Revised Laws of Saint Lucia (2023)

• 1.   Short title

• 2.   Interpretation

• 3.   Act binds the Crown

• 4.   Powers of the Minister

• 5.   Validity of document signed by agent

• 6.   Contents of agency agreement

• 7.   Delegation of powers

• 8.   Reporting to Parliament

• 9.   Requirement for Minister to lay Strategy and Borrowing Plan before Parliament

• 10.   Supervision of the Unit

• 11.   Functions of the Unit

• 12.   Debt Management Objectives

• 13.   Medium-Term Debt Management Strategy

• 14.   Borrowing Plan

• 15.   Public Debt Sustainability Analysis

• 16.   Audit of the Unit

• 17.   Appointment of the Public Debt Management Advisory Committee

• 18.   Constitution of the Committee

• 19.   Functions of the Committee

• 20.   Meetings of the Committee

• 21.   Quorum

• 22.   Committee to regulate its procedures

• 23.   Government borrowing to meet fiscal requirements

• 24.   Terms and conditions for Government borrowing

• 25.   Issue of certificate

• 26.   Duplicate certificate

• 27.   Proceeds of funds borrowed by Government

• 28.   Effecting payment

• 29.   Repayment

• 30.   Tax on interest from income from Government securities and deduction at source

• 31.   Register of Government Securities

• 32.   Government borrowing by treasury bonds and treasury notes

• 33.   Conditions for issue of treasury bonds and treasury notes

• 34.   Interest on treasury bonds and treasury notes

• 35.   Effect of treasury bonds and treasury notes on the death of holder

• 36.   Government borrowing by treasury bills

• 37.   Conditions for the issue of treasury bills

• 38.   Amount and currency of treasury bills

• 39.   Interpretation of this Part

• 40.   Application for Government guarantee

• 41.   Evaluation of an application for Government guarantee

• 42.   Recommendation of the Unit

• 43.   Notice of approval of an application for Government guarantee

• 44.   Grant of Government guarantee

• 45.   Notice of refusal of an application for Government guarantee

• 46.   Execution of Government guarantee

• 47.   Payment of fees and other expenses relating to Government guarantee

• 48.   Default by borrower on Government guarantee

• 49.   Recovery of money paid by the Government on behalf of the borrower

• 50.   Register of Government Guarantees

• 51.   Reporting on debt

• 52.   Ceiling amount for Government on-lending

• 53.   Application for Government on-lending

• 54.   Evaluation of an application for Government on-lending

• 55.   Recommendation of the Unit

• 56.   Notice of approval of an application for Government on-lending

• 57.   Grant of Government on-lending

• 58.   Notice of refusal of an application for Government on-lending

• 59.   On-lending agreement

• 60.   Payment of interest

• 61.   Fees for Government on-lending

• 62.   Recovery of money paid by the Government on behalf of the borrower

• 63.   Unauthorized debt management activity

• 64.   Confidentiality of information

• 65.   Exemption from stamp duty

• 66.   Regulations

• 67.   Repeal

• 68.   Savings

• 69.   Transitional