Amendment status not verified — confirm the current text below against the official source.
(1) The authority shalI have and maintain its own fund to which Authority. shall be credited- 1977 : Haryana Act 13 j URBAN IXVELOPMENT AUTHORITY (a) all moneys received by the Authority from the State Govemmcnt and the Central Govemme~lt by way of grants, Ioans, advances or ohrwise; ail moneys borrowed by the Authority, fium sources otilcr than the Guvemenr, by way of ioatis or debenaircs; (i) all fces received by thc Authority under this Act; d 2111 morieys receiii~d by the Autho;;.ty forE the disposal of Ian&, buildings and other properties, movable and immovable ; and re) all mo;;eys rccived by the Authority by way clfrenis and prflfitq ' or in any dther manner or fioin any other source. cz) r;x;rmdii~it.e incurred in thc adminism~ion ofthis Act: fb) cost of aciyisitio~ of lmd for purposes ofthis Act; (c) expenditure for development of land; and {dj ex~~~dinrre.forsuchr~~i~er~~urpli~cs;isii~cf~at~C;~~~r;t~~~zi~: may rli~ect or pennit. b (3) The Authority shaii keep its funds in any Scheduled Bank. I?) Tne Autborily n~ay inmi any poriiun ofis f w d in such securities or in such othei manner asmay be prescribed. (5) 'l%e income resdti t ~ g from invesments m t i n in sub-swtioh(4) 3nd prxeeds of the ca!?. ef !he SB-e shdl be credircd to ihe h11J oC ilie Autholity