Board’s find

(1) The Board shall have its own funds called the Housing Board Fund into which shall he credited all moneys received: (a) by way of grants, loans, donations and gifts from the Central Government of any State Government. Local Authority or any body or individuals for all or any of the purposes of this Act; and (b) by or on behalf of the Board under the provisions of this Ace as all proceeds form the sale of land or any other kind of property of the Board, all rents, interests profits and other moneys accruing to the Board. (2) Except as otherwise directed by the Government, the Board may deposit its funds in one or more Banks or invest them in Securities. Or partly in one and partly in the other. provided that in the case of investment in securities, the same shall be done only with the prior approval of the Government (3) The accounts of the Board shall be operated upon by such officers as may be authorised by the Board by a general or special order.