(1) The Corporation shall make such provisions for reserve and other specially denominated funds as the State Government may from time to time direct.
(2) The management of the funds referred to in subsection (1), the sums to be carried from time to time to the credit thereof and the application of the money comprised therein shall be determined by the Corporation.
(3) None of the funds referred to in sub-section (1) shall be utilised for any purpose not connected with the functions of the 'Corporation without the previous approval of the, State Government.
27. The Corporation shall have power to spend such sums as it thinks fit on objects authorised under this Act and such sums shall be treated as expenditure payable out of the general fund of the Corporation or the funds referred to in sub-section (1) of section 26, as the case may be.