18 Aug 2016 in National Assembly:
performance of its functions under this Act.
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18 Aug 2016 in National Assembly:
Receipts, earnings and 53. The receipts, earnings or accruals of each Authority and the accruals for the balances at the end of each financial year shall be retained for Authority.
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18 Aug 2016 in National Assembly:
the purposes for which the respective Authority is established. Investment of the 54. Subject to the written approval of the Cabinet Secretary and Authority’s Fund.
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18 Aug 2016 in National Assembly:
the National Treasury, an Authority may invest any part of its
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18 Aug 2016 in National Assembly:
funds in such a manner as it may consider appropriate. Borrowing by the Authority. 55. An Authority may borrow money required for the exercise of
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18 Aug 2016 in National Assembly:
its functions and for meeting its obligations after approval by the
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18 Aug 2016 in National Assembly:
Cabinet Secretary. Annual estimates. 56. (1) At least three months before the commencement of each
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18 Aug 2016 in National Assembly:
financial year, each Authority shall cause to be prepared
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18 Aug 2016 in National Assembly:
estimates of revenue and expenditure for that year.
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18 Aug 2016 in National Assembly:
(2) The annual estimates prepared under subsection (1) shall
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