Section 16, The Public Debt Management Act, 2011.

(1) On the commencement of this Act, borrowing by localcouncils and public enterprises shall be in accordance with this Act and every provision in any enactment, including the articles and memorandum of association of companies, in existence immediately before such commencement relating to borrowing by local councils and public enterprises shall be read and construed with such modification as will enable effect to be given to the provisions of this Part. (2) Where there is a conflict between a provision in this Act and that of any other enactment, the provision in this Act prevails.