Section 7: Powers of the Agency.

(1)
The Agency shall have powers to -
(a)
receive and disburse funds for the carrying out of approved projects ;
(b)
acquire, hold and manage movable and immovable property;
(c)
enter into such contracts as may be contained in the approved programmes;
(d)
purchase or acquire any asset or business considered necessary for the proper conduct of its functions under this Act ; and
(e)
sell, let, lease or dispose of any of the property of the Agency with the approval of the Council.
(2)
The powers conferred on the Agency may be exercised by it or through any of its employees or agents as may be specifically authorized by a written mandate or policy direction.