Section 37, The Government Budgeting and Accountability Act, 2005

(1) Pursuant to section 118 of the Constitution, Parliamentmay authorise the Minister to enter into an agreement for the granting of a loan from the Consolidated Fund. (2) An agreement entered into pursuant to subsection (1) shall be laid before Parliament and shall not come into operation until it has been approved by Parliament and the agreement shall contain a clause to that effect. (3) The Minister may request Parliament to approve particular classes of loan subject to such limitations as may be required by Parliament. (4) The Minister shall, when annual estimates are being submitted for approval by Parliament, include for approval a schedule of the loans to be payable or re- payments to be recovered during the year, and shall seek the prior approval of Parliament for any additional amounts that may be required under any general authority to lend given in accordance with subsection (3). (5) The amount issued as loans from the Consolidated Fund shall be shown in the public accounts as an asset of the Consolidated Fund until recovery has been effected. (6) All interest on any loans granted from the Consolidated Fund shall be paid into the Consolidated Fund as revenue and all recoveries shall also be paid into the Consolidated