106. (1) The Management, control and administration of every public institution maintained exclusively out of the Zila Nidhi or the Kshettra Nidhi shall vest in the [Zila Panchayat] or the [Kshettra Panchayat], as the case may be.
(2) Any other public institution may also by vested in or placed under the management, control and administration of a [Zila Panchayat] :
Provided that the extent of the authority of the [Zila Panchayat] or the [Kshettra Panchayat] in respect thereof, may be prescribed by rule.
(3) All property, endowments and funds belonging to any public institution vesting in, or placed under, the management, control and administration of a [Zila Panchayat] or a [Kshettra Panchayat], shall be held by the [Zila Panchayat] or the [Kshettra Panchayat] in trust for the purpose to which such property, endowments and funds were lawfully applicable at the time when the institution became so vested or was so placed ;
Provided that nothing in the foregoing provisions of this section shall be held to prevent the vesting of any trust property in the Treasurer of Charitable Endowments under the Charitable Endowments Act, 1890.