliament, the Cabinet may guarantee the payment of the principal and interest on any authorised borrowings of the Authority.

National Roads Authority Act

5 Parts

s.25Capital and borrowing powers of Authority— National Roads Authority Act (2024 Revision)

Section 25Part 4 — Financial Provisions

Capital and borrowing powers of Authority

←→ Navigate · Click subsection badges to collapse · Press ? for help

25. (1) The Authority shall have the power to borrow for or in connection with the performance of its responsibilities, functions and duties.

In accordance with a resolution of the Cayman Islands Parliament, the Cabinet may guarantee the payment of the principal and interest on any authorised borrowings of the Authority.