Document ID: chunk:federal_register_of_legislation:C2024C00824:section:64
Version: federal_register_of_legislation:C2024C00824
Segment Type: section
Provision Reference: s 64
Character Range: 80530–81117

64  Transactions in the national interest: EFIC share of liability
 (1) Before it enters into a contract or gives a guarantee in accordance with an approval or direction under Part 5, EFIC may give the Minister written notice that EFIC will meet the whole, or a specified proportion, of the liability of EFIC under the contract or guarantee, as the case may be.
 (2) Before it makes a loan in accordance with an approval or direction under Part 5, EFIC may give the Minister written notice that EFIC will bear the whole, or a specified proportion, of the risk associated with the loan.