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Section 18 – The International Airports Authority Act,1971

The International Airports Authority Act 1971

18. Additional capital and grants to the Authority by the Central Government

The Central Government may, after due appropriation made by Parliament by law in this behalf,

(a) provided any capital, over and above the capital provided under clause (c) of subsection

(1) of section 12, that may be required by the Authority for the discharge of its functions under this Act or for any purpose connected therewith on such terms and conditions as that Government may determine;

(b) pay to the Authority, on such terms and conditions as the Central Government may determine, by way of loans or grants such sums of money as the Government may consider necessary for the efficient discharge by the Authority of its functions under this Act.

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The International Airports Authority Act,1971

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