In force2021 Revised Edition

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Pantai Jerudong Specialist Centre Act · 2021 Revised Edition · Part · Financial Provisions

20. Power to borrow and invest

(1)

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

Centre may raise loans from the Government or, with the approval of the

Minister who shall consult the Minister of Finance and Economy, raise loans

Pantai Jerudong Specialist Centre

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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 Specialist Centre or on any other revenue receivable by the

Specialist Centre under this Act; and

(c)

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 Specialist Centre may invest its funds in such manner as the Minister thinks fit.

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