Section 27

repaying any moneys borrowed under section 32;

settling the debts, obligations and liabilities transferred to and vested in the Board pursuant to section 4;

paying for the allowances and other expenses to the members of the Board and committees, and any person invited to the meetings of the Board and committees;

Public Sector Home Financing Board 31

paying for the remuneration, allowances and other expenses of the employees of the Board, including the granting of loans, scholarships and advances, retirement benefits, medical benefits and other allowances;

the investment under section 33;

paying expenses, costs or expenditure in relation to the procurement of goods and services, including the engagement of agents and advisors, legal fees and costs and other fees and costs, properly incurred or accepted by the Board in the performance of its functions and exercise of its powers;

purchasing or hiring equipment, machinery and any other materials, acquiring land and any property, and erecting buildings, and carrying out any other works and undertakings in the performance of the functions or the exercise of the powers of the Board.

paying expenses or moneys required to satisfy any judgment, decision or award by any court or tribunal against the Board, or any member of the Board or committee, or any employee or agent of the Board in respect of any act, neglect or default done or committed in the performance of the functions or the exercise of the powers of the Board.

defraying the expenses, expenditure or costs properly and necessarily incurred by the Board in granting the public sector home financing facilities; and

such other expenses and expenditure as may be permitted by this Act or any regulations made under this Act, or incurred in the performance of the functions or the exercise of the powers of the Board.

Annual estimates