20Funds of Authority

20 Funds of Authority

(1)  The funds of the Authority consist of –

(a) any money received by it in the course of performing its functions or exercising its powers; and

(b) any money provided by Parliament for the purpose of this Act; and

(c) any other money received by it from any other source.

(2)  The funds of the Authority are to be applied –

(a) in the payment or discharge of the expenses, charges and obligations incurred or undertaken by the Authority in the performance of its functions and the exercise of its powers; and

(b) in payment of the remuneration of directors and employees.