Section 9: Fund of the Authority

Chennai Unified Metropolitan Transport Authority Rules-2019State Rules of Tamil Nadu · 2010

(1) Any surpluses available in the Fund of the Authority shall be invested in accordance with the instructions and guidelines issued, from time to time by the Government in Finance Department as applicable to the Statutory Boards and Authorities.

(2) The Fund of the Authority shall be kept in an account with any branch of one or more scheduled banks or commercial banks, not exceeding seven in all at a time, to be opened in the name of “Chennai Unified Metropolitan Transport Authority” and shall be operated by the Member-Secretary of the Authority along with any officer authorized in this behalf by the Authority.

Where this provision sits

Act	Chennai Unified Metropolitan Transport Authority Rules-2019
Section	9
Marginal note	Fund of the Authority
Jurisdiction	State of Tamil Nadu
Status	In force as published by the source

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