Cap. 583 Art. 35Authority’s control of its finances.

(1) The Authority may:

(a) hold accounts with any bank;

(b) obtain loans, overdrafts or any other form of credit as may be necessary;

(c) invest any of its liquid assets in short and medium term first class securities as approved by the Board;

(d) acquire, purchase, lease or dispose of any movable or immovable property required for the conduct of its business or for any purposes ancillary or incidental to the performance of its functions under this Act.

(2) For the purposes of carrying out its functions under this Act, the Authority may borrow or raise such sums as it may require:

Provided that for any amount in excess of five hundred thousand euro (€500,000) there shall be required the approval of the Minister in writing.