(1) The Authority shall make provisions for a reserve fund and may provide for other specially denominated funds as lt deems fit
(2) The management of the funds referred to In sub-section (1). the sums to be transferred from time to time to the cred1t thereof and the application of money comprised therein, shall be determined by the Authority.
Z4. AU property. funds and other assets vesting in the Authority shall be held and appUed by it for the purposes and subject to the provisions of this Act.
4710 "-of A.Ulborlty t.o IUilrJCC~ nlldlel1* Ind hnpGM oanditio• m-or Stale Clv.r&nttc 10 loullaUn!W" &ifttl by A*1nty ,.__ and Audit Opcr'Mianl "6 AUlhority IDbo .. rnod outoukm THI:. AS<:;AM GAZETIE. EXTRAORDINARY, OCTOBER 30, 201 7
25. The Authority may, with tile previous approval of the State Government, borrow any moneys for carrying out the purpose of this Act or for servicing any loan obtained by it at such rates and on such conditions as the State Government may determine at the time the moneys are botTOwed.
26. The Authority shall be Competent to give grants, advances or loans to, or to share expenses with, any local authority or other authority ln the State Capital Region, for any of the purposes of section 12, and notw1thstanding anything contained in any law for the time being In force, but subject to the restrictions, If any, contained therein, It shall be lawful for such other authority to accept such grants, advances or loans or share In the expenses, subject to such terms and conditions as the Authority may, from time to ttme, In consultation wtth such other authority, specify.
27. The State Government may guarantee repayment of the principal of, and Interest on, a1zy loan raised or Biven by the Authority or transferred to ft:. for the purposes of this Act, subject to such conditions as the State Government may think fit to impose.