Summary
A request by the President to extend the States’ guarantee period of the over-draft facility leased to State Electric Company by Bank of Maldives was sent to the Public Accounts Committee for review The President’s request entreats an extension of the guarantee period to March 31, 2015. The MVR 50 million worth over-draft facility was leased to the state on September 1, 2009. The request was sent to People’s Majlis as per section one of Article 28 (a) of the Standing Orders.
Current Progress
- 1 Committee Stage
- 2 Second Reading
- 3 Passed at Parliament
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