Duties

(1) The Board members shall administer, supervise and control the affairs and business of the Authority subject to an annual programme approved by the Minister as to the policy to be followed by the Authority in the exercise or performance of its functions. (2) No payment out of the funds of the Authority shall be made unless it has been authorised by writing authenticated by the joint signature of the Chairperson or one member authorised to act in that behalf and of the secretary, but the officers of the Authority who are specifically authorised by the Board may effect petty disbursements or immediate payments out of the funds they may be permitted by the Board to hold from time to time. (3) The Board shall furnish the Minister with such returns, accounts and information as he may require with respect to the property, transaction, and activities of the Authority and shall afford him or his duly accredited representative all facilities for verification thereof.