20.
(1) The Authority shall have its own fund (hereinafter referred to as the "Fund "). |
|
(2) There shall be paid into the Fund
| | (a) all such sums of money that may be made available to the Authority out of the Consolidated Fund; | | |
| | (b) all such sums of money lying to the credit of the State Gem Corporation and transferred to the Authority with effect from the appointed date ; | | |
| | (c) all such sums of money that may be received by the Authority in the exercise, performance and discharge of its powers, duties and functions ; and | | |
| | (d) all such sums of money received by the Authority by way of donations. | | |
|
|
(3) There shall be paid out of the Fund all such sums as are required to defray the expenses incurred by the Authority in the exercise, performance and discharge of its powers, duties and functions under this Act or under any other written law and all such sums as are required to be paid out of the Fund by this Act. |
|
|