NATIONAL AUTOMOTIVE COUNCIL ACT
Section 11: Power to borrow and invest.
(1) The Council may with the consent of or in accordance with any general authority given by the Minister. borrow by way of loan from the Federal Government or by way of temporary overdraft approved by the Minister, sums required by the Council for meeting its functions under this Act.
(2) The Council may invest all or any of its funds in such manner as may be approved by the Minister.
(3) Subject to section 4 of this Act, the Minister may issue to the Council directions as to the disposal of surplus funds.
Cite this section
Section 11, NATIONAL AUTOMOTIVE COUNCIL ACT (1993).
https://repo.podus.ai/laws/national-automotive-council-act/section/11/