Amendment status not verified — confirm the current text below against the official source.
(I) Surplus moneys standing at Lhe crediiof any oflhe accounls Invcsimem i>f the Municipal Fund which cannoi, eilher immediately or al any early moneys^ dale, be iipplicd for lhe purposes of Lhis Act hy the Corporation may, in accordance with such rules as may be made by the State Government in ihis behalf, be transferred by lhe Corporation cither in whole or in part to any other accouni of the Municipal Fund: Provided thai no such money shall be Lransfcrrcd permanenlly from any of the accounts to any other accouni without the previous approval of the Slulc Government: Provided further that such surplus moneys standing at lhc credit or lhc Commercial Projects Account of the Municipal Fund shall not be transferred lo the General Accouni of llie Municipal Fund. (2) Surplus moneys which are noi lransfcrrcd under sub-seciion (I) may be invesied in public securilics or small savings schemes approved by lhe State Government or deposited at inieresi with such scheduled hank as may be determined by the Mayor-in-Council, [West Ben. Act (Part III.—Finance,—Chapter IX.—Bud get Estimates.— Sections 131, 132.) r, CHAPTER IX Budget Estimates Annual