CONSOLIDATED ACTS OF SAMOA 2008

DEVELOPMENT LOAN AUTHORISATION ACT 2005

Arrangement of Provisions
 
1. Short title and commencement 
2. Authority to borrow by way of Treasury Bonds

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THE DEVELOPMENT LOAN AUTHORISATION ACT 2005

2005 No.15
 
AND ACT to authorize borrowings by way of Treasury Bonds for the purpose of expenditure in the 2005-2006 Financial Year for the further development of Samoa 
[28th June 2005] 
[Commencement date 28th June 2005]

BE IT ENACTED by the Legislative Assembly of Samoa in Parliament assembled as follows: 
 
1. Short title and commencement-(1) This Act may be cited as the Development Loan Authorisation Act 2005. 
 
(2) This Act shall commence on the date of assent by the Head of State. 
 
(3) Notice of commencement of this Act shall be published in Samoan and English in the Savali and one other newspaper circulating in Samoa. 
 
2. Authority to borrow by way of Treasury Bonds- For the purpose of expenditure in the 2005-2006 Financial Year for the further development of Samoa, the Minister of Finance is authorized on behalf of the Governmentand subject to the provisions of the Public Finance Management Act 2001 and in particular Schedule 3 of such Act, to borrow in Samoa by way of Treasure Bonds during the financial year commencing on the 1st day of July 2005 and ending the 30th day of June 2006 an amount exceeding SAT$26.5million as follows: 
 
Amount of Treasury Bonds	Date of Maturity from 
Date of Issue	
 	 	
1. SAT$10million 	5 years 	
2. SAT$10million 	10 years 	
3. SAT$6.5million 	15 years 	

REVISION NOTES 2008
 
This law has been generally edited as provided for by section 5 of the Revision and Publication of Laws Act 2008. The following general revisions have been made – 
 
There were no amendments made to this law since the publication of the Western Samoa Statutes Reprint 1978-1996. 

Revised and consolidated by Noumea Loretta Afamasaga. 
Under the supervision of Teleiai Lalotoa Sinaalamaimaleula Mulitalo (Parliamentary Counsel) 

REVISION NOTES 2008 No.2

The commencement date was inserted under the Attorney General’s powers under section 4 of the Revision and Publication of Laws Act 2008. There were no amendments made to this law since the publication of the Consolidated and Revised Statutes of Samoa 2007. 

Revised and consolidated by Noumea Loretta Afamasaga. 
Under the supervision of Teleiai Lalotoa Sinaalamaimaleula Mulitalo (Parliamentary Counsel)

The Development Loan Authorisation Act 2005
is administered in the Ministry of Finance.