Investment of surplus moneys

Infrastructure2018103 sections

Statutory text

(1) The surplus moneys standing at the credit of any of the heads of accounts of the Fund which are not required, either immediately or at any early date, to be applied for the purposes of this Act by the Board may, in accordance with the rules made by the Government, be transferred by the Board, either in whole or in part, to any other head of account of the Fund. (2) The surplus moneys which are not transferred under sub-section (1) may be invested in public securities or small savings schemes, approved by the Government, or deposited at interest with such scheduled bank or co-operative bank as may be determined by the Board.

Study data processing for this section.

PDF: pending for this language.