Charges on the Fund of the Corporation

Charges on the Fund of the Corporation:-

1. (1) The Fund of the Corporation shall be held and applied by the Corporation, subject to and for the purposes of this Act, for payment of the following charges, namely:-
   • (a) the cost of administration of the Corporation constituted under this Act;
   • (b) the amounts required for meeting the expenses incurred in the discharge of its functions;
   • (c) the interest on any loans that may be raised by the Corporation;
   • (d) the cost of acquisition of land;
   • (e) the maintenance of the assets of the Corporation;
   • (f) such other expenses as may be authorized by the Government.