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[Cites 0, Cited by 0] [Section 28C] [Entire Act]

State of Odisha - Subsection

Section 28C(3) in Shri Jagannath Temple Act, 1955

(3)All amounts credited to the Foundation Fund shall be invested in long term fixed deposits with such banks as the State Government may approve and shall always be kept so invested, and no such fixed deposit shall be pledged or otherwise encumbered :Provided that the State Government may permit such sum out of the Foundation Fund as they may fix, to be utilised for any purpose of the Temple as they may specify.