13(1)Subject to any directions given by the Secretary of State, a local probation board may do anything which appears to it to be necessary or expedient for the purpose of, or in connection with, the exercise of its functions.
(2)That includes, in particular—
(a)holding property,
(b)entering into contracts,
(c)investing sums not immediately required for the purpose of performing its functions,
(d)accepting gifts.
(3)But a local probation board—
(a)may not hold land (though it may manage it),
(b)may not borrow money, whether by way of overdraft or otherwise, without the approval of the Secretary of State.
(4)Approval under this paragraph may be either general or special.