48QFunds of Authority

48Q Funds of Authority

[Section 48Q Inserted by No. 59 of 2005, s. 10, Applied:01 Jul 2009]

(1)  The funds of the Authority consist of –

(a) any money provided by Parliament for the purposes of the Authority; and

(b) any interest earned in respect of the security deposits held by the Authority; and

(c) any security deposit, or part of a security deposit, forfeited to the Authority under section 30A .

(2)  The funds of the Authority are to be applied in the payment or discharge of the expenses, charges and obligations incurred or undertaken by the Authority in the performance of its functions and exercise of its powers.