Amendment status not verified — confirm the current text below against the official source.
( 1) The Board shall, as far as practicable, carry t":nli~a~~·s ·on its operations under this Act on sound Commer- Finance. Gial principles, or ''No-profit nu-loss basis" and shall adjust its rates of charges accordingly: Subventions to the Board. Loans to the Board. . Prc.vided that where necessary ·any amount due for meeting the operating, maintenar.ce and mana- ge111ent expenses of the Board for purposes of clause (i) and (ii) of Section 32 may, • to ~;uch extent as may be sanctioned by the State Government, be paid out of the Board's fund. (2) The taxes, fees and charges authorised to be imposed under this Act shall · be sufficient to enable the Board to . cover the follov;ing : ( i) operating expenses, (ii) maintenance, (iii) taxes payable by the Board, (iv) depreciation, (v) interest repayment, (vi) amounts required for the repayment of long- term loan to the extent that such repay-· ments shall exceed the provision for de- preciation, and (vii) adequate allocation to . reserves.