Section 10: Power to borrow.

(1) The Council may, with the consent of the Minister in accordance with the general authority given by the Federal Government, borrow by way of loan or overdraft from any source any money required by the Council to meet its obligations and its functions under this Act.
(2) No consent or authority shall be required under subsection (1) of this section if the sum or the aggregate of the sums involved at any time does not exceed such amount as is for the time being specified in relation to the Council by the Federal Government.