Uganda Act or statute

Parliament of Uganda

Treasury Bills Act

The Minister may borrow in Uganda by issuing Government treasury bills up to twenty-two billion shillings, or further sums if authorised by Parliament. Proceeds from the issue of treasury bills sh…

Jurisdiction: Uganda
Structure: 8 provisions
Citation: Chapter 194
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

“The Minister may borrow in Uganda by issuing Government treasury bills up to twenty-two billion shillings, or further sums if authorised by Parliament.”

The Minister may borrow in Uganda by issuing Government treasury bills up to twenty-two billion shillings, or further sums if authorised by Parliament. Proceeds from the issue of treasury bills shall be paid into the Consolidated Fund. The principal monies represented by treasury bills issued under this Act are charged on and must be paid out of the Consolidated Fund. Every treasury bill must be for ten thousand shillings or a multiple and must be payable at par at times the Minister fixes, not later than one year from issue. Specifies the form in which treasury bills shall be issued.

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1. Issue of treasury bills

The Minister may borrow in Uganda by issuing Government treasury bills up to twenty-two billion shillings, or further sums if authorised by Parliament.

Section 1

3. Principal monies charged upon Consolidated Fund

The principal monies represented by treasury bills issued under this Act are charged on and must be paid out of the Consolidated Fund.

Section 3

5. Rules

Specifies the form in which treasury bills shall be issued.

Section 5

6. Bank of Uganda

The Minister may appoint the Bank of Uganda as agent for the Government for any of the purposes of this Act.

Section 6

8. Repayment of treasury bills

The Bank of Uganda must repay the principal monies of treasury bills issued under the Act, and upon repayment must cancel the treasury bills.

Section 8

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

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Showing 8 of 8 provisions

Provision 7Commencement

§ 11. Issue of treasury billsProvision

The Minister may borrow in Uganda by issuing Government treasury bills up to twenty-two billion shillings, or further sums if authorised by Parliament.

Section 1. Issue of treasury bills Section Notwithstanding section 22 of the Public Finance Act, the Minister may borrow, by the issue in Uganda of Government treasury bills at any one time or by such installments as he or she may think necessary a sum not exceeding in total twenty-two billion shillings or such further sums as may from time to time be authorised by resolution of Parliament.

Section 1Verify source

§ 22. Proceeds from issue of treasury billsProvision

Proceeds from the issue of treasury bills shall be paid into the Consolidated Fund.

Section 2. Proceeds from issue of treasury bills Section The proceeds from the issue of treasury bills shall be paid into the Consolidated Fund.

Section 2Verify source

§ 33. Principal monies charged upon Consolidated FundProvision

The principal monies represented by treasury bills issued under this Act are charged on and must be paid out of the Consolidated Fund.

Section 3. Principal monies charged upon Consolidated Fund Section The principal monies represented by the treasury bills issued under this Act are charged upon and shall be payable out of the Consolidated Fund.

Section 3Verify source

§ 44. Value of bills when payableProvision

Every treasury bill must be for ten thousand shillings or a multiple and must be payable at par at times the Minister fixes, not later than one year from issue.

Section 4. Value of bills when payable Section Notwithstanding section 22(3) of the Public Finance Act, every treasury bill issued under this Act shall be for a sum of ten thousand shillings or a multiple of ten thousand shillings and shall be payable at par at such time or times as the Minister shall, before the issue of the treasury bills, fix and determine, but not later than one year from the date of issue.

Section 4Verify source

§ 55. RulesProvision

Specifies the form in which treasury bills shall be issued.

Section 5. Rules Section the form in which treasury bills shall be issued;

Section 5Verify source

§ 66. Bank of UgandaProvision

The Minister may appoint the Bank of Uganda as agent for the Government for any of the purposes of this Act.

Section 6. Bank of Uganda Section The Minister may appoint the Bank of Uganda as agent for the Government for any of the purposes of this Act.

Section 6Verify source

§ 77. ValidationCommencement

Treasury bills issued before the Act commenced that exceeded the previous legal limit are treated as having been validly issued under this Act.

Section 7. Validation Section Any treasury bills issued prior to the commencement of this Act, which were in excess of the legal limit then existing under section 2 of the Treasury Bills Act, Cap. 153 , 1964 Revision, shall be deemed to have been validly issued under this Act.

Section 7Verify source

§ 88. Repayment of treasury billsProvision

The Bank of Uganda must repay the principal monies of treasury bills issued under the Act, and upon repayment must cancel the treasury bills.

Section 8. Repayment of treasury bills Section The principal monies represented by the treasury bills issued under this Act shall be repaid by the Bank of Uganda, and upon that repayment the treasury bills shall be cancelled by the Bank of Uganda.

Section 8Verify source

Legislative relationships

3 referenced instruments

Names are derived from the stored provision headings and citation-enrichment layer. Treat this as a research index and verify each relationship against the source text.

N–S

1 instrument

Public Finance Act
Sections 1, 4

T–Z

2 instruments

Uganda must repay the principal monies of treasury bills issued under the Act
Section 8
Uganda The Minister may appoint the Bank of Uganda as agent for the Government for any of the purposes of this Act
Section 6

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31 Dec 2000 · currentEnglish

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