Amendment status not verified — confirm the current text below against the official source.
Core Activities of the Corporation:- The core activities to be taken up by the Corporation are categorized and defined below: (a) to ensure improved accessibility of tertiary care facilities and supply of skilled human resources in health sector; (b) to ensure dedicated focus on health by upgradation and setting up of infrastructure; (c) to mobilize resources for enabling skill development, medical education, research in healthcare sector along with providing best in class healthcare services to the people of Andhra Pradesh; (d) to prepare annual budget, revenue and expenditure plans for the institutes and hospitals under its control; (e) to enter into any arrangements with the Government or any of its undertakings in fulfillment of its core objectives; (f) to fund and finance, the tertiary care hospitals and its attached institutions, medical colleges, nursing colleges, training'centers, labs, etc., in the State including the following: (i) work through innovative financing, wider market outreach and deeper access to the market participants for mobilizing resources from banks, financial institutions, Non-Banking Financial Companies (NBFC’s), investors, contributors and others through the escrow of the assigned cash flows and follow the principles of fiscal prudence while managing the activities; (ii) receive any grants, subventions, donations and gifts from the State/ Central Government or undertakings of State / Central Government or 11 foundations/ CSR/ charitable/ philanthropic organizations across globe or funding from multilateral/ bilateral/ development organizations or from institutions /persons for meeting the above objectives; (iii) to raise money from capital markets (domestic and international), money markets, borrowings from banks, financial institutions, and other instruments in compliance with various statutes, rules, regulations, as prescribed by various statutory and regulatory authorities; (iv) issue shares/ bonds/ debentures/ bills / any other instruments depending on the structure of financing and as per the Provisions of the Companies Act, 2013 (Central Act No.18 of 2013). SEBI regulations (if applicable) and other applicable laws; (v) ensure that there is proper utilization of the funds in accordance with its core objectives; (vi) establish or promote or concur in establishing any companies or trusts or societies or fund which may directly or indirectly help in achieving the core objectives of the Corporation. CHAPTER IV PROPERTY, ASSETS, LIABILITIES AND OBLIGATIONS