Fund of the Authority

(1) The Authority shall establish and maintain its own Fund to which shall be credited,— (a) all moneys received by the Authority from the State Government and the Central Government by way of grants, loans, advances or otherwise ; (b) the fees received by the Authority under this Act ; (c) all moneys received by the Authority from the disposal of its lands, buildings and other properties, movable or immovable ; (d) all moneys received by the Authority by way of rent or profit or in any other manner or from any other sources ; and (e) all moneys received by the Authority in connection with the execution of any of its programmes. (2) The Fund shall be administered by the Registrar General of the Authority. (3) The Fund shall be applied for achieving the objectives of the Authority and meeting the expenditure to be incurred in relation thereto. (4) The Authority shall keep the Fund in any Scheduled Bank. (5) The Authority may invest any portion of the Fund in such securities or in such other manner, as it may determine from time to time. (6) The income resulting from the investment mentioned in sub-section (5), shall be credited to the Fund.