General powers of the Board

The Board shall for the purposes of carrying out their functions under this Act, have the following powers: (i) to acquire and hold such movable and immovable property as it may deem necessary for the purposes of this Act and to lease, sell or otherwise transfer any such properties : Provided that in the case immovable properties such powers shall be exercised with the previous sanction of the State Government; (ii) to incur expenditure and undertake works in any area of the State for the framing and execution of such scheme as it may consider necessary for the purpose of carrying out the provisions of this Act or as may be entrusted to it by the State Government subject to the provisions of this Act and the rules made thereunder.