Amendment status not verified — confirm the current text below against the official source.
Guarantee:- The principal and interest on the debentures or bonds issued under section 66 shall be guaranteed by the State Government on such terms and conditions as it may deem fit to impose. *** Sub section (4) added by Act No. 18 of 2007. * Section 66 – In sub section (1) proviso added by Act No. 32 of 1986. – In sub section (3) words ―charges the value‖ substituted by Act No 32 of 1986. In sub section (3) words ―borrowing ….. immovable property under this Act‖ substituted by Act No. 32 of 1986. 29