Section 16, Civil Aviation Act, 2017 for an effective aviation safety and security

(1) The Authority shall have, for the performance of itsfunctions under this Act, the power to - (a) receive any gifts, grants, donations or endowments made to it or any other monies in respect of it and to make legitimate disbursement thereof in accordance with this Act; (b) invest any monies not immediately required for its purposes in the manner provided in this Act or any other written law; (c) delegate the performance of its duties and functions to other persons, in accordance with a written contract in this regard; (d) establish subsidiaries and enter into such joint ventures, partnerships and other associations with public or private institutions as it may consider necessary to enable it to conduct its affairs, perform its functions and discharge its duties; (e) acquire, hire, hold, lease out, dispose of all types of assets or property including land: Provided that the Authority shall not sell, let or otherwise dispose of any buildings, land or other assets vested in it except with the consent of and subject to any conditions that may be imposed by the Government; (f) let or hire plant, machinery, equipment or assets acquired or required by the Authority, as the case may be; and (g) appoint a body or bodies to advise it in relation to the performance of its functions.