(1) Subject to subsection (2), the Board may borrow monies required by it for the purpose of carrying out its functions under this Act.
(2) Borrowing may be effected only with the prior approval of the Minister and the Minister responsible for finance, including in relation to the amount, the sources of borrowing and any other terms and conditions of such borrowing.
(3) The Board may not pledge its assets as security for any loan without the prior written approval of the Minister responsible for finance.