section 7
Funds maintenance and raising
The Meghalaya Commercial Crops Development Board Act, 1996General199615 sections
Statutory text
- (1) The Board shall maintain its own funds into which all money it receives shall be credited into and all necessary payments made therefrom.
- (2) The money I the fund shall be deposited in the State Bank of India, the Meghalaya Co-operative Apex Bank Ltd. Or any nationalized bank 1"as may be approved by the State Government. "
- (3) The Board may accept grants, subventions and loans from the Central or State Government and other Institutions and, with previous approval of the State Government, borrow money from banks and from financial and other institutions.
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