Government Securities (Debt Market and Investment) Act 1992 · 2020 Revised Edition · Part 2 · Establishment and Regulationof Government Securities Fund
6. Deficiencies in Government Securities Fund
Feedback & supportLast amended by an amending law of 2021.
Where the moneys in the Government Securities Fund are insufficient —
Government Securities Fund
“Government Securities Fund” means the Government Securities Fund established under Part 2;
to repay any principal sum or interest payable on any Government securities issued or advance deposits accepted under this Act;
Government securities
“Government securities” means stocks, bearer bonds, book‑entry Government securities or other securities which may be issued under this Act;
to repay any principal sum payable on any Treasury Bill —
issued on or after 1 April 1996 under the repealed 1923 Act; or
issued under this Act; or
to meet any other obligation charged upon the Government Securities Fund arising from this Act or any other written law,at the time when they become due, the deficiency is charged upon and payable out of the Consolidated Fund.