Investment and reinvestment of sums to credit of Statutory Funds

The State Government shall, from time to time, invest or reinvest all sums to the credit of the Statutory Funds at serial Nos. 10, 11 and 12 in Schedule A, and may invest or reinvest all or any of the sums to the credit of the other Statutory Funds, in Government Securities as defined in clause

1. (2) of section 2 of the Public Debt Act, 1944, in the name of the Secretary to the Government of Bombay, Finance Department, or such other officer as the State Government may specify in this behalf.