Section 44(2)(d) in The Pepsu Townships Development Board Act, 1954
(d)[the State Government] [Substituted by Punjab Act No. 6 of 1969.] shall keep separate account of all moneys respectively received and expended by [it] [Substituted for the word 'them' by Punjab Act No. 6 of 1969.] under this Act until all loans raised thereunder have been repaid and until all liabilities referred to in clause (c) have been duly met.