Amendment status not verified — confirm the current text below against the official source.
(I) The Council shall have a fund 'called the Foundation Fund. m. (2) The Foundation Fund shall consist of - (a) a sum of not less than mpees nvo lakhs which shall bc givm to it by the Govergment ; (b) any contribution to the fund which may be made bj* the Government, any , h m l Authority or other Public Body or by any other Government - or person; and , - , (c) any contribution to the fund madz by thc Council. @)'The Foundation Fund shall be invested in securities issued or guaranteed by the Central Govemmeni or by any Slate Government' and such investment shall not be varied without the consent of the Chairman. (4) Z'he corpus of the Foundation .Fund sldl be kept i n tact but the interest tbmf be utilised for the purposes of the Council. (S) The expenditure incurred on account of dause (a) of subsection (2) shall be an expenditure charged on the Consolidated Fund of the State. I Rculdtionr .