(1) Subject to subsection (2), the Authority may borrow money required by it for meeting its obligations or performing its functions.
(2) The power conferred on the Authority by subsection (1) is exercisable on approval by the Minister of Finance and there must be a stipulation as to—
(a) the amount and source of the loan; and
(b) the terms on which the loan may be effected;
and the approval may be general or limited to a particular borrowing.