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bruneilawsby aturio
In force2022 Revised Edition
Contents

Part 5

19. Power to borrow and invest

(1)

For the discharge of its functions under this Act, the Darussalam

Enterprise may —

(a)

raise loans from the Government; or

(b)

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 —

(i)

mortgage, overdraft or otherwise;

(ii)

charge, whether legal or equitable, on any property vested in the Darussalam Enterprise or on any other revenue receivable by the Darussalam Enterprise under this Act; and

(iii)

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

(2)

Subject to the approval of the Minister who shall consult the

Minister of Finance and Economy, the Darussalam Enterprise may invest its funds in such manner as the Minister thinks fit.

Report

Read on from s 20

Part

General

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Schedules