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State of Odisha - Section

Section 15 in The State Culture Fund Scheme, 2003

15. Investment.

(1)The Council shall decide on the overall policy of investment of the Fund. The Committee shall invest the assets of the Fund in any one or more of the mode of investments for the time being authorised bylaw for the investment of the trust money as the Committee may think proper.
(2)The Committee may invest interest of the Fund not immediately required on short term basis in fixed deposit/certificates.