(1) The Corporation shall have and maintain its own fund, to which shall be credited-
(a) all moneys received by the Corporation from the State Government by way of grants, subventions, loans, advances and the loans raised under this Act;
(b) all fees, costs and charges received by the Corporation under this Act;
(c) all moneys received by the Corporation from the disposal of lands, buildings and other properties, movable and immovable and other transactions;
(d) all moneys received by the Corporation by way of water charges, rents and profits or from any other source.
(2) The Corporation may keep current and deposit account with the State Bank of India or any other Bank approved by the State Government in this behalf.
(3) Such accounts shall be operated by such officers of the Corporation as may be authorised by it in this behalf.
(4) Notwithstanding anything contained in sub-sections (2) and (3), the Corporation may keep on hand such sum as it thinks fit for its day to day transactions, subject to such limits and conditions as may be prescribed.
(a) all moneys received by the Corporation from the State Government by way of grants, subventions, loans, advances and the loans raised under this Act;
(b) all fees, costs and charges received by the Corporation under this Act;
(c) all moneys received by the Corporation from the disposal of lands, buildings and other properties, movable and immovable and other transactions;
(d) all moneys received by the Corporation by way of water charges, rents and profits or from any other source.
(2) The Corporation may keep current and deposit account with the State Bank of India or any other Bank approved by the State Government in this behalf.
(3) Such accounts shall be operated by such officers of the Corporation as may be authorised by it in this behalf.
(4) Notwithstanding anything contained in sub-sections (2) and (3), the Corporation may keep on hand such sum as it thinks fit for its day to day transactions, subject to such limits and conditions as may be prescribed.
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More sections of this act
Section 1 · Short title, extent and commencement.Section 2 · Definitions.Section 3 · Establishment of Maharashtra Krishna Valley Development Corporation.Section 4 · Constitution of Corporation.Section 5 · Executive Committee.Section 6 · Disqualifications for membership and removal of members.Section 7 · Meetings of Corporation.Section 8 · Constitution of committees.India Code, Government of India. Text fetched 20 Oct 2026. Check the linked official text and subsequent notifications when applying a provision.