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s 31

Funds of Authority

In force

31 Funds of Authority

(1)

The funds available for the purpose of enabling the Authority to perform its functions consist of —

(a)

moneys from time to time appropriated by Parliament; and

(b)

moneys received by the Authority in the performance of its functions; and

(c)

moneys received by the Authority by way of gift, including a gift by will; and

(d)

moneys borrowed by the Authority under section 33 or 34; and

(e)

moneys transferred to the Authority under section 42(3); and

(f)

modified penalties paid under section 51; and

(g)

other moneys lawfully received by, made available to or payable to the Authority.

(2)

Where any gift, including a gift by will, has been made to the Authority upon lawful conditions that are accepted by the Authority, it is to apply the gift in accordance with those conditions.

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