Lake Basin Development Authority Act

11. Funds of the Authority

Edition: 1991-12-27 · In force

11. Funds of the Authority

(1)The funds of the Authority shall consist of—

(a)such moneys as may from time to time be provided by Parliament;

(b)moneys borrowed by the Authority on such terms and for such purposes as the Minister, in consultation with the Minister for the time being responsible for finance, may approve; and

(c)any moneys accruing to the Authority from any other source.

(2)The funds of the Authority shall be invested in such manner as the Authority may deem necessary.

[Act No. 16 of 1990, s. 8.]

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Source: Kenya Law