20Funds of Authority

20 Funds of Authority

(1)  The funds of the Authority consist of –

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

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

(c) all 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 its directors; and

(c) in any other manner authorized or required under this or any other Act.