Section 24 in Sri Malai Mahadeswaraswamy Kshethra Development Authority Act, 2013
24. Fund of the Authority.-
(1)There shall be a Fund called Sri MalaiMahadeswaraswamyKshethra Development Authority Fund.(2)There shall be credited to the said Fund,- (i) all grants, subventions, donations and gifts made by the Central Government, State Government, any local authority or any body, whether incorporated or not or any person;(ii)the amount borrowed by the Authority; and(iii)all other sums received by or on behalf of the Authority from any source whatsoever:Provided that the donations, Kanikes, Seva Fees and other offering made to God in Hundi shall be credited to the fund of the Authority and out of which the net income of that temple theauthority shall contribute to the common pool fund created under section 17 of the Karnataka Hindu Religious and Charitable Endowment Act, 1997 (Karnataka Act 33 of 2001) at such rate as specified in that section.(3)Except as otherwise directed by the State Government all moneys credited to the Fundshall be invested in any Scheduled Bank or in the State Government Treasury.(4)The administrative expenses of the Authority including the salaries, allowances andpension if any, payable to the Secretary and other officer and employees of the Authority shallbe defrayed out of the fund of the Authority.
