Amendment status not verified — confirm the current text below against the official source.
Establishrnent of State Road Devetopment Fund. * (i) With effect from such date as the State Covernment may, by notification in the Official Gazette, appoint in this behalf, there shall be established for the purposes of this Act, a Fund to be called as the "Jharkhand State Road Development Fund". (ii) The fund shall be under the control of the State Goven'rment and there shall be credited thereto - (a) any sums of money paid under section 4, section 5 & sectiorr 6; (b) any other arnounts allocated to the Fund by any otlrer agency of the State or Central Government, (c) the sunrs. if any, realised by the state governrnL'nt in canyirrg out its functions or in the administration of this Act; (iii) The balance to the credit of the Fund shall not lapsc at the enrl of the financial year. (iv) All sums of tnoney specified in Section 7(iiXa) (b) & (c) and forming part of the Jharkhand State Road Development Fund shall be deposited in any Nationalised or Scheduled Bank or in such other Financial Institutiorls as rrlay be decided by the Governing Body and the said arnount shall be operated in such manner as prescritred.