Section 15
Power to borrow
of Brunei National Energy Research Institute Act
ActIn forceProvision 15 of 22
Section 15
For the discharge of its functions or duties under this Act or any other written law, the Institute may, from time to time, raise loans from the
Government or, with the approval of the Minister, raise loans from banks and other financial institutions (whether in Brunei Darussalam or elsewhere)
by —
(a)
mortgage, overdraft or otherwise;
Brunei National Energy Research Institute
B.L.R.O. 5/2023 13
(b)
charge, whether legal or equitable, on any property vested in the Institute or on any revenue receivable by the Institute under this
Act or any other written law; or
(c)
the creation and issue or debentures or bonds or other instruments.