Vesting and administration of the Fund. (1) The Fund shall vest in and be

administered by the Authority constituted under section 3.

1. (2) The Authority shall administer the Fund vested in it such manner, as may be prescribed.
2. (3) Allamounts forming part of the Fund shalt be deposited in the State Bank of India as may be decided by the Authority and the account shall be operated by the Chairman of the Executive Committee and the Chief Executive Officer of the Authority jointly in such manner, as the Authority may decide.