Amendment status not verified — confirm the current text below against the official source.
(1) The Corporation shall have the authority to spend such sums as it thinks fit Power to for the purpose authorised under this Act from out of the general fund of the Corporation spend. referred to in section 20 or from the reserve and other funds referred to in section 24, as the case may be. (2) Without prejudice to the generality of the power conferred by sub-section (1), for the purposes of section 15 or 16, the Corporation may, within its discretion, give grants, advances or loans to, or share expenses with, any local authority or public undertaking, within or without the area of its operation, towards expenses incurred or to be incurred by such authority or undertaking in the performance, in relation to any of its horticultural or agricultural farms or estates, of any of the statutory functions of such authority or undertaking, including expenditure incurred in the acquisition of land ; and notwithstanding anything contained in any law for the time being in force, it shall be lawful for such authority to accept such grants, advances or loans or share in the expenses, subject to such terms and conditions as the Corporation may, from time to time, in consultation with such authority or undertaking, specify.