section 31
Fund of Corporation -(1) The Corporation shall have and maintain its
The Andhra Pradesh Water Resources Development Corporation Act, 1997General199772 sections
Statutory text
own fund, to which it shall be credited,-
- (a) all moneys received by the Corporation from the State Government by way of grants, subventions, loans, advances and the loans raised under this Act;
- (b) all fees, costs and charges received by the Corporation under this Act;
- (c) all moneys received by the Corporation from the disposal of lands, buildings and other properties, movable and immovable and other transactions;
- (d) all moneys received by the Corporation by way of water charges, rents and profit or from any other sources.
- (2) The Corporation may keep current and deposit account with such Bank or Banks specified 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
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