Section 20 in Maharashtra Horticulture Development Corporation Act, 1984
20. Funds of Corporation.
(1)The Corporation shall have and maintain its own fund, to which shall be credited-(a)all moneys received by the Corporation from the State Government by way of grants, subventions, loans, advances or otherwise and from the loans raised under section 22;(b)all fees, costs and charges received by the Corporation under this Act;(c)all moneys received by the Corporation from the disposal of lands, buildings and other properties moveable and immoveable and other transactions;(d)all moneys received by the Corporation by way of rents and profits or in any other manner or from any other source.(2)The Corporation may keep current and deposit account with the State Bank of India or any other Bank approved by State Government in this behalf.(3)Such accounts shall be operated by such officers of the Corporation as may be authorised by it by regulations made in this behalf.(4)Notwithstanding anything contained in sub-sections (2) and (3), the Corporation may keep on hand such sum as it thinks fit for its day to day transactions, subject to such limits and conditions as may be prescribed.
