Section 44, the Local Government Act, 2004, exercising authority

(1) All funds of the Company not immediately requiredto be applied in defraying any of the charges under section 42 may be invested to the best advantage of the Company. (2) Without prejudice to the generality of subsection (1), the Company may apply moneys determined by the Board for- (a) development of water and sanitation facilities in rural and small town communities; (b) education of the general public on sound water and sanitation practices; (c) conduct of research, studies and investigations relating to water supply and sanitation services; (d) promotion of sustainable and efficient management of water supply and related sanitation projects; (e) monitoring and collection of relevant data on water related sanitation issues; and (f) such other purposes necessarily required for the proper management of water related sanitation services.