NATIONAL AGRICULTURAL LAND DEVELOPMENT AUTHORITY ACT
Section 18: Power to borrow and invest.
(1) The Board may, with the consent of the President, borrow, on such terms and conditions as the Board may determine, such sums of money as the Board may require in the exercise of the functions conferred on it under this Act.
(2) The Board may, subject to the provisions of this Act and the conditions of any trust created in respect of any property, invest all or any of its funds in accordance with the general guidelines approved by the Federal Government.
(3) Subject to section 20 of this Act, the Board may invest such surplus funds in any security as it may determine from time to time.
Cite this section
Section 18, NATIONAL AGRICULTURAL LAND DEVELOPMENT AUTHORITY ACT (1992).
https://repo.podus.ai/laws/national-agricultural-land-development-authority-act/section/18/