# The Assam Development Authority Act, 1964 (Single Document), Section 16

- Act: The Assam Development Authority Act, 1964 (Single Document) (Act 31 of 1964)
- Source URL: https://indiacode.ecourtsindia.com/assam-development-authority-act-1964-single-document/section/16/

## Text

The receipts of the Authority under this Act shall form a separate development fund and any expenditure incurred by the Authority for carrying out the functions of the Authority under this Act or the rules made thereunder shall be defrayed out of such fund which shall be non-lapsable. No portion of the fund shall, except with the previous sanction of the State Government, be expended for purposes other than for carrying out the functions of the Authority under this Act or rules made thereunder. Grants, Advances and Loans.

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