Bare ActsThe Dr. H. NARASIMAIAH SCIENCE, EDUCATIONAL, CULTURAL AND TOURISM DEVELOPMENT AUTHORITY ACT, 2025

Section 33

Grant by the State Government

Amendment status not verified — confirm the current text below against the official source.

Grant by the State Government.- a. The State Government may every year make a grant to the Authority of a sum equivalent to the administrative expenses of the Authority, until the Authority reaches self-maintenance stage out of its own resources. b. The Authority within five years from its inceptions shall work towards self- sustainability and from sixth year onwards make an all out efforts top maintain, run and develop from its own earnings. c. The Authority may borrow funds from other sources only with the prior approval of the Government.

Section 33 – The Dr. H. NARASIMAIAH SCIENCE, EDUCATIONAL, CULTURAL AND TOURISM DEVELOPMENT AUTHORITY ACT, 2025 | DailyLaw.ai