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(1) Subject to the provisions of this Act, a Regional Development Authority may create such funds for such purposes as it may determine from time to time, to which, shall be credited all moneys received by it, including, - (a) contribution to be made by the State Government in the first instance of a sum equivalent to rupees five crore towards a revolving fund to be established by every Regional Development Authority under this Act; (b) all moneys received from the Central Government, State Government, or any other person by way of grants, donations, loans, advances or otherwise; (c) all fees and user charges received by the Regional Development Authority under this Act; and (d) all moneys received by the Regional Development Authority towards lease, premium or cost of land and/or building. (2) The fund shall be applied towards meeting the expenses incurred by the Regional Development Authority in performing its functions and for administration of the provisions of this Act.
(1) Subject to the provisions of this Act, a Regional Development Authority may create such funds for such purposes as it may determine from time to time, to which, shall be credited all moneys received by it, including, -<br> (a) contribution to be made by the State Government in the first instance of a sum equivalent to rupees five crore towards a revolving fund to be established by every Regional Development Authority under this Act;<br> (b) all moneys received from the Central Government, State Government, or any other person by way of grants, donations, loans, advances or otherwise;<br> (c) all fees and user charges received by the Regional Development Authority under this Act; and<br> (d) all moneys received by the Regional Development Authority towards lease, premium or cost of land and/or building.<br> (2) The fund shall be applied towards meeting the expenses incurred by the Regional Development Authority in performing its functions and for administration of the provisions of this Act.<br>