Industrial Development Act, 1986

Temporary borrowing.

[1969, s. 20; 1977, s. 6]

19.—(1) The Authority may, with the consent of the Minister given with the concurrence of the Minister for Finance, borrow temporarily by arrangement with bankers or otherwise such sums as it may require for the purpose of providing for current expenditure.

(2) In this section “current expenditure” includes expenditure by the Authority in the exercise of any of its functions, whether of an administrative or of a capital nature.