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bruneilawsby aturio
In force2024 Revised Edition
Contents

15. Power to borrow and invest

(1)

For the discharge of its functions under this Act, the Centre may, from time to time, raise loans from the Government or, with the approval of the Minister of Finance and Economy, raise loans from banks or other financial institutions (whether in Brunei Darussalam or elsewhere) by —

(a)

mortgage, overdraft or otherwise;

(b)

charge, whether legal or equitable, on any property vested in the Centre or on any other revenue receivable by the Centre under this

Act; and

(c)

the creation and issue of debentures, bonds or other instruments.

(2)

Subject to the approval of the Minister of Finance and Economy, the Centre may invest its funds in such manner as the Minister of Finance and Economy thinks fit.

Report

Read on from s 16