26
CurrentOther borrowing
26 Other borrowing
(1)
In addition to its powers under section 25, the Corporation may, with the prior written approval of the Treasurer and on the terms and conditions that the Treasurer approves, borrow moneys for the purpose of performing its functions.
(2)
Any moneys borrowed by the Corporation under subsection (1) may be raised —
(a)
as one loan or as several loans; and
(b)
in the manner that the Treasurer approves.
(3)
The total amount borrowed by the Corporation under subsection (1) in any one financial year is not to exceed the amount that the Treasurer approves.
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