section 17
Fund of the Authority
The Chennai Unified Metropolitan Transport Authority Act, 2010General197126 sections
Statutory text
- (1) The Authority shall have its own Fund and all sums which may, from time to time, be paid to it by the Government and all the receipts of the Authority shall be credited to such Fund.
- (2) The Government may pay to the Authority in each financial year such sums as may be considered necessary for the functioning of the Authority.
- (3) All expenditure incurred by the Authority under or for the purposes of this Act shall be defrayed from out of the said Fund and any surplus remaining, after such expenditure has been met, shall be invested in such manner as may be prescribed.
Study data processing for this section.
PDF: pending for this language.