Funds of Corporation
42 Funds of Corporation
The funds of the Corporation consist of – the moneys provided by the Commonwealth to the State pursuant to the Intergovernmental Agreement; and any moneys – provided by the State; and received by the Corporation in the course of performing its functions and exercising its powers; and received by the Corporation from any other source.
The funds of the Corporation are to be applied – in payment of the remuneration of the directors, the chief executive officer and the employees; and in payment or discharge of the expenses, charges and obligations incurred or undertaken by the Corporation in the performance and exercise of its functions and powers.
This Act’s bill:Explanatory notesSecond reading speech
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