Cap.22zZI Puet-lc l)gs'r MaN,qGFrt\,{ENT No. 412015 Provided that the Minister shall not exercise the power conferred by this section in relation to a State loan where the capital is represented by securities that are registered in Zimbabwe unless the National Assembly has, by resolution. approved the exercise of such power in relation to that particular State loan. 15 Proceeds of State loans The proceeds of all State loans shall be brought to account in the Consolidated Revenue Fund or, if the Minister so directs, in the National Development Fund established as a fund in terms of section l8 of the Public Finance Manasement Act. 16 Security for State loans and guarantees and expenses in connection therewith All State loans and guarantees and expenses or charges incurred thereon or in connection therewith shall be secured and charged upon the assets and general revenues of Zimbabwe, and all such securities shall rank equally without priority. 17 Repayment of State loans and payment of expenses in connection therewith The Minister shall, as circumstances require, pay from the Consolidated Revenue Fund, which is hereby appropriated to the purpose, moneys required to repay any State loan and any expenses or charges incurred thereon or in connection therewith. 18 Signing of loan agreements (l) The Minister may, on such conditions as he or she may determine(a) authorise in advance and in writing, a public offlcer to sign a State loan agreement when the Minister borrows money in terms of section 23; (b) appoint registrars, agents and any other persons necessiuy for the raising, issuing, management and repayment of State loans or for the doing of any act which, in terms of this Act or any agreement relating to a State loan, may or shall be done by the Minister, registrar, agent or such other person; (c) authorise, the Reserve Bank in its capacity as the banker of the State, to act as agent of the State in the repayment of interest and principal and also in the issuance of Government securities in repayment of the public debt. (2) Within sixty days after Government has concluded a loan or guarantee agreement, the Minister must cause its terms to be published by notice in the Ga4ette. 19 Repayment, conversion and consolidation of loans The Minister may, on such terms and conditions as he or she may determine, and, when necessarv. with the concurrence of the lender{a) repay any State loan prior to the redemption date of that loan; or {b) convert the State loan into any ather loan; or {c) consolidate two or more State loans into an existing or new State loan; or (d) convert the State loan into equity or other securities held by the State . 20 Power to give guarantees (1) The Minister may, subject to this Part, in such manner and upon such conditions as he or she thinks fit on advice of the Comrnittee and the Office, suarantee 109