section 27
Other Funds of Board
The Orissa Water Supply and Sewerage Board Act, 1991Infrastructure199168 sections10 chapters
Chapter IV CONTRACT, FINANCE, ACCOUNT AND AUDIT
Statutory text
- (1) The Board shall also have another fund, to be called "the Loan Fund", which shall also be deemed to be a local fund and to which shall be credited all money received by or on behalf of the Board by way of loans from the financial institutions like HUDCO, L.I.C., National and international funding agencies including World Bank.
- (2) Without prejudice to the provisions of section 26 or sub-section
- (1) of this section the Board may, with the previous approval of the State Government, constitute such other funds as may be necessary for the efficient performance of duties and to discharge its functions under this Act.
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