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Section 30: Borrowing Rules for Children’s Authority in Uganda

30.Borrowing powers

(1)The Authority may, with the prior approval of the Minister responsible for finance, borrow sums of money as may be required by it for meeting any of its obligations or discharging any of its functions under this Act.

(2)A loan or credit facility obtained by the Authority under this section shall be approved by Parliament, and when so approved, the principal sum and interest of that loan shall be a charge on the Consolidated Fund.

Plain English Summary

The Children's Authority in Uganda can borrow money to carry out its duties, but only after getting approval from the Minister of Finance. Any loan or...

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