Section 69, The Public Financial Management Act, 2016

(1) Any money paid by the State under a guarantee givenby the Minister under section 68 shall be charged upon the Consolidated Fund in accordance with paragraph (a) of subsection (3) of section 111 of the Constitution. (2) Any money paid by the State under a guarantee given by the Minister under section 68 constitutes a debt due to the State from the person for whom the guarantee was given. (3) A debt referred to in subsection (2) – (a) is recoverable in any court of competent jurisdiction; (b) may be paid over any period of time and on any terms and conditions that the Minister deems appropriate; and (c) may be written off or set off by the Minister in accordance with sections 53 and 54. (4) Subsection (2) or (3) does not limit or affect any other rights that the State may have as a guarantor.