The Parliamentary Corporation cannot borrow money. You need to know that this rule applies to the corporation. It is stated in the law, which you can compare to the 2000 No 17 s 31 for more information.
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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=LMS803981.
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146: Parliamentary Corporation requires approval of Minister of Finance to undertake certain financial activities, or
"The Parliamentary Corporation must get the Minister of Finance's okay to do big financial things."
148: Membership of Parliamentary Corporation, or
"Who can be part of the Parliamentary Corporation"
The Parliamentary Corporation has no power to borrow money.
