Power of Metropolitan Authority to finance projects and schemes and impose condition therefor

The Metropolitan Authority shall be competent to give grants, advances or loans to, or to share expenses with any local authority or other authority in the Metropolitan Region or any of the purposes of section 12, and notwithstanding but subject to the restrictions (if any) contained in the Bombay Municipal Corporation Act, 1888 it shall be lawful or such other authority to accept such grants, advances or loans or share in the expenses, subject to such terms and conditions as the Metropolitan Authority may, from time to time, in consultation with such other authority, specify.