(1) For the furtherance of the objects of this Act, the State Government may, by notification in the Official Gazette, upon such conditions as may be agreed upon between the Government and the Corporation, place at the disposal of the corporation any lands vested in the State Government:
Provided that, the State Government shall not place at the disposal of the Corporation any lands which are notified and included in a reserved forest.
(2) After any such land has been so placed at the disposal of the Corporation it shall be dealt with by the Corporation in accordance with the provisions of this Act, or the rules or regulations made there under and the
7. See now the Right to Fair Compensation and Transparency in Land Acquisition, Rehabilitation and Resettlement Act, 2013 (Central Act No.30 of 2013).
Powers of State Government to issue directions.
Power to acquire land for purposes of this Act.
Act 1 of 1894.
Transfer of Government lands to Corporation.
[Act No.12 of 1997] 19 directions, if any, given by the State Government in this behalf.
(3) If any land placed at the disposal of the Corporation under sub-section (1) is not required by the Corporation, the State Government may ask the Corporation to surrender it to the State Government upon such terms and conditions as may be mutually agreed upon.
29. Subject to any rules made by the State Government under this Act, the Corporation may retain, lease, sell, exchange or otherwise dispose of any land, any building, or other property vested in it, in such manner as it thinks fit for carrying out, the purposes of this Act.
CHAPTER - VI FINANCE, ACCOUNTS AND AUDIT
30. All property, fund and other assets vesting in the Corporation shall be held and applied by it, for the purpose of this Act.