THE REPUBLIC OF FIJI

DECREE NO.14
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ASIAN DEVELOPMENT BANK LOAN DECREE 1990
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A DECREE TO AUTHORISE THE GOVERNMENT TO RAISE FROM THE ASIAN DEVELOPMENT BANK A LOAN OF UP 9.6 MILLION UNITED STATES DOLLARS FOR THE PURPOSE OF LOW COST HOUSING

In exercise of the powers vested in me as President and Commander-in-Chief of the Republic of Fiji and acting in accordance with the advice of the Prime Minister and the Cabinet, I hereby make the following Decree -

Short title

1. This Decree may be cited as the Asian Development Bank Loan Decree 1990

Authority to raise loan

2. The Minister responsible for finance is hereby authorised to raise from the Asian Development Bank a loan of up to an amount equivalent to 9.6 million United States dollars for the purpose of low cost housing administered by the Housing Authority established under Section 3 of the Housing Act.

Loan to be evidenced in instrument

3. The loan shall be evidenced by an instrument under the hand of the Minister or such other person as the Minister may by writing under his hand so empower.

Made this 2nd day of May 1990

PENAIA K GANILAU
President and Commander-in-Chief