Amendment status not verified — confirm the current text below against the official source.
Ex@nditure tmm runds - (1) The Corporation shall havs the authorily to spend such sums as it lhioks ,it for lhe purpose of this Act flom out of lhe lunds ot the Corporation refened to in soction 13. (2) Wilhout preiudice to the g€nerality ol the pott€rs con,ened by suF section (1), the Coryoration may conlributs such sums as it thinks lil torards exponditura incrxIod or to bo ilrcured by any local aulhorily or statutory / public undsrl*irB in lho p€rformance' in relation to any of ils industrial estales or industrial ateas' o{ any of the statutory funclions of such authotity or underlaking, including expenditure incurred for the acquisition of land. (3) No expenditure oth€r than capital expeoditure s,hall be incuned by the Corporation out'of moneys borrowed or received by way ot deposits.