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Cooperative and Rural Development Bank Act (Repeal and Transitional Provisions) Act (No. 5 of 1996).

Country/Territory
United Republic of Tanzania
Document type
Legislation
Date
1996
Source
FAO, FAOLEX
Original source
Government Gazette, Acts Supplement, No. 2, 28 June 1996, pp. 77-79.
Long title
An Act to repeal the Cooperative and Rural Development Bank Act and to provide for the transitional period.
Subject
Agricultural & rural development
Keyword
Institution Agricultural development Special fund
Geographical area
Africa, Eastern Africa, Least Developed Countries
Abstract

The Minister shall, not later than 1 July 1996, cause to be incorporated subject to this Act, a company to be known as the Cooperative and Rural Development Bank (1996) Limited. The company shall be a body corporate and take over all assets, liabilities and business of the Cooperative and Rural Development Bank (sect. 3). The objectives of the Bank shall be: (a) to make available long and medium term finance for the purpose of promoting rural development; (b) to provide technical assistance and advice for the purpose of promoting rural development; (c) to undertake such activities as may be necessary or advantageous for purposes of furthering the foregoing objectives (sect. 4).

Full text
English