Chapter 208 – Italian Government Loan Act

What is this act about?

This law allows the Government of Malta to borrow money or accept credit from the Government of Italy for development purposes.

Who it applies to: The Government of Malta; The Government of the Republic of Italy.

At a glance

Country: Malta
Area of law: Other legislation
Articles: 4
Source: legislation.mt
Text retrieved: 2026-06-17
Explanation updated: 2026-07-07

What does this act regulate?

The ability of the Government of Malta to borrow funds from the Government of Italy.
The maximum amount that can be borrowed.
The terms and conditions of such loans or credit facilities.
The application of the borrowed money for development purposes.

Who does this act apply to?

The Government of Malta.
The Government of the Republic of Italy.

What are the key points?

The Government of Malta can borrow up to 4,658,746.80 euro, or a higher sum if approved by the House of Representatives.
Loans or credit facilities must be agreed upon by the Governments of Malta and Italy.
Repayment of the principal, interest, and charges will be a charge on the Consolidated Fund.
Borrowed money must be used for development purposes or related activities.

Other legislation

Chapter 518 – Protection of Minors (Registration) Act

Chapter 36 – Prevention of Disease Ordinance

Chapter 263 – Prevention of Corruption (Players) Act

Chapter 458 – Medicines Act

Chapter 79 – Commissioners for Oaths Ordinance

Chapter 169 – Commissioner of Land Ordinance

Chapter 575 – Government Borrowing and Management of Public Debt Act

Chapter 246 – Immovable Property (Acquisition by Non-residents) Act

Other legislation

Legal text

Contents (4)

Art. 1
Art. 2
Art. 3
Art. 4

ITALIAN GOVERNMENT LOAN

CHAPTER 208

ITALIAN GOVERNMENT LOAN ACT To provide for the raising of loans or the acceptance of credit facilities from, or authorized by, the Government of the Republic of Italy for purposes of development or purposes connected therewith, and for matters incidental thereto. (1st July, 1968)* ACT XVIII of 1968, as amended by Act XIII of 1983 and Legal Notice 411 of 2007.

Art. 1

Act.

The short title of this Act is the Italian Government Loan

Art. 2

2.(1) Subject to the provisions of this Act, the Government of Malta may borrow such sum or sums as may be required, not exceeding in the aggregate four million, six hundred and fifty-eight thousand and seven hundred and forty-six euro and eighty cents (4,658,746.80) or such higher sum as the House of Representatives may, by resolution, approve, by means of a loan or loans or through credit facilities made, granted or authorized by the Government of the Republic of Italy.

Short title.

Power to borrow from the Italian Government.

Amended by:

XIII. 1983.5;

L.N. 411 of 2007.

(2)Any loan or credit facility under the provisions of subarticle (1) shall be in such manner, on such terms and subject to such conditions as may be agreed between the Government of Malta and the Government of the Republic of Italy or as may be agreed in accordance with arrangements provided for by agreement between the Governments aforesaid.

Art. 3

The repayment of the principal money of any sum borrowed under the provisions of this Act, and the payment of any interest payable thereon and of all charges payable in connection therewith, shall be a charge on the Consolidated Fund.

Repayment to be charged on Consolidated Fund.

Art. 4

Any money borrowed under the provisions of this Act shall be applied to such purposes of development or purposes connected therewith as the Government of Malta, subject to any agreement in respect thereof between the Government of Malta and the Government of the Republic of Italy, may deem proper.

Application of money borrowed. *See Government Notice No. 470 of the 1st of July, 1968.

AI explanation based on the official legal text. Indicative, not a substitute for legal advice.