Amendment status not verified — confirm the current text below against the official source.
( 1 ) The Corporation shall have and maintain its own Fund, to which shall be credited- ( a ) all the money received by the Corporation from the State Government by way of grants, subventions, loans, advances and the loans raised under this Act; (b) all money received by the Corporation from the disposal of lands, buildings and other properties moveable or immovable and other transactions; ( c ) all money received by the Corporation by way of rents and profits or from any other source. ( 2 ) The Corporation may keep current and deposit account with the State Bank of India or any other bank approved by the State Government in this behalf. ( 3 ) Such accounts shall be operated by such officers of the Corporation as may be authorised by it in this behalf. ( 4 ) Notwithstanding anything contained in sub-sections ( 2 ) and ( 3 ), the Corporation may keep on hand such sum as it thinks fit for its day to day transactions, subject to such limits and conditions, as may be prescribed.