The Damodar Valley Corporation Act

Expenditure till the Corporation is established

Vesting of property in the Corporation

Fund of the Corporation

Liabilities of participating Governments to provide capital to the Corporation

Payment by participating Government on specified date

Expenditure on objects other than irrigation, power and flood control

Allocation of expenditure chargeable to project on main objects

Capital allocated to irrigatio

Capital allocated to power

Capital allocated to flood control

Disposal of profits and deficits

Payment of interes

Interest charge and other expenses to be added to and receipts taken for reduction of capital cost

Provision for depreciation and reserve and other funds

Corporation's share in betterment levy by State Governments

. Borrowing of mone

Liability to pay Central taxes

Budget

Annual report

Other annual financial statements

Accounts and audit


FINANCE, ACCOUNTS AND AUDIT


The Corporation shall pay interest on the amount of capital provided by
each participating Government at such rate as may, from time to time, be fixed by the Central
Government and such interest shall be deemed to be part of the expenditure of the Corporation.

LAWGIST

# 38 Payment of interes