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(1) A Regional Development Corporation may obtain loans and other credit facilities on the guarantee of the Government from the National Investment Bank, the Agricultural Credit Bank, and such other Banks as the Commissioner responsible for Finance may approve.

(2) Apart from the powers of a Regional Development Corporation under subsection (1) of this section, a Regional Development Corporation may, with the prior approval of the Commissioner responsible for Finance borrow money from any other source.

(3) For the purpose of any technical arrangements in connection with the raising of any loan under subsection (2) of this section a Regional Development Corporation shall, if the National Investment Bank agrees, use the services of that Bank.

(4) A Regional Development Corporation may borrow temporarily by way of overdraft or otherwise, such sums as it may require for meeting its current obligations or discharging its functions.

(5) The Commissioner responsible for Finance may from time to time prescribe the maximum sums which such Corporation may borrow under subsection (1) or (2) of this section.