Board Fund

(1) The Board shall have a fund to be called the Housing Board Fund. (2) The Board may accept grants, subventions, donations and gifts from the Central or the State Government, a local authority or any individual or body, whether incorporated or not, for all or any of the purposes of this Act. (3) The State Government shall make such amount of moneys proceeds of sale for the report. All expenditure as is proposed to be incurred by the Board shall be made as soon as possible, or at least before the end of the financial year, and be reported to the State Government.