Uganda Act or statute

Parliament of Uganda

International Finance Corporation Act

Jurisdiction: Uganda
Structure: 5 provisions
Citation: Chapter 190
Dates: As at 31 Dec 2000

More statute details

Dates: As at 31 Dec 2000

Source attribution: Source: Uganda Legal Information Institute

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Purpose and legislative effect

“"Minister" means the Minister for the time being responsible for finance.”

"Minister" means the Minister for the time being responsible for finance. Section to sign the agreement; and The Minister may, on behalf of the Government, raise loans by creating and issuing securities subject to terms the Minister considers fit, and those securities' principal and interest and issuance costs are charged on and paid out of the Consolidated Fund. Gives the corporation the right to import goods free of customs duty. This Act applies despite the provisions of specified East African Community Acts (East African Customs and Transfer Tax Management Act; East African Income Tax Management Act) or any East African Community Act that amends or replaces them.

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1. Interpretation

"Minister" means the Minister for the time being responsible for finance.

Section 1

2. Acceptance of agreement

Section to sign the agreement; and

Section 2

3. Financial provisions

The Minister may, on behalf of the Government, raise loans by creating and issuing securities subject to terms the Minister considers fit, and those securities' principal and interest and issuance costs are charged on and paid out of the Consolidated Fund.

Section 3

4. Certain provisions of agreement to have the force of law

Gives the corporation the right to import goods free of customs duty.

Section 4

5. Effect of certain East African Community Acts modified

This Act applies despite the provisions of specified East African Community Acts (East African Customs and Transfer Tax Management Act; East African Income Tax Management Act) or any East African Community Act that amends or replaces them.

Section 5

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Source record from ulii.org · As at 31 Dec 2000

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Showing 5 of 5 provisions

Provision 3InterpretationAmendment

§ 11. InterpretationInterpretation

"Minister" means the Minister for the time being responsible for finance.

Section 1. Interpretation Section In this Act, unless the context otherwise requires, "Minister" means the Minister for the time being responsible for finance.

Section 1Verify source

§ 22. Acceptance of agreementProvision

Section to sign the agreement; and

Section 2. Acceptance of agreement Section to sign the agreement; and

Section 2Verify source

§ 33. Financial provisionsProvision

Section 3. Financial provisions Section 3(1) There shall be charged on and paid out of the Consolidated Fund without further appropriation than this Act all sums required for the purpose of making payments on behalf of the Government— Section 3(1)(a) under section 3 of article II of the agreement (which provides for the subscription of shares of stock of the corporation); and Section 3(1)(b) under section 4 of article V of the agreement (which relates to the cessation of membership of the corporation). Section 3(2) For the purposes of providing any sums required for making any payments under subsection (1), the Minister may, on behalf of the Government, raise loans by creation and issue of securities bearing such rates of interest and subject to such conditions as to repayment, redemption or otherwise as he or she may think fit, and the principal and interest of those securities and the charges and expenses incurred in connection with their issue shall be charged on and paid out of the Consolidated Fund. Section 3(3) Any monies received by the Government from the corporation in pursuance of the agreement or raised under subsection (2) shall be paid into and form part of the Consolidated Fund and shall be available in the same manner as that fund is available.

Section 3Verify source

§ 44. Certain provisions of agreement to have the force of lawProvision

Gives the corporation the right to import goods free of customs duty.

Section 4. Certain provisions of agreement to have the force of law Section entitling the corporation to import goods free of customs duty without any restriction on their subsequent sale in the country to which they were imported;

Section 4Verify source

§ 55. Effect of certain East African Community Acts modifiedAmendment

Section 5. Effect of certain East African Community Acts modified Section This Act shall have effect notwithstanding the provisions of the East African Customs and Transfer Tax Management Act, the East African Income Tax Management Act, or any Act of the East African Community amending or replacing either of those Acts of the East African Community.

Section 5Verify source

Legislative relationships

2 referenced instruments

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A–F

2 instruments

Consolidated Fund without further appropriation than this Act
Section 3
East African Customs and Transfer Tax Management Act
Section 5

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31 Dec 2000 · currentEnglish

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