Utilization of the Fund

General202514 sections

Statutory text

(1) The Fund shall be utilized only for the capital expenditure in the State.
(2) Maximum 25% of the last year annual returns on investments in the fund may be utilised for capital expenditure, if the Government considers it necessary.
(3) No withdrawal from the principal corpus shall be made except in a year when revenue receipt from mineral resources decreases 10% or more from previous year's revenue receipt of mineral resources, subject to maximum 10% withdrawal from principal corpus in one Financial Year.

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