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Section 22: Reserve and other funds

The Goa Information Technology Development Act, 2007State Act of Goa · Act 10 of 2007

(1) The Corporation shall make provision for reserve and other specially denominated funds as the Government may, from time to time, direct.

(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 Corporation.

(3) None of the funds referred to in sub-section (1) shall be utilized for any purpose other than that for which it was constituted, without the previous approval of the Government.

Where this provision sits

ActThe Goa Information Technology Development Act, 2007
Section22
Marginal noteReserve and other funds
JurisdictionState of Goa
StatusIn force as published by the source

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