Section 34State of Maharashtra Act

Section 34: Authority's Fund

Maharashtra Housing and Area Development Act, 1976

Authority's Fund

(1)

The Authority shall have its own fund.

(2)

(a)

All moneys received by the Authority by way of grants, subventions, donations and gifts for all or any of the purposes of this Act;

(b)

All proceeds of land or any other kind of property sold or disposed of by the Authority, all rents, deposits, betterment charges and all interest, profits and other moneys accruing to the Authority;

(c)

all loans received by the Authority;

shall constitute the fund of the Authority;

(3)

[* * * * * * *] [Sub-section (3) was deleted by Maharashtra 54 of 1977, Section 5.]

Sec 33 — Supplementary budget

Sec 35 — Deposit of money in fund and operation thereof

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