House of Representatives

Motions

Increase of Loan Ceiling under the Development Loans Act

- 1st Session - 11th Republican Parliament

WHEREAS it is provided by section 3(1) of Development Loans Act that the Government is authorized, for the purpose of:

  1. financing general development in Trinidad and Tobago;
  2. repayment of borrowings effected for such general development; or
  3. repayment of borrowings effected for general development;
  • by a statutory authority within the meaning of the Statutory Authorities Act;
  • by an enterprise that is controlled by or on behalf of the State; or
  • by the University of the West Indies,
  • to borrow from time to time money externally or internally in a sum or sums not exceeding in the aggregate thirty thousand million dollars in the currency of Trinidad and Tobago:

    AND WHEREAS it is also provided in the said section 3(1), that thereafter such sum in such currency may from time to time be specified by Resolution passed by the Senate and the House of Representatives:

    AND WHEREAS it is necessary for the Government to borrow further sums of money for the purposes stated in the said section:

    BE IT RESOLVED that for the purposes stated in the said section, the Government is hereby authorized to borrow money externally or internally in a further sum or in further sums not exceeding in the aggregate fifteen thousand million dollars in the currency of Trinidad and Tobago.

    (By the Minister of Finance)

    4 Dec 2015
    Approved
    10 speakersShow Speakers
    1.The Honourable Colm Imbert [Diego Martin North/East] [Minister of Finance]
    2. Dr. Bhoendradatt Tewarie [Caroni Central] [Opposition Member]
    3.Ms. Marlene McDonald [Port-of-Spain South] [Minister of Housing and Urban Development]
    4. Dr. Surujrattan Rambachan [Tabaquite] [Opposition Member]
    5.The Honourable Anthony Garcia [Arima] [Minister of Education]
    6.Mr. Prakash Ramadhar [St. Augustine] [Opposition Member]
    7.The Honourable Maj. Gen. Edmund Dillon [Point Fortin] [Minister of National Security]
    8.Mr. Rodney Charles [Naparima] [Opposition Member]
    9.The Honourable Terrence Deyalsingh [St. Joseph] [Minister of Health]
    10.Mr. Barry Padarath [Princes Town] [Opposition Member]
    8 Dec 2015
    Approved
    Senate Debate Day 1Hansard
    18 speakersShow Speakers
    1.The Honourable Colm Imbert [Diego Martin North/East] [Minister of Finance]
    2.Senator Wade Mark [Opposition Senator]
    3.Senator Stephen Creese [Independent Senator]
    4.Senator Dr. Lester Henry [Government Senator]
    5.Ms. Khadijah Ameen [Opposition Senator]
    6.Senator H.R. Ian Roach [Independent Senator]
    7.Senator the Honourable Franklin Khan [Minister of Rural Development and Local Government]
    8.Senator Wayne Munro [Opposition Senator (Temporary)]
    9.Senator Paul Richards [Independent Senator]
    10.Senator Taurel Shrikissoon [Independent Senator]
    11.Senator Wayne Sturge [Opposition Senator]
    12.Senator the Honourable Clarence Rambharat [Minister of Agriculture, Land and Fisheries]
    13.Senator Melissa Ramkissoon [Independent Senator]
    14.Senator Jennifer Raffoul [Independent Senator]
    15.Senator Gerald Hadeed [Opposition Senator]
    16.Senator David Small [Independent Senator]
    17.Senator Rodger Samuel [Opposition Senator]
    18.Senator Dr. Dhanayshar Mahabir [Independent Senator]