(1) The State Government shall, by appropriation duly made in this behalf, from time to time, provide funds to the Corporation for the performance of the functions of the Corporation under this Act.
(2) The capital provided by the State Government shall not carry any interest.
33. The State Government may, after, due appropriation made by the State Legislature by law in this behalf, make such grants, subventions, loans and advances to the Corporation as it may deem necessary for the performance of the functions of the Corporation under this Act and all grants, subventions, loans and advances made shall be on such terms and conditions as the State Government may determine.
34. The Corporation may, subject to such conditions as may be prescribed in this behalf, borrow money from the financial institutions or Non-resident Indians or from the open market by issue of guaranteed or unguaranteed Contribution of Government to Corporation funds.
Grants, subventions, loans and advances to Corporation.
Power of Corporation to borrow.
[Act No.12 of 1997] 21 bonds, debentures, stocks and otherwise for the purpose of providing itself with adequate resources.
(2) The maximum amount which the Corporation may at any time have on loan under sub-section (1) 8[shall not exceed rupees three thousand crores], unless the State Government fixes a higher maximum limit for this purpose.
35. The Corporation may accept deposits on such conditions as it deems fit from persons, authorities or institutions, to whom allotment or sale of land or buildings or fishing rights is made or is likely to be made in furtherance of the objects of this Act.
36. The Corporation shall have the authority to spend such sums as it thinks fit for the purposes authorised under this Act from and out of the fund of Corporation referred to in section 30 or from the reserve and other funds referred to in section 37, as the case may be.
37. It shall be competent for the Corporation to spend such sums as it thinks fit also on objects authorised under this Act other than Irrigation Projects, Drinking Water Projects, Industrial Water Supply Projects and Roads and such sums shall be treated as common expenditure payable out of the fund of the Corporation.