Expenditure from funds

(1) The Corporation shall have the authority to spend such sums as it thinks fit for the purpose of this Act from out of the funds of the Corporation referred to in section 13. (2) Without prejudice to the generality of the powers conferred by sub- section (1), the Corporation may contribute such sums as it thinks fit towards expenditure incurred or to be incurred by any local authority or statutory / public undertaking in the performance, In relation to any of its industrial estates or industrial areas, of any of the statutory functions of such authority or undertaking, including expenditure incurred for the acquisition of land. (3) No expenditure other than capital expenditure shall be incurred by the Corporation out'of moneys borrowed or received by way of deposits.

1. (2) Without prejudice to the generality of the powers conferred by sub- section (1), the Corporation may contribute such sums as it thinks fit towards expenditure incurred or to be incurred by any local authority or statutory / public undertaking in the performance, In relation to any of its industrial estates or industrial areas, of any of the statutory functions of such authority or undertaking, including expenditure incurred for the acquisition of land.
2. (3) No expenditure other than capital expenditure shall be incurred by the Corporation out'of moneys borrowed or received by way of deposits.