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Economic Co-Operation Promotion Loan Fund Amendment Bill (B 3-1998)

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To amend the Economic Co-operation Promotion Loan Fund Act, 1968, so as to provide that any amounts owing in terms of loans granted to the governments of the former Republics of Transkei, Bophuthatswana, Venda and Ciskei under that Act shall not be repayable; to provide that moneys in the Economic Co-operation Promotion Loan Fund may be used to complete any project which is the subject of an agreement entered into with any of the said governments; to provide that any payment for such completion shall be made to the provincial government which has taken over the project in question; and to authorise the Minister of Foreign Affairs to pay moneys in the said fund not required for immediate use into the National Revenue Fund; and to provide for matters connected therewith.

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