Section 2, **The Development Loans (Amendment) Act, 1983** [Margin: Short title.]

The Development Loans Act 1965 (Act No. 1 of 1965) is hereby amended by the substitution for section 2 thereof (as inserted by the Development Loans (Amendment) Act, 1978 (Act No. 3 of 1978)) of the following new section— [Margin: "Authority to raise loans for financing development projects.] "(2) The Minister of Finance acting for and on behalf of the Government may in accordance with the provisions of the Government Loans Act, 1965 (Act No. 2 of 1965) of the General Loan and Stock Act (Cap 268) raise such loans as may be required for the financing of development projects on such terms and conditions as to repayment, the payment of interest or otherwise as the President may deem expedient, not exceeding in the aggregate (in addition to such sums as may be necessary to defray any expenses incurred in connection with the raising of such loans)— (*a*) in the case of loans raised in Sierra Leone, one thousand million leones, and (*b*) in the case of loans raised outside Sierra Leone, three thousand million leones" [Margin: Indemnity for past infringements of loan limits.]