Section 57
Power to borrow
of Housewives' Social Security Act 2022
ActIn forceProvision 57 of 97
Section 57
(1)
The Organization may, with the consent of the Minister and
Minister of Finance, borrow any money required by the Organization for meeting any of its obligations or performing any of its functions at such rate of interest and for such period and upon such terms and conditions as to the time and method of repayment and otherwise as the Minister may approve, except for the purposes of payment of benefit under this Act.
(2)
No moneys from any fund administered by the Organization under any other written law may be utilized for the purpose of borrowing under subsection (1).