Section 29

The Authority may, from time to time, invest any of its funds, not immediately required to be expended in the meeting of the obligations or in the discharge of the functions of the

Authority in securities authorised for the investment of trust funds by any written law for the time being in force and may place the same on deposit in any bank or banks licensed under the provisions of the Banking and Financial Institutions Act 1989 [Act 372.] or, in any undertaking as may be approved by the Minister of Finance.

 “Banking and Financial Institutions Act 1989” substituted for “Banking Act 1973” by virtue of Act 372.

19

Borrowing powers.