It may also undertake such works as may be directed by the State Government and may incur such expenditure as may be necessary for the execution of such works or schemes.

Fund of the Meghalaya Ropeway Development Authority

1. (1) The Meghalaya Ropeway Development Authority shall have and maintain its own fund to which shall be credited:-
   • (a) all money received by the Authority from the State Government by way of grants, loans, advances or otherwise;
   • (b) all development charges or other fees received by the Authority under this Act or rules or bye-laws made thereunder; and
   • (c) all money received by the Authority from any other sources.
2. (2) The Authority may, in any nationalised or other banks approved by the State Government in this behalf, open any number of accounts and keep such portions of each fund as may be prescribed; and any money in excess of the said sum shall be invested in such manner as may be approved by the State Government.