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State of Andhra Pradesh - Section

Section 37 in Andhra Pradesh Farmers Management of Irrigation Systems Act, 1997

37. Deposit and administration of the funds.

(1)The Farmers' Organisation shall keep their funds in a Nationalised Bank or a Co-operative Bank namely a Primary Agricultural Cooperative Society or the District Cooperative Central Bank or the Andhra Pradesh State Co-operative Central Bank.
(2)The funds shall be applied towards meeting of the expenses incurred by the Managing Committee of the concerned Farmers' Organisation in the administration of this Act and for no other purpose.