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Grants to the Governors

6.—(1) The Department may, on such terms and conditions as it thinks fit, pay to the Governors for the purposes of their functions under this Order such sums as the Department thinks fit.

(2) The Governors may borrow or invest money on such terms and conditions and for such purposes as the Department may approve.

(3) The Governors shall be a public body for the purposes of Schedule 1 to the Financial Provisions (Northern Ireland) Order 1983(1).