s 31 Directions to boards
(1) The State Authority may, after consultation with a board, give to the board directions of a general character and not inconsistent with this Act as to the exercise and performance of its duties and functions and the board shall give effect to all such directions. (2) The power conferred upon a State Authority by the preceding subsection to give directions to a board shall extend to the giving of directions— (a) as to the disposal of capital assets; or (b) as to the application of the proceeds of such disposal, notwithstanding that the directions may be of a specific character: Provided that no such direction shall, so long as any sum borrowed by the Board in accordance with this Act remains outstanding, be given except with the concurrence of the Minister of Finance. (3) Every board shall furnish the State Authority with such returns, accounts and other information with respect to its property and activities as he may from time to time require. Funds