Development Loans Fund Act 1967 (Cap. 234).
An Act to provide for the continuation, the constitution of the Development Loans Fund Control Board and the management of the Development Loans Fund and for purposes incidental thereto and connected therewith.
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LEX-FAOC096078
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9
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This Act provides for the continuation of the Development Loans Fund established under the African Loans Fund Act and provides with respect to its administration. The Fund may provide loans for purposes including: the development, purchase, maintenance and improvement of lands; the discharge of liabilities incurred in respect of the development, maintenance and improvement of lands; the purchase of supplies including fertilizer, machinery required for cultivation; and the purchase of livestock. The loan may be secured on the charge of movable property including property purchased with the loan but also, in certain circumstances, interest in land registrable under the Registration of Titles Act may be used as surety for a loan.
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