Regulatory Alerts2011-06-08
Treasury Bills (Amendment) Act, 2010
The Parliament of Belize enacted the Treasury Bills (Amendment) Act, 2010, to modify the principal sums and maturity limits for government debt instruments. The legislation increases the maximum outstanding principal for Treasury Bills from one hundred million to two hundred million dollars and for Treasury Notes from seventy-five million to two hundred twenty-five million dollars. Additionally, the Act extends the maturity limit for Treasury Notes from five years to ten years.
No.8} Treasury Bills 269 No.8 of2010 I assent, (SIRCOLVILLEN. YOUNG) Governor-Generat 30th March, 2010. AN ACT to amend the Treasury Bills Act, Chapter 83 of
the Laws of Belize, Revised Edition 2000-2003, to
raise the principalsums represented by Treasury Bills
and Treasury Notes outstanding at anyone time; to
increase the maturity limit of Treasury Notes from
five years to ten years; and to provide for matters
connected therewith orincidental thereto.
(Gazetted 1st April, 2010.) BE IT ENACTED, by and with the advice and consent of
the House ofRepresentatives and the Senate ofBelize
and
- This Act may be cited as the by the authority ofthe same, as follows: Short title. TREASURY BILLS (AMENDMENT) ACT, 2010,
270 Treasury Bills fNo.8 ------------------- CAP. 83. Act No. 33/02 2106 Amendment of section 2. Amendment of section 3. Amendment of section 7. and shall be read and construed as one with the Treasury Bills Act which, as amended, ishereinafterreferred to asthe principal Act. 2. Section 2 ofthe principal Act is hereby amended in the definition of "Treasury Note" or "Note", by substituting the words "ten years" for the words "five years" occurring therein. 3. Section 3 of the principal Act is hereby amended in subsection (2) as follows: (a) in paragraph (i), by substituting the words "two hundred million dollars" for the words "one hundred million dollars" occurring therein; (b) in paragraph (ii), by substituting the words "two hundred and twenty five million dollars" forthe words "seventy fivemillion dollars" occurring therein. 4. Section 7 of the principal Act is hereby amended in subsection (2) by substituting the words "ten years" for the words "five years" occurring therein. Printed in Belize by the Government Printer
No.2J Treasury Bills 7 (SIRCOLVILLEN. YOUNG) Governor-General 29th March, 2006. AN ACT to amend the Treasury Bills Act, Chapter 83 of the Laws of Belize, Revised Edition 2000-2003, to raise the principalsum represented by Treasury Notes outstanding at anyone time; to reduce the minimum amount in which a Treasury Note may be issued; and to provide for matters connected therewith or incidental thereto. (Gazetted 1st April, 2006.) BE ITENACTED, by and with the advice and consent of the House ofRepresentatives and the Senate ofBelize and by the authority ofthe same, as follows:
- This Act may be cited as the TREASURY BILLS (AMENDMENT) ACT, 2006, Short litle.
8 Treasury Bills CAP. 83. 33/2002. Amendment of Section 3. Amendment of Section 7. andshallberead andconstrued as onewith the TreasuryBills Act which, asamended, ishereinafterreferred to astheprincipal Act. 2. Section3 of the principal Act is hereby amended in paragraph (ii) of subsection (2), by substituting the words "seventy-five million dollars" for the words "twenty-five million dollars" occurring therein. 3. Section 7 ofthe principal Act is hereby amended in subsection (2) by substituting the words "five hundred dollars" for the words "one thousand dollars" occurringtherein. Printed i" the Printer
#1 Power Lane, Belmopa"