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State of Jammu-Kashmir - Section

Section 27 in Jammu and Kashmir Metropolitan Region Development Authorities Act, 2018

27. Other funds and reserves.

(1)The Authority shall make provisions for a reserve fund and may provide for other specially denominated funds as it deems fit.
(2)The management of the funds referred to in sub-section (1), the sums to be transferred, from time to time, to the credit thereof and the application of money comprised therein, shall be determined by the Authority.