State Act
19
Section 19. Fund of the Board.
THE BAYALUSEEME DEVELOPMENT BOARD ACT, 1994
Act no. 38 of 19941994In forceKarnataka (State Act)
19. Fund of the Board.- (1) There shall be a fund called the Board Fund. (2) The following shall form part of, or be paid into the Board Fund, namely:- (i) all grants, subventions, donations and gifts made by the Central Government, State Government, any local authority, any body whether incorporated or not or any persons; (ii) the amount borrowed by the Board; and (iii) all other sums received by or on behalf of the Board from any source whatsoever. (3) Except as otherwise directed by the State Government, all money credited to the Fund shall be invested in any Scheduled Bank.