LawgistThe Damodar Valley Corporation Act
28Vesting of property in the Corporation
All property acquired and works constructed for the purposes of the Damodar Valley scheme before the establishment of the Corporation shall vest in the Corporation and all income derived and expenses incurred in this behalf shall be brought into the books of the Corporation.
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FINANCE, ACCOUNTS AND AUDIT
- 27 Expenditure till the Corporation is established
- 28 Vesting of property in the Corporation
- 29 Fund of the Corporation
- 30 Liabilities of participating Governments to provide capital to the Corporation
- 31 Payment by participating Government on specified date
- 32 Expenditure on objects other than irrigation, power and flood control
- 33 Allocation of expenditure chargeable to project on main objects
- 34 Capital allocated to irrigatio
- 35 Capital allocated to power
- 36 Capital allocated to flood control
- 37 Disposal of profits and deficits
- 38 Payment of interes
- 39 Interest charge and other expenses to be added to and receipts taken for reduction of capital cost
- 40 Provision for depreciation and reserve and other funds
- 41 Corporation's share in betterment levy by State Governments
- 42 . Borrowing of mone
- 43 Liability to pay Central taxes
- 44 Budget
- 45 Annual report
- 46 Other annual financial statements
- 47 Accounts and audit
