95 Article 173 Expenses of the Authority 1. The contributions referred to in article 171, subparagraph (a), shall be paid into a special account to meet the administrative expenses of the Authority until the Authority has sufficient funds from other sources to meet those expenses. 2. The administrative expenses of the Authority shall be a first call upon the funds of the Authority. Except for the assessed contributions referred to in article 171, subparagraph (a), the funds which remain after payment of administrative expenses may, inter alia: (a) be shared in accordance with article 140 and article 160, paragraph 2(g); (b) be used to provide the Enterprise with funds in accordance with article 170, paragraph 4; (c) be used to compensate developing States in accordance with article 151, paragraph 10, and article 160, paragraph 2(l). Article 174 Borrowing power of the Authority 1. The Authority shall have the power to borrow funds. 2. The Assembly shall prescribe the limits on the borrowing power of the Authority in the financial regulations adopted pursuant to article 160, paragraph 2(f). 3. The Council shall exercise the borrowing power of the Authority. 4. States Parties shall not be liable for the debts of the Authority. Article 175 Annual audit The records, books and accounts of the Authority, including its annual financial statements, shall be audited annually by an independent auditor appointed by the Assembly. SUBSECTION G. LEGAL STATUS, PRIVILEGES AND IMMUNITIES Article 176 Legal status The Authority shall have international legal personality and such legal capacity as may be necessary for the exercise of its functions and the fulfilment of its purposes. Article 177 Privileges and immunities To enable the Authority to exercise its functions, it shall enjoy in the territory of each State Party the privileges and immunities set forth in this subsection. The privileges and immunities relating to the Enterprise shall be those set forth in Annex IV, article 13.