Section 22-U: Reserve and Other Specially Denominated Funds.
The Jammu and Kashmir Development Act, 1970Union territory Act of Jammu and Kashmir · Act 21 of 1970
(1) The Corporation shall make provision for such reserve and other specially denominated funds and in such manner and to such extent 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.