Under Section 24(2), the Authority has the power to spend such sums as it thinks fit to cover its administrative expenses and objects/purposes authorised by the Act, and such sums shall be treated as:

Section 24(2) characterises the Authority's spending on administrative expenses and authorised objects/purposes simply as 'expenditure out of the fund of the Authority' - a straightforward accounting characterisation, not a loan requiring repayment with interest, not capital expenditure necessarily requiring the Parliamentary appropriation route under Section 23 (which applies specifically to CENTRAL GOVERNMENT-provided capital/grants, not the Authority's own routine spending from its self-generated fund), and not merely a tax-deduction categorisation or a personal advance against the sanctioning officer. This distinguishes the Authority's autonomous day-to-day spending power under Section 24 from the Government-appropriation-dependent capital infusion mechanism under Section 23.