Loans 155 (2) where any advance is made from the Contingencies Fund, a supplementary estimate shall be presented, and a Supplementary Appropriation Bill shall be introduced for the purpose of replacing the amount so advanced with ninety days of the advance being made. (1) the National Assembly may by resolution supported by the votes of a majority of all the members, authorise the Government to enter into an agreement for the granting for a loan out of any public fund or public account. (2) An agreement to which subsection (1) refers shall be laid before the National Assembly and shall not come into effect until it is approved by the National Assembly. No loan shall be raised by the Government on behalf of itself or any other person or authority otherwise than by or under the authority of an Act of the National Assembly. (3) (4) An Act of the National Assembly authorising the raising of a loan shall provide (a) (b) (5) An Act of the National Assembly may provide for the application of this section, with any necessary modifications, to (a) (b) (6) (1) any guarantee by the Government; or an international business or economic transaction to which the Government proposes to become a party. The President shall, at such times as the National Assembly may require, present to the National Assembly such information as he or she may have relating to (a) (b) Salaries etc. 156 Charged on Consolidated Fund that the terms and conditions of a loan shall be laid before the National Assembly and that the loan agreement shall not come into operation until they have been approved by the National Assembly; and that any money received in respect of a loan shall be paid into the Consolidated Fund or some Other public fund of The Gambia. the granting of loans, their servicing and repayment; the payment into the Consolidated Fund or other public fund of money derived from loans raised on institutions outside The Gambia The salaries and allowance, and the retirement benefits, of the holder of the offices to which this section applies shall be a charge on the Consolidated Fund.

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