BAST FIBRES DEVELOPMENT BOARD ACT - 1970 (ACT 326)

    Section - 8 - Assets and Funds of Board.

    (1) The assets and funds of the Board shall consist of-

    (a) all lands, buildings, equipment, stores, furniture, tools and machinery purchased by the Board or granted to the Board by the Government or by any person for the proper discharge of its functions;

    (b) all sums granted to the Board from time to time by the Government with the prior approval of the Minister responsible for Finance;

    (c) all sums granted to the Board by foreign governments or foreign institutions;

    (d) income derived from the sale of bast fibres, and

    (e) any other money or property which may in any manner become payable to or vested in the Board in respect of any matter incidental to its functions.

    (2) The Board may borrow from any banking institution, corporation, local authority or other person such amounts as it may require for the discharge of its functions.