5Loans for development of farm water

5 Loans for development of farm water

*[Section 5 Amended by No. 17 of 1990, s. 4 ]*A loan may be made to an eligible person for the purposes of –

(a) [Section 5 Amended by No. 56 of 2008, s. 135, Applied:11 Feb 2009] [Section 5 Amended by No. 34 of 2015, s. 4, Applied:01 Jan 2016] undertaking, in accordance with a permit under the Water Management Act 1999 , dam works that are to be used in connection with the storage of water for irrigation on a farm owned or occupied by that eligible person; or

(b) the drilling or construction of a well or bore in order to take water for use on a farm owned or occupied by that eligible person; or

(c) the provision of an irrigation system on a farm owned or occupied by that eligible person.