Debt Management Office (Establishment, Etc.) Act

DEBT MANAGEMENT OFFICE (ESTABLISHMENT, ETC.) ACT

ARRANGEMENT OF SECTIONS

PART I

Preliminary

SECTION

1.            Short title.

2.            Commencement.

3.            Interpretation.

PART II

Establishment of the Debt Management Office, etc.

4.            Establishment of the Debt Management Office.

5.            Establishment and composition of the Supervisory Board.

PART III

Functions of the Office, etc.

6.            Functions of the Office.

7.            Powers of the Office.

8.            Functions of the Board.

PART IV

Staff

9.            Appointment of the Director-General.

10.          Appointment of other staff of the Office.

11.          Staff regulations.

12.          Services in the Office to be pensionable.

13.          Establishment of the Management Team.

PART V

Financial Provisions

14.          Establishment of a fund for the Office.

15.          Expenditure of the Office.

16.          Gifts to the Office.

17.          Annual estimates and expenditures.

18.          Annual report.

PART VI

External Borrowing, etc.

19.          External borrowing.

20.          Execution of external loan agreements.

21.          Approval of National Assembly.

PART VII

Federal Government Guarantee, etc.

22.          Government guarantee, etc.

23.          Internal borrowing.

24.          Lending to the Federal Government, etc.

25.          Approval for grants or loans to a foreign State, etc.

26.          Loan receipts to form part of the Consolidated Revenue Fund of the Federation.

27.          Terms and conditions for loans and guarantees.

PART VIII

Miscellaneous

28.       Limitations of suit against the Office, etc.

29.       Service of documents

30.       Restriction on execution against property of the Office.

31.          Transitional provision, etc.

32.      Validation of appointments.

33.       Regulations.

34.        Consequential repeals.

SCHEDULE

Supplementary Provisions Relating to the Board, etc.

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DEBT MANAGEMENT OFFICE (ESTABLISHMENT, ETC.) ACT

An Act to provide for the establishment of the Debt Management Office; and for related matters.

[2003 No. 18.]

[1st August, 2000]