(1) The due payment of moneys payable by the Treasurer under a guarantee given under section 17 is guaranteed by the State.

(2) Any such payment is to be made by the Treasurer and charged to the Consolidated Fund, and this subsection appropriates that Fund accordingly.

(3) The Treasurer is to cause to be credited to the Consolidated Fund any amount received or recovered in respect of any payment made by the Treasurer under a guarantee given under section 17.