5. Replacement of seetion 8 of the principal enactment

Section 9 of the principal enactment is hereby repealed and the following section is substituted therefor :—

“ Purpose

9. The

}

commissioners may, with the for which loans approval of the Minister, grant loans to any ma granted.

local authority or to any body to which a local authority has transferred any of its functions, for the purpose of any work of public utility, which such local authority or body may be authorised by law to under-take including technical assistance. ”.

Locai Loans and Development (Amendment)

3

Act, No. 24 of 1993