Petroleum Authority of Brunei Darussalam Act · s 24

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s 24Power to borrow and invest

(1)

For the discharge of its functions under this Act, the Authority may raise financing from the Government or, with the approval of the

Minister who shall consult the Minister of Finance and Economy, raise financing from banks or other financial institutions (whether in or outside

Brunei Darussalam) by -

(a)

mortgage. overdraft or otherwise;

(b)

charge, whether legal or equitable. on any property vested in

Authority or on any other revenue receivable by the Authority under this Act; and

(c)

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

Petroleum Authority of Brunei Durussnlum

CAP. 231 33

•

(2)

Subject to the approval of the Minister who shall consult the

Minister of Finance and Economy, the Authority may invest its funds in such manner as the Minister thinks fit: