Regulatory Alerts2020-03-25
Treasury Bills (Amendment) Act, 2020
The Government of Belize enacted the Treasury Bills (Amendment) Act, 2020 to modify the maturity limits for Treasury Notes. This legislation amends Section 2 of the principal Treasury Bills Act by replacing the previous ten-year maximum maturity with a new twenty-year limit. The amendment was gazetted on March 25, 2020, to extend the duration of government debt instruments.
BELIZE: TREASURY BILLS (AMENDMENT) ACT, 2020 ARRANGEMENT OF SECTIONS
- Short title.
- Amendment of Section 2 Treasury Bills
No. 10] Treasury Bills 165 AN ACT to amend the Treasury Bills Act, Chapter 83 of the Substantive Laws of Belize, Revised Edition 2011, to increase the maturity of Treasury Notes from ten years to twenty years, and to provide for matters connected therewith or incidental thereto. (Gazetted 25th March, 2020.) BE IT ENACTED, by and with the advice and consent of the House of Representatives and the Senate of Belize and by the authority of the same, as follows–
- This Act may be cited as the TREASURY BILLS (AMENDMENT) ACT, 2020 Short title. No. 10 of 2020 I assent, (SIR COLVILLE N. YOUNG) Governor-General 25th March, 2020.
and shall be read and construed as one with the Treasury Bills Act, which, as amended, is hereinafter referred to as the principal Act. 2. Section 2 of the principal Act is hereby amended in the definition of “Treasury Note” or “Note”, by substituting the words “twenty years” for the words “ten years” occurring therein. 166 Treasury Bills [No. 10 CAP. 83. Act 33/2002. Act 2/2006. Act 8/2010. Act 2/2016. Amendment of section 2. Printed in Belize by the Government Printer