The revenue of the Authority, in a financial year, must be applied in payment of —
(a) the interest and other charges on, and the repayment of, a loan payable by the Authority;
(b) the sums required to be paid towards the repayment of a loan made to the Authority;
€ fees payable under this Act;
(d) the salaries, remuneration, allowances, pensions, gratuities, and other superannuation benefits of the officers and staff, employed in or in connection with the activities carried on by the Authority;
€ the working and establishment expenses of, and the expenditure on, or provision for the maintenance of the property and installations of the Authority, and the discharge of the functions of the Authority;
(f) such sums as the Authority may consider appropriate to set aside in respect of obsolescence and depreciation or renewal of the property or installations of the Authority;
(g) the cost, or a portion of the cost, of any new works, plant, or appliances not being a renewal of property of the Authority, which the Authority may determine to charge to revenue;
(h) sums to be credited to the Consolidated Fund;
(i) other expenditure authorized by the Authority and properly chargeable to revenue.
(Inserted by Act 12 of 2020