Investment of funds

Investment of funds

1. (1) The Corporation may invest its funds in such securities and in such manner as may be prescribed.
2. (2) The Corporation shall maintain a separate fund to be called the "Road Development Fund" to which shall be credited all moneys received by the Corporation by way of grants, loans, advances, fees, development charges and all other receipts of the Corporation.
3. (3) The fund shall be applied for meeting Administrative expenses of the Corporation and for carrying out the purposes of this Act: Provided that the Government may direct that any portion of the fund which is not required for immediate use shall be invested in such interest bearing securities or in such other manner as the Government may deem fit.