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(1) Subject to article 181 of the Constitution, the Minister has the sole authority to enter into finance lease agreements on behalf of Government.

(2) The Public Debt Management Office shall, before the execution of a finance lease agreement, assess the cost to Government of entering into that agreement.

(3) The assessment of cost under subsection (2) shall include a comparison with other available financing options.

(4) The Public Debt Management Office shall submit to the Minister, in writing,

(a) the result of the assessment; and

(b) the available financing options.