14. Powers of the Authority

The Authority shall have such powers, as are necessary or incidental to the discharge of its functions under this Act, and in particular —

to acquire in any manner and hold, take or give on lease or hire, mortgage, pledge, sell or otherwise dispose of, any movable or immovable property;

to appoint, employ, remunerate officers, servants and agents for the purposes of this Act and to exercise disciplinary control over such officers, servants and agents;

to enter into, and perform, directly or through any servant or agent authorized in that behalf, all such contracts as may be necessary for the discharge of the functions of the Authority;

to open, maintain and close accounts in any state owned bank or any other financial institution with the prior approval of the Ministry of Finance;

to borrow such sums of money as may be necessary for the purpose of discharging the functions of the

to accept and receive grants, donations and bequests, both movable and immovable from sources in or outside Sri Lanka and utilize them for the discharge of the functions of the Authority:

to make rules for the administration of the affairs of the Authority;

to levy fees or charges on registration of service providers of Construction Industry and renewal of such registration or charges as may be prescribed for any service rendered by the Authority; and

to do all other acts and things which, from time to time, in the opinion of the Authority are necessary or incidental to the proper discharge of the functions of the Authority.