Section 6
Fund Administrator
6. Fund Administrator:
(1) The Board shall appoint any private commercial bank as Fund Administrator.
(2) The Fund Administrator appointed pursuant to Sub-section (1) shall make recommendations, upon the fulfillment of the prescribed procedures for lending loan assistance to Investment Projects to be invested by the Board from the fund of the Board, flow loan as per the decision of the Board; recover the loan so flown and carry out the acts as per the agreement concluded between the Board and the Fund Administrator for management of the fund established for power development.
(1) The Board shall appoint any private commercial bank as Fund Administrator.
(2) The Fund Administrator appointed pursuant to Sub-section (1) shall make recommendations, upon the fulfillment of the prescribed procedures for lending loan assistance to Investment Projects to be invested by the Board from the fund of the Board, flow loan as per the decision of the Board; recover the loan so flown and carry out the acts as per the agreement concluded between the Board and the Fund Administrator for management of the fund established for power development.