Bahamas Development Bank Act (Cap. 357).
Country
Type of law
Legislation
Date of original text
Date of latest amendment
Abstract
This Act makes provision for the establishment of The Bahamas Development Bank as a body corporate, defines its functions and powers and internal organization and establishes the Small Business Advisory Committee.
Principal functions of Bank are: (a) to promote industrial, agricultural and commercial development in The Bahamas through the financing of, or the investing in, approved enterprises; (b) to encourage the participation in approved enterprises by citizens of The Bahamas; and (c) generally to promote and enhance the economic development of The Bahamas. "Agriculture" includes fisheries, forestry, horticulture, and use of land for any purpose of husbandry.
Principal functions of Bank are: (a) to promote industrial, agricultural and commercial development in The Bahamas through the financing of, or the investing in, approved enterprises; (b) to encourage the participation in approved enterprises by citizens of The Bahamas; and (c) generally to promote and enhance the economic development of The Bahamas. "Agriculture" includes fisheries, forestry, horticulture, and use of land for any purpose of husbandry.
Attached files
Web site
Long title of text
An Act to provide for the establishment of a financial institution to be known as The Bahamas Development Bank, for the functions of the institution and for matters connected therewith or incidental thereto.
Notes
Consolidated version of Act No. 18 of 1974 as at 31 December 2009 and amended last by Act No. 46 of 1999.
Repealed
No
Source language
English
Legislation Amendment
No