NATIONAL COMMISSION FOR MUSEUMS AND MONUMENTS ACT
Section 10: Borrowing power, etc.
(1) The Commission may, with the consent of the Minister or in accordance with any general authority given in that behalf by the Federal Government, borrow by way of loan or overdraft from any source any sums required by the Commission for meeting its obligations and discharging its functions under this Act.
(2)
The Commission may, subject to the provisions of the Act and the conditions of any trust created in respect of any property, invest all or any of its funds with like consent or general authority.
(3)
The Commission may invest any surplus funds of the Commission in such securities as may be approved by the Minister, so however that in respect of any securities specified in the Trustee Investment Act, no such consent shall be necessary.
[Cap, T22.]
Cite this section
Section 10, NATIONAL COMMISSION FOR MUSEUMS AND MONUMENTS ACT (1979).
https://repo.podus.ai/laws/national-commission-for-museums-and-monuments-act/section/10/