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Power to borrow.
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17.—(1) The Board may, with the concurrence of the Minister and the Minister for Finance, borrow either in the State or outside the State money for capital purposes provided that the aggregate at any one time of the borrowings which have not been repaid shall not exceed £5,000,000.
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(3) For the purpose of this section, money raised or borrowed in a currency other than the currency of the State shall be deemed to be the equivalent in the currency of the State of the actual money raised or borrowed, such equivalent being calculated according to the rate of exchange at the time of the raising or borrowing of the money.
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