35Loans by Minister

### 35 Loans by Minister > > (1)  *\[Section 35 Subsection (1) amended by No. 76 of 1995, s. 28 and Sched. 1 \]*Where, on an application for a loan under [section 9](#GS9@EN) [(2)](#GS9@Gs2@EN) [(b)](#GS9@Gs2@Hpb@EN) , TDR is of opinion that the grant of the loan would not be in accordance with the powers conferred by that section but that the grant of a loan would assist in the development, expansion, or retention of a business undertaking, TDR may recommend to the Minister that he grant a loan of money under this section. > > > (2)  *\[Section 35 Subsection (2) amended by No. 76 of 1995, s. 28 and Sched. 1 \]*On making a recommendation under [subsection (1)](#GS35@Gs1@EN) TDR shall refer the application for the loan to the Minister and shall provide the Minister with such additional information as it thinks fit. > > > (3)  *\[Section 35 Subsection (3) amended by No. 76 of 1995, s. 28 and Sched. 1 \]*Where TDR makes a recommendation under [subsection (1)](#GS35@Gs1@EN) that a loan of money be granted to a person, the Minister may, with the approval of the Treasurer and for the purposes of this Act, make a loan of money to that person, with or without security and on such terms and conditions as the Minister thinks fit. > > > (4)  *\[Section 35 Subsection (4) amended by No. 76 of 1995, s. 28 and Sched. 1 \]*For the purposes of this section – > > > > > > (a) TDR shall provide the Minister with such information as he may request; and > > > > > > > (b) the Minister may direct TDR to carry out such investigations, and to make recommendations to him on such questions, as he may determine. > > > (5)  *\[Section 35 Subsection (5) amended by No. 76 of 1995, s. 28 and Sched. 1 \]*TDR shall comply with a direction given to it by the Minister under [subsection (4)](#GS35@Gs4@EN) [(b)](#GS35@Gs4@Hpb@EN) .