Zambia
Loans (Authorisation) Act, 1957
Chapter 355
- Commenced on 26 July 1957
- [This is the version of this document at 31 December 1996.]
1. Short title
This Act may be cited as the Loans (Authorisation) Act.2. Interpretation
In this Act, unless the context otherwise requires—"the Capital Fund" means the Fund established in accordance with a motion adopted by the Legislative Council of the former Protectorate of Northern Rhodesia on the 19th July, 1955;"the Capital Fund Estimates" means those estimates of expenditure from the Capital Fund which are approved specifically by the National Assembly from time to time by motion;"net amount" means the amount of a loan less any sum necessary to defray the cost of the issue of the loan.[No. 28 of 1963 as amended by G.N. No. 221 of 1964 and S.I. No. 159 of 1965]3. Power to raise loans
Authority is hereby given for the raising on behalf of the Republic of a loan or loans by the following methods:4. Application of loans
5. Amounts of loans
6. Trust funds
Stock or securities issued under the provisions of this Act shall be deemed for all purposes within the Republic to be an authorised investment for trust funds.[As amended by S.I. No. 159 of 1965]7. Other loans
From the commencement of this Act, no further loans shall be raised under the provisions of the Specific Loan Act or the Specific Loan (Local Loan) Act, Chapters 227 and 255 of the 1958 Edition of the Laws respectively.History of this document
31 December 1996 this version
Consolidation
26 July 1957
Commenced
Subsidiary legislation
Title | Numbered title |
---|---|
Loans and Guarantees (Authorisation) (Delegation of Functions) Order, 2005 | Statutory Instrument 1 of 2005 |
Loans and Guarantees (Authorisation) (Delegation of Functions) Order, 2005 | Statutory Instrument 28 of 2005 |