Section 17: Power to borrow

17. Power to borrow (1) The Authority may, with the approval of the Minister, raise such funds as it may require for the performance of its duties. (2) The Authority may raise funds under subsection (1)— (a) on the security of the revenue or other property of the Authority, by mortgage or otherwise; and (b) by way of debentures or bonds issued by the Authority under subsection (3). (3) The Authority may, for the purpose of subsection (2) (b), create, issue, transfer, redeem or deal with debentures or bonds in such manner as may be prescribed. (4) Regulations made under subsection (3) may include provision for— (a) the discharge of any loan so raised; and (b) the payment of interest on money secured by debentures or bonds. (5) The Government may, subject to such terms as it may decide, guarantee the performance of an obligation undertaken by the Authority pursuant to an agreement entered into for the purposes of subsection (1).