Section 271: Binding obligation on successive governments or bodies.

Any loan raised by any of the bodies to which this part of this Act applies shall, until the loan is fully repaid, be a binding and continuing obligation on the Federal, State or Local Government, boards or supervising Ministries of corporate entities to which this Act applies with regards to the repayment of all principal sums and interest payments due and outstanding under the loan including other terms and conditions arising therefrom.