DATED: 27^th September, 1999

SUBJECT:

 Revised Computer Loan Facility for Public Servants effective 1^st October, 1999

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In Ministry of Finance Circular No. 6 of 1998 dated 25^th May, 1998 you were informed of the introduction of a Computer Loan Facility for Public Servants. With effect from 1^st June, 1998, the loan facility, "equivalent to 80%, up to a maximum of $15,000, of the purchase price of a computer", became available to certain categories of permanently appointed monthly-paid Public Servants. Comptroller of Accounts Circular No. 2 of 1999 dated 20^th January, 1999 identifies other categories of persons to whom the facility is available.

2. This Circular is a follow-up to Ministry of Finance Circular No. 6 referred to above and is intended to provide up-to-date information on the computer loan facility for Public Servants.

 

3. The up-dated information on this loan facility is as follows:

1. The loan is available to eligible officers in one instance only.
2. The loan facility is available for a period of three (3) years from October 1998 to September 2001 to enable all eligible officers to have access to the facility.
3. With effect from 1^st October, 1999 the loan facility will be reduced to a maximum of $10,000, being 80% of the cost of a computer and the peripheral equipment. Please note that peripheral equipment does not include furniture.
4. Where the computer loan facility is included in the terms of a contract, figures representing the maximum amount of the loan should not be quoted.