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(1) The Corporation shall have and maintain its own fund, to which shall be credited,- (a) all moneys received by the Corporation from the State Government by way of grants, subventions, loans, advances and the loans raised under this Act; (b) all fees, costs and charges received by the Corporation under this Act; (c) all moneys received by the Corporation from the disposal of lands, buildings and other properties, movable and immovable and other transactions; (d) all moneys received by the Corporation by way of water charges, rents and profits or from any other source. (2) The Managing Director of the Corporation with prior approval of the Corporation may keep current and deposit account with the State Bank of India or any other Nationalised Bank approved by the State Government in this behalf. (3) Such accounts shall be operated by such officers of the Corporation as may be authorised by it in this behalf. (4) Notwithstanding anything contained in sub-sections (2) and (3), the Corporation may keep on hand such sum as it thinks fit for its day-to-day transactions, subject to such limits and conditions, as may be prescribed.
<span style="margin-left:15px;"></span>(<i>1</i>) The Corporation shall have and maintain its own fund, to which shall be credited,-<br> <span style="margin-left:15px;"></span><span style="margin-left:15px;"></span>(<i>a</i>) all moneys received by the Corporation from the State Government by way of grants, subventions, loans, advances and the loans raised under this Act;<br> <span style="margin-left:15px;"></span><span style="margin-left:15px;"></span><i>(b)</i> all fees, costs and charges received by the Corporation under this Act;<br> <span style="margin-left:15px;"></span><span style="margin-left:15px;"></span>(<i>c</i>) all moneys received by the Corporation from the disposal of lands, buildings and other properties, movable and immovable and other transactions;<br> <span style="margin-left:15px;"></span><span style="margin-left:15px;"></span>(<i>d</i>) all moneys received by the Corporation by way of water charges, rents and profits or from any other source.<br> <span style="margin-left:15px;"></span>(<i>2</i>) The Managing Director of the Corporation with prior approval of the Corporation may keep current and deposit account with the State Bank of India or any other Nationalised Bank approved by the State Government in this behalf.<br> <span style="margin-left:15px;"></span>(<i>3</i>) Such accounts shall be operated by such officers of the Corporation as may be authorised by it in this behalf.<br> <span style="margin-left:15px;"></span>(<i>4</i>) Notwithstanding anything contained in sub-sections (<i>2</i>) and (<i>3</i>), the Corporation may keep on hand such sum as it thinks fit for its day-to-day transactions, subject to such limits and conditions, as may be prescribed.<br> <br>