This Act establishes an Emergency Relief Fund and grants powers to the Minister to guarantee loans extended by approved lenders. The Minister shall, as respects the functions assigned to him or her under this Act, be a corporation sole, with power to acquire, hold, lease, and dispose of property, to enter into contracts, to sue and be sued and to do all things necessary for the purposes of this Act. The Act sets out conditions for the grant of a guaranteed loan. Such loans shall be granted for the repair or replacement of, among other things, businesses damaged by any disaster including, fishing boats, farm buildings, farm equipment, citrus or fruit trees, vegetable crop, livestock, processing plants and other commercial enterprises.
جزر البهاما · 1999-11-08